SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported) May 28, 1998
GE CAPITAL MORTGAGE SERVICES, INC.
(as Seller and Servicer under the Pooling and
Servicing Agreement, dated as of May 1, 1998,
providing for the issuance of REMIC Multi-Class
Pass-Through Certificates, Series 1998-9)
GE Capital Mortgage Services, Inc.
(Exact name of registrant as specified in its charter)
New Jersey 33-5042 21-0627285
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
Three Executive Campus
Cherry Hill, New Jersey 08002
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including
area code (609) 661-6100
<PAGE>
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
General.
On May 28, 1998, GE Capital Mortgage Services, Inc. ("GECMSI")
offered to investors certain classes of its REMIC Multi-Class
Pass-Through Certificates, Series 1998-9 (the "Certificates")
evidencing beneficial ownership interests in a trust fund (the
"Trust Fund"). The assets of the Trust Fund consist primarily of
a pool ("Pool 1998-9") of conventional, one- to four-family
residential loans (the "Mortgage Loans"). Capitalized terms used
herein and not otherwise defined shall have the meanings assigned
to them in the Prospectus dated May 26, 1998 as supplemented by
the Prospectus Supplement dated May 26, 1998.
The original principal balance of each Class of the Certificates
is as follows:
Class A1 $48,871,886.00
Class A2 $54,638,720.00
Class A3 $203,020,714.00
Class A4 $7,889,139.00
Class A5 $18,949,394.00
Class A6 $14,087,291.00
Class A7 $4,986,000.00
Class A8 $51,175,000.00
Class A9 $0.00
Class A10 $164,000,383.00
Class A11 $20,252,000.00
Class A12 $22,880,000.00
Class A13 $23,196,750.00
Class A14 $5,000,000.00
Class A15 $33,000,000.00
Class A16 $3,652,261.00
Class A17 $22,394,100.00
Class A18 $9,880,000.00
Class A19 $12,872,248.00
Class R $100.00
Class RL $100.00
Class M $13,905,000.00
Class B1 $6,013,000.00
Class B2 $3,382,000.00
Class B3 $3,007,000.00
Class B4 $1,503,000.00
Class B5 $2,255,130.89
Class PO $817,032.50
---------------
Total: $751,628,249.39
The initial Junior Percentage and initial Senior Percentage for
Pool 1998-9 are approximately 4.0% and 96.0%, respectively. The
"Bankruptcy Loss Amount," the "Fraud Loss Amount" and the
"Special Hazard Loss Amount" for Pool 1998-9 as of the initial
issuance of the Certificates are $254,247.00, $7,516,282.00 and
$7,516,282.00, respectively, representing approximately .03%,
1.00%, and 1.00%, respectively, of the aggregate Scheduled
Principal Balances of the Mortgage Loans as of May 1, 1998 (the
"Cut-off Date").
2
<PAGE>
Description of the Mortgage Pool and the Mortgaged Properties
Pool 1998-9
Pool 1998-9 consists primarily of fixed-rate, fully-amortizing
conventional Mortgage Loans evidenced by Mortgage Notes which
have original maturities of 20 to 30 years and an aggregate
outstanding Scheduled Principal Balance as of the Cut-off Date,
after deducting payments of principal due on or before such date
and prepayments of principal received before such date, of
$751,628,249.39.
The interest rates (the "Mortgage Rates") borne by the 2450
Mortgage Loans conveyed by GECMSI to Pool 1998-9 range from
6.375% to 9.125% and the weighted average Mortgage Rate as of the
Cut-off Date is 7.3961% per annum (all weighted averages in this
filing are weighted by aggregate outstanding Scheduled Principal
Balance as of the Cut-off Date). At origination, the principal
balances of the Mortgage Loans in Pool 1998-9 ranged from
$25,200.00 to $1,500,000.00, and, as of the Cut-off Date, the
average outstanding Scheduled Principal Balance of the Mortgage
Loans in Pool 1998-9 is $306,787.04, after application of
principal payments due on or before the Cut-off Date and
prepayments of principal received before such date. The earliest
origination date of any Mortgage Loan in Pool 1998-9 is February
1990, and the latest scheduled maturity date of any such Mortgage
Loan is May 2028. The weighted average loan-to-value ratio of the
Mortgage Loans as of the Cutoff Date in Pool 1998-9 is 74.3616%.
3
<PAGE>
The Mortgage Loans in Pool 1998-9 have the following
characteristics as of the Cut-off Date.
a) The following table sets forth information, as of the Cut-off
Date, with respect to the Mortgage Rates borne by the Mortgage
Loans in Pool 1998-9:
AGGREGATE % OF
BALANCES POOL BY
MORTGAGE # OF AS OF AGGREGATE
RATES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
6.3750% 3 $555,558.45 0.0739%
6.5000% 5 $947,964.63 0.1261%
6.6250% 8 $1,992,340.04 0.2651%
6.7500% 34 $9,794,223.60 1.3031%
6.8750% 79 $23,500,199.09 3.1266%
6.9500% 1 $252,767.03 0.0336%
7.0000% 144 $43,722,606.36 5.8171%
7.1250% 217 $62,837,448.65 8.3602%
7.2000% 4 $1,437,005.74 0.1912%
7.2500% 434 $129,959,940.01 17.2905%
7.3000% 6 $2,347,857.90 0.3124%
7.3500% 2 $1,073,516.30 0.1428%
7.3750% 460 $141,548,089.27 18.8322%
7.4000% 4 $1,515,232.51 0.2016%
7.4500% 4 $1,231,849.25 0.1639%
7.5000% 412 $134,033,391.07 17.8324%
7.5500% 10 $3,509,919.53 0.4670%
7.6000% 3 $986,420.96 0.1312%
7.6250% 320 $101,901,948.68 13.5575%
7.6500% 3 $738,299.56 0.0982%
7.7000% 2 $737,064.01 0.0981%
7.7500% 150 $45,152,448.27 6.0073%
7.8750% 82 $27,209,334.94 3.6200%
8.0000% 28 $7,155,697.47 0.9520%
8.1250% 16 $4,142,200.10 0.5511%
8.2500% 8 $1,726,940.75 0.2298%
8.3750% 1 $227,281.49 0.0302%
8.5000% 2 $158,667.23 0.0211%
8.6250% 1 $232,377.80 0.0309%
8.7500% 2 $384,376.29 0.0511%
8.8750% 2 $92,695.17 0.0123%
9.0000% 1 $49,472.97 0.0066%
9.1250% 2 $473,114.27 0.0629%
----- --------------- ---------
Total 2,450 $751,628,249.39 100.0000%
4
<PAGE>
b) The following table sets forth information, as of the Cut-off
Date, with respect to the original principal balances of the
Mortgage Loans in Pool 1998-9 :
AGGREGATE % OF
BALANCES POOL BY
ORIGINAL # OF AS OF AGGREGATE
BALANCES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
$0 - 227,150 355 $53,379,836.90 7.1019%
$227,151 - 250,000 306 $73,737,317.57 9.8103%
$250,001 - 300,000 764 $209,365,561.95 27.8549%
$300,001 - 350,000 404 $130,815,554.92 17.4043%
$350,001 - 400,000 250 $93,102,346.82 12.3868%
$400,001 - 450,000 131 $55,892,749.39 7.4362%
$450,001 - 600,000 179 $90,644,685.58 12.0598%
$600,001 - 650,000 34 $21,545,557.54 2.8665%
$650,001 - 1,000,000 + 27 $23,144,638.72 3.0793%
----- --------------- ---------
Total 2,450 $751,628,249.39 100.0000%
The largest outstanding Scheduled Principal Balance of any
Mortgage Loan, as of the Cut-off Date, in Pool 1998-9 is
$1,498,967.71.
The smallest outstanding Scheduled Principal Balance of any
Mortgage Loan, as of the Cut-off Date, in Pool 1998-9 is
$25,184.73.
c) The following table sets forth information, as of the Cut-off
Date, with respect to the years of origination of the Mortgage
Loans in Pool 1998-9:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
1990 1 $133,482.50 0.0178%
1992 1 $85,793.86 0.0114%
1993 1 $142,596.00 0.0190%
1994 1 $232,377.80 0.0309%
1997 72 $22,771,300.88 3.0296%
1998 2,374 $728,262,698.35 96.8913%
----- --------------- ---------
Total 2,450 $751,628,249.39 100.0000%
5
<PAGE>
d) The following table sets forth information, as of the Cut-off
Date, with respect to the loan-to-value ratios of the Mortgage
Loans at origination in Pool 1998-9:
LOAN- AGGREGATE % OF
TO-VALUE BALANCES POOL BY
RATIO AT # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
00.000 - 50.00 104 $33,557,569.53 4.4646%
50.001 - 60.00 157 $51,061,372.71 6.7934%
60.001 - 70.00 330 $113,425,487.30 15.0906%
70.001 - 75.00 394 $129,415,929.69 17.2181%
75.001 - 80.00 1,081 $324,598,158.34 43.1862%
80.001 - 85.00 62 $16,048,949.98 2.1352%
85.001 - 90.00 205 $54,055,067.70 7.1917%
90.001 - 95.00 117 $29,465,714.14 3.9202%
----- --------------- ---------
Total 2,450 $751,628,249.39 100.0000%
e) The following table sets forth information, as of the Cut-off
Date, with respect to the type of Mortgaged Properties
securing the Mortgage Loans in Pool 1998-9:
AGGREGATE % OF
BALANCES POOL BY
TYPE OF # OF AS OF AGGREGATE
DWELLING LOANS CUT-OFF DATE BALANCE
- -------- ----- ------------ ---------
Single-family
detatched 2,209 $681,672,068.56 90.6928%
Single-family
attched 113 $35,349,384.41 4.7030%
Condominium 93 $23,276,646.53 3.0968%
2 - 4 Family Units 32 $9,866,149.89 1.3126%
Co-op 3 $1,464,000.00 0.1948%
----- --------------- ---------
Total 2,450 $751,628,249.39 100.0000%
f) The following table sets forth information, as of the Cut-off
Date, with respect to the occupancy status of the Mortgaged
Properties securing the Mortgage Loans as represented by the
mortgagors at origination in Pool 1998-9:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
OCCUPANCY LOANS CUT-OFF DATE BALANCE
- --------- ----- ------------ ---------
Owner Occupied 2,379 $732,374,735.30 97.4384%
Vacation 48 $15,393,840.25 2.0481%
Investment 23 $3,859,673.84 0.5135%
Total 2,450 $751,628,249.39 100.0000%
6
<PAGE>
g) The following table sets forth information, as of the Cut-off
Date, with respect to the geographic distribution of the
Mortgaged Properties securing the Mortgage Loans in Pool
1998-9:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
STATE LOANS CUT-OFF DATE BALANCE
- ----- ----- ------------ ---------
Alabama 7 $2,188,926.80 0.2912%
Arizona 42 $11,481,463.92 1.5275%
Arkansas 5 $1,637,493.46 0.2179%
California 1,168 $374,104,032.76 49.7725%
Colorado 23 $7,161,302.04 0.9528%
Connecticut 41 $14,929,041.71 1.9862%
Delaware 5 $1,297,285.43 0.1726%
District Of Columbia 7 $2,127,948.62 0.2831%
Florida 33 $10,419,088.42 1.3862%
Georgia 41 $13,874,630.59 1.8459%
Hawaii 6 $1,961,384.21 0.2610%
Idaho 2 $1,447,429.64 0.1926%
Illinois 76 $23,319,973.30 3.1026%
Indiana 5 $1,611,680.11 0.2144%
Iowa 7 $2,034,812.91 0.2707%
Kansas 6 $1,963,226.49 0.2612%
Kentucky 3 $1,173,111.80 0.1561%
Louisiana 9 $2,950,671.96 0.3926%
Maine 4 $1,392,827.90 0.1853%
Maryland 69 $21,814,135.53 2.9023%
Massachusetts 127 $36,304,321.39 4.8301%
Michigan 14 $3,967,050.46 0.5278%
Minnesota 31 $9,278,930.14 1.2345%
Missouri 18 $5,813,085.11 0.7734%
Montana 2 $708,626.91 0.0943%
Nebraska 6 $1,981,572.47 0.2636%
Nevada 14 $3,810,356.46 0.5069%
New Hampshire 6 $1,687,584.27 0.2245%
New Jersey 201 $49,056,302.81 6.5267%
New Mexico 7 $1,241,904.03 0.1652%
New York 54 $17,586,412.61 2.3398%
North Carolina 21 $6,123,796.97 0.8147%
Ohio 19 $5,724,268.75 0.7616%
Oklahoma 4 $1,356,272.27 0.1804%
Oregon 14 $4,280,956.23 0.5696%
Pennsylvania 71 $22,602,417.34 3.0071%
Rhode Island 4 $1,311,764.73 0.1745%
South Carolina 7 $1,688,031.18 0.2246%
South Dakota 3 $1,199,444.47 0.1596%
Tennessee 8 $2,832,361.15 0.3768%
Texas 69 $16,837,944.74 2.2402%
7
<PAGE>
Utah 15 $3,669,561.05 0.4882%
Vermont 4 $1,483,270.93 0.1973%
Virginia 110 $34,240,923.82 4.5556%
Washington 54 $15,397,912.44 2.0486%
West Virginia 3 $909,893.36 0.1211%
Wisconsin 4 $1,388,214.75 0.1847%
Wyoming 1 $254,600.95 0.0339%
----- --------------- ---------
Total 2,450 $751,628,249.39 100.0000%
8
<PAGE>
h) The following table sets forth information, as of the Cut-off
Date, with respect to the maturity dates of the Mortgage Loans
in Pool 1998-9:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
MATURITY LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
2018 45 $11,353,270.60 1.5105%
2020 1 $133,482.50 0.0178%
2022 1 $85,793.86 0.0114%
2023 20 $5,155,220.17 0.6859%
2024 1 $232,377.80 0.0309%
2027 34 $10,501,469.36 1.3972%
2028 2,348 $724,166,635.10 96.3463%
----- --------------- ---------
Total 2,450 $751,628,249.39 100.0000%
The weighted average scheduled remaining term to maturity of the
Mortgage Loans in Pool 1998-9 calculated as of the Cut-off Date
is 356 months.
i) The following table sets forth information, as of the Cut-off
Date, with respect to the purpose of the Mortgage Loans in
Pool 1998-9:
AGGREGATE % OF
BALANCES POOL BY
PURPOSE # OF AS OF AGGREGATE
OF LOAN LOANS CUT-OFF DATE BALANCE
- ------- ----- ------------ ---------
Purchase 887 $263,156,114.63 35.0115%
Rate Term/
Refinance 1,265 $396,624,095.52 52.7686%
Cash-out Refinance 298 $91,848,039.24 12.2199%
----- --------------- ---------
Total 2,450 $751,628,249.39 100.0000%
9
<PAGE>
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENT
AND EXHIBITS.
1.1 The Underwriting Agreement dated as of March 21, 1996 and
the related Terms Agreement dated as of May 26, 1998 for
the Series 1998-9 Certificates between GE Capital Mortgage
Services, Inc. and Donaldson, Lufkin & Jenrette Securities
Corporation and the Underwriting Agreement dated as of
October 23, 1995 and the related Terms Agreement dated as
of May 26, 1998 for the Series 1998-9 Certificates between
GE Capital Mortgage Services, Inc.
and Salomon Brothers Inc.
4.1 The Pooling and Servicing Agreement for the Series 1998-9
Certificates, dated as of May 1, 1998, between GE Capital
Mortgage Services, Inc., as seller and servicer, and State
Street Bank and Trust Company, as trustee.
10
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GE Capital Mortgage Services, Inc.
By: /s/ Syed W. Ali
------------------------------
Name: Syed W. Ali
Title: Vice President
Dated as of May 28, 1998
11
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GE Capital Mortgage Services, Inc.
By:
------------------------------
Name: Syed W. Ali
Title: Vice President
Dated as of May 28, 1998
12
<PAGE>
EXHIBIT INDEX
The exhibits are being filed herewith:
- -----------------------------------------------------------------
EXHIBIT NO. DESCRIPTION PAGE
- -----------------------------------------------------------------
1.1 The Underwriting Agreement, dated as
of March 21, 1996, and the related Terms
Agreement, dated as of May 26, 1998,
for certain of the Series 1998-9
Certificates between GE Capital
Mortgage Services, Inc. and Donaldson,
Lufkin & Jenrette Securities Corporation
and the Underwriting Agreement dated
as of October 23, 1995 and the related
Terms Agreement dated as of May 26,
1998 between GE Capital Mortgage
Services, Inc. and Salomon Brothers Inc.
4.1 The Pooling and Servicing Agreement
for the Series 1998-9 Certificates, dated
as of May 1, 1998, between GE Capital
Mortgage Services, Inc., as seller and
servicer, and State Street Bank and Trust
Company, as trustee.
- -----------------------------------------------------------------
13
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
PASS-THROUGH CERTIFICATES
(Issuable in Series)
UNDERWRITING AGREEMENT
Donaldson, Lufkin & Jenrette New York, New York
Securities Corporation March 21, 1996
277 Park Avenue
New York, New York 10172
Ladies and Gentlemen:
GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"), may offer for sale to you (the "Underwriter")
from time to time its Pass-Through Certificates evidencing
interests in pools of mortgage loans (the "Certificates"). The
Certificates may be issued in various series, and within each
series, in one or more classes, in one or more offerings on terms
determined at the time of sale (each such series, a "Series" and
each such class, a "Class"). Each Series of the Certificates will
be issued under a separate Pooling and Servicing Agreement (each,
a "Pooling and Servicing Agreement") to be dated as of the
respective cut-off date (each, a "Cut-off Date") between the
Company, as seller and servicer, and State Street Bank and Trust
Company, as trustee (the "Trustee"). Capitalized terms used but
not defined herein shall have the meanings given to them in the
related Pooling and Servicing Agreement.
The Certificates issued under each Pooling and
Servicing Agreement will represent the entire beneficial
ownership interest in a trust fund (the "Trust Fund") established
by such Pooling and Servicing Agreement. The assets of each Trust
Fund will consist primarily of a pool of conventional, fixed
rate, first lien, fully amortizing, one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
original terms to maturity specified in the related Terms
Agreement referred to hereinbelow. If so specified in the related
Terms Agreement, one or more elections may be made to treat the
assets of each Trust Fund as a real estate mortgage investment
conduit (each, a "REMIC") for federal income tax purposes.
<PAGE>
Whenever the Company determines to make an offering of
Certificates (each, a "Certificate Offering") pursuant to this
Agreement through you, it will enter into an agreement with you
(the "Terms Agreement") providing for the sale of specified
Classes of Offered Certificates (as defined below) to, and the
purchase and public offering thereof by, you. Each such
Certificate Offering which the Company elects to make pursuant to
this Agreement shall be governed by this Agreement, as
supplemented by the related Terms Agreement. Each Terms
Agreement, which shall be substantially in the form of Exhibit A
hereto, shall specify, among other things, the Classes of
Certificates to be purchased by the Underwriter (the "Offered
Certificates"), the principal balance or balances of the Offered
Certificates, each subject to any stated variance, and the price
or prices at which such Offered Certificates are to be purchased
by the Underwriter from the Company.
1. Representations and Warranties. (a) The Company
represents and warrants to and agrees with the Underwriter, as of
the date of the related Terms Agreement, that:
(i) The registration statement specified
in the related Terms Agreement, on Form S-3, including
a prospectus, has been filed with the Securities and
Exchange Commission (the "Commission") for the
registration under the Securities Act of 1933, as
amended (the "Act"), of pass-through certificates
issuable in series, which registration statement has
been declared effective by the Commission. Such
registration statement, as amended to the date of the
related Terms Agreement, including any documents
incorporated by reference therein pursuant to Item 12
of Form S-3 under the Act which were filed under the
Securities Exchange Act of 1934, as amended (the
"Exchange Act"), on or before the effective date of
the Registration Statement, is hereinafter called the
"Registration Statement," and such prospectus, as such
prospectus is supplemented by a prospectus supplement
relating to the Offered Certificates of the related
Series, each in the form first filed after the date of
the related Terms Agreement pursuant to Rule 424(b)
under the Act, including any documents incorporated by
reference therein pursuant to Item 12 of Form S-3
under the Act which were filed under the Exchange Act
on or before the date of such Prospectus Supplement
(other than any such incorporated documents that
relate to Collateral Term Sheets (as defined herein))
(such prospectus supplement, including such
incorporated documents (other than those that relate
to Collateral Term Sheets), in the form first filed
after the date of the related Terms Agreement pursuant
to Rule 424(b) is
- 2 -
<PAGE>
hereinafter called the "Prospectus Supplement"), is
hereinafter called the "Prospectus". Any reference
herein to the terms "amend," "amendment" or
"supplement" with respect to the Registration
Statement, the Prospectus or the Prospectus Supplement
shall be deemed to refer to and include the filing of
any document under the Exchange Act after the
effective date of the Registration Statement or the
issue date of the Prospectus or Prospectus Supplement,
as the case may be, deemed to be incorporated therein
by reference pursuant to Item 12 of Form S-3 under the
Act.
(ii) The related Registration Statement,
at the time it became effective, and the prospectus
contained therein, and any amendments thereof and
supplements thereto filed prior to the date of the
related Terms Agreement, conformed in all material
respects to the requirements of the Act and the rules
and regulations of the Commission thereunder; on the
date of the related Terms Agreement and on each
Closing Date (as defined in Section 3 below), the
related Registration Statement and the related
Prospectus, and any amendments thereof and supplements
thereto, will conform in all material respects to the
requirements of the Act and the rules and regulations
of the Commission thereunder; such Registration
Statement, at the time it became effective, did not
contain any untrue statement of a material fact or
omit to state a material fact required to be stated
therein or necessary to make the statements therein
not misleading; such Prospectus, on the date of any
filing pursuant to Rule 424(b) and on each Closing
Date, will not include any untrue statement of a
material fact or omit to state a material fact
necessary to make the statements therein, in the light
of the circumstances under which they are made, not
misleading; and the Detailed Description referred to
in such Prospectus, on each Closing Date and the date
of any filing thereof under cover of Form 8-K, will
not include any untrue statement of a material fact or
omit to state any information which such Prospectus
states will be included in such Detailed Description;
provided, however, that the Company makes no
representations or warranties as to the information
contained in or omitted from (A) such Registration
Statement or such Prospectus (or any supplement
thereto) in reliance upon and in conformity with
written information furnished to the Company by or on
behalf of the Underwriter specifically for use in the
preparation thereof or (B) any Current Report (as
defined in Section 5(b) below), or in any amendment
thereof or supplement thereto, incorporated by
reference in such Registration Statement or such
- 3 -
<PAGE>
Prospectus (or any amendment thereof or supplement
thereto).
(iii) The Certificates of the related
Series will conform to the description thereof
contained in the related Prospectus; will each, if
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, be when issued a
"mortgage related security" as such term is defined in
Section 3(a)(41) of the Exchange Act, and will each on
the related Closing Date be duly and validly
authorized, and, when validly executed, countersigned,
issued and delivered in accordance with the related
Pooling and Servicing Agreement and sold to you as
provided herein and in the related Terms Agreement,
will each be validly issued and outstanding and
entitled to the benefits of the related Pooling and
Servicing Agreement.
(iv) Neither the issuance nor sale of the
Certificates of the related Series nor the
consummation of any other of the transactions herein
contemplated, nor the fulfillment of the terms hereof
or of the related Terms Agreement, will conflict with
any statute, order or regulation applicable to the
Company of any court, regulatory body, administrative
agency or governmental body having jurisdiction over
the Company or with any organizational document of the
Company or any instrument or any agreement under which
the Company is bound or to which it is a party.
(v) This Agreement and the related Terms
Agreement have been duly authorized, executed and
delivered by the Company.
(vi) At or prior to the related Closing
Date, the Company will have entered into the related
Pooling and Servicing Agreement and, assuming the due
authorization, execution and delivery thereof by the
Trustee, such Pooling and Servicing Agreement (on such
Closing Date) will constitute the valid and binding
agreement of the Company enforceable in accordance
with its terms, subject as to enforceability, to
bankruptcy, insolvency, reorganization or other
similar laws affecting creditors' rights and to
general principles of equity (regardless of whether
the enforceability of such Pooling and Servicing
Agreement is considered in a proceeding in equity or
at law).
2. Purchase and Sale. Subject to the execution of
the Terms Agreement for a particular Certificate Offering and
- 4 -
<PAGE>
subject to the terms and conditions and in reliance upon the
representations and warranties set forth in this Agreement and
such Terms Agreement, the Company agrees to sell to the
Underwriter, and the Underwriter agrees to purchase from the
Company, all, but not less than all, of the related Offered
Certificates at the purchase price therefor set forth in such
Terms Agreement (the "Purchase Price").
The parties hereto agree that settlement for all
securities sold pursuant to this Agreement and the applicable
Terms Agreement shall take place on the settlement date agreed
upon at the time of the related transaction and set forth as the
"Closing Date" in such Terms Agreement and not as set forth in
Rule 15c6-1(a) of the Exchange Act.
3. Delivery and Payment. Delivery of and payment for
the Offered Certificates of a Series shall be made at the offices
of Cleary, Gottlieb, Steen & Hamilton, New York, New York, at
10:00 A.M., New York City time, on the Closing Date specified in
the related Terms Agreement, which date and time may be postponed
by agreement between the Underwriter and the Company (such date
and time being herein called the "Closing Date"). Delivery of
such Offered Certificates shall be made to the Underwriter
against payment by the Underwriter of the Purchase Price thereof
to or upon the order of the Company by wire transfer in federal
or other immediately available funds or by check payable in
federal funds, as the Company shall specify no later than five
full business days prior to such Closing Date. Unless delivery is
made through the facilities of The Depository Trust Company, the
Offered Certificates shall be registered in such names and in
such authorized denominations as the Underwriter may request not
less than two full business days in advance of each Closing Date.
The Company agrees to notify the Underwriter at least
two business days before each Closing Date of the exact principal
balance evidenced by the Offered Certificates and to have such
Offered Certificates available for inspection, checking and
packaging in New York, New York, no later than 12:00 noon on the
business day prior to such Closing Date.
4. Offering by the Underwriter. It is understood that
the Underwriter proposes to offer the Offered Certificates of the
related Series for sale to the public as set forth in the related
Prospectus.
5. Agreements. The Company agrees with the
Underwriter that:
(a) The Company will cause the Prospectus as
supplemented by a Prospectus Supplement relating to the
Offered Certificates to be filed pursuant to Rule 424 under
the Act and will promptly advise the Underwriter when such
- 5 -
<PAGE>
Prospectus as so supplemented has been so filed, and prior
to the termination of the Certificate Offering to which
such Prospectus relates also will promptly advise the
Underwriter (i) when any amendment to the related
Registration Statement specifically relating to such
Offered Certificates shall have become effective or any
further supplement to such Prospectus has been filed, (ii)
of any request by the Commission for any amendment of such
Registration Statement or Prospectus or for any additional
information, (iii) of the issuance by the Commission of any
stop order suspending the effectiveness of such
Registration Statement or the institution or threatening of
any proceeding for that purpose and (iv) of the receipt by
the Company of any written notification with respect to the
suspension of the qualification of such Offered
Certificates for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose. The
Company will not file any amendment of the related
Registration Statement or supplement to the related
Prospectus (other than any amendment or supplement
specifically relating to one or more Series of pass-through
certificates other than the Series that includes the
related Offered Certificates) unless the Company has
furnished the Underwriter with a copy for its review prior
to filing. The Company will use its best efforts to prevent
the issuance of any such stop order and, if issued, to
obtain as soon as possible the withdrawal thereof.
(b) The Company will cause any Computational
Materials and any Structural Term Sheets (each as defined
in Section 8 below) with respect to the Offered
Certificates of a Series that are delivered by the
Underwriter to the Company pursuant to Section 8 to be
filed with the Commission on a Current Report on Form 8-K
(a "Current Report") pursuant to Rule 13a-11 under the
Exchange Act on the business day immediately following the
later of (i) the day on which such Computational Materials
and Structural Term Sheets are delivered to counsel for the
Company by the Underwriter prior to 10:30 a.m. and (ii) the
date on which this Agreement is executed and delivered. The
Company will cause one Collateral Term Sheet (as defined in
Section 9 below) with respect to the Offered Certificates
of a Series that is delivered by the Underwriter to the
Company in accordance with the provisions of Section 9 to
be filed with the Commission on a Current Report pursuant
to Rule 13a-11 under the Exchange Act on the business day
immediately following the day on which such Collateral Term
Sheet is delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. In addition, if at any time
prior to the availability of the related Prospectus
Supplement the Underwriter has delivered to any prospective
investor a Collateral Term Sheet that reflects, in the
reasonable
- 6 -
<PAGE>
judgment of the Underwriter and the Company, a material
change in the characteristics of the Mortgage Loans for the
related Series from those on which a Collateral Term Sheet
with respect to the related Series previously filed with
the Commission was based, the Company will cause any such
Collateral Term Sheet that is delivered by the Underwriter
to the Company in accordance with the provisions of Section
9 to be filed with the Commission on a Current Report on
the business day immediately following the day on which
such Collateral Term Sheet is delivered to counsel for the
Company by the Underwriter prior to 10:30 a.m. In each
case, the Company will promptly advise the Underwriter when
such Current Report has been so filed. Each such Current
Report shall be incorporated by reference in the related
Prospectus and the related Registration Statement.
Notwithstanding the five preceding sentences, the Company
shall have no obligation to file any materials provided by
the Underwriter pursuant to Sections 8 and 9 which, in the
reasonable determination of the Company after making
reasonable efforts to consult with the Underwriter, are not
required to be filed pursuant to the Kidder Letters or the
PSA Letter (each as defined in Section 8 below), or which
contain erroneous information or contain any untrue
statement of a material fact or, when read in conjunction
with the Prospectus and Prospectus Supplement, omit to
state a material fact required to be stated therein or
necessary to make the statements therein not misleading; it
being understood, however, that the Company shall have no
obligation to review or pass upon the accuracy or adequacy
of, or to correct, any Computational Materials, Structural
Term Sheets or Collateral Term Sheets provided by the
Underwriter to the Company pursuant to Section 8 or Section
9 hereof.
(c) If, at any time when a prospectus relating to
the Offered Certificates of a Series is required to be
delivered under the Act, any event occurs as a result of
which the related Prospectus as then amended or
supplemented would include any untrue statement of a
material fact or omit to state any material fact necessary
to make the statements therein in light of the
circumstances under which they were made not misleading, or
if it shall be necessary at any time to amend or supplement
the related Prospectus to comply with the Act or the rules
thereunder, the Company promptly will prepare and file with
the Commission, subject to paragraph (a) of this Section 5,
an amendment or supplement which will correct such
statement or omission or an amendment which will effect
such compliance; provided, however, that the Company will
not be required to file any such amendment or supplement
with respect to any Computational Materials, Structural
Term Sheets or Collateral Term Sheets incorporated by
reference in the
- 7 -
<PAGE>
Prospectus other than any amendments or supplements of such
Computational Materials or Structural Term Sheets that are
furnished to the Company by the Underwriter pursuant to
Section 8(d) hereof or any amendments or supplements of
such Collateral Term Sheets that are furnished to the
Company by the Underwriter pursuant to Section 9(d) hereof
which the Company determines to file in accordance
therewith.
(d) The Company will furnish to the Underwriter
and counsel for the Underwriter, without charge, as many
signed copies of the related Registration Statement
(including exhibits thereto) and, so long as delivery of a
prospectus by the Underwriter or dealer may be required by
the Act, as many copies of the related Prospectus and any
supplements thereto (other than exhibits to the related
Current Report) as the Underwriter may reasonably request.
(e) The Company will furnish such information,
execute such instruments and take such actions as may be
reasonably requested by the Underwriter to qualify the
Offered Certificates of a Series for sale under the laws of
such jurisdictions as the Underwriter may designate, to
maintain such qualifications in effect so long as required
for the distribution of such Offered Certificates and to
determine the legality of such Offered Certificates for
purchase by institutional investors; provided, however,
that the Company shall not be required to qualify to do
business in any jurisdiction where it is not qualified on
the date of the related Terms Agreement or to take any
action which would subject it to general or unlimited
service of process in any jurisdiction in which it is not,
on the date of the related Terms Agreement, subject to such
service of process.
(f) So long as the Offered Certificates of a
Series are outstanding, the Company will furnish to the
Underwriter copies of the annual independent public
accountants' servicing report furnished to the Trustee
pursuant to Section 3.13 of the related Pooling and
Servicing Agreement.
(g) Whether or not the transactions contemplated
hereby and by the related Terms Agreement shall be
consummated, the Company shall be responsible for the
payment of any costs and expenses for which details are
submitted, in connection with the performance of its
obligations under this Agreement and the related Terms
Agreement, including, without limitation, (a) the cost and
expenses of printing or otherwise reproducing the related
Registration Statement or Prospectus, this Agreement, the
related Terms Agreement, the related Pooling and Servicing
Agreement and the Offered Certificates, and (b) the cost of
delivering the related Offered Certificates to the office
of
- 8 -
<PAGE>
the Underwriter, insured to the satisfaction of the
Underwriter (it being understood that, except as provided
in this paragraph (f) and in Section 7 hereof, the
Underwriter will pay all its own costs and expenses,
including the fees of Brown & Wood, counsel for the
Underwriter, transfer taxes on resale of any Offered
Certificates by it, advertising expenses connected with any
offers that it may make, the fees of KPMG Peat Marwick LLP
with respect to its letters furnished pursuant to Section
6(i) of the Agreement and any letter furnished pursuant to
the last sentence of Section 6(h) hereof and any other
costs and expenses specified in the related Terms Agreement
as "Additional Expenses").
6. Conditions to the Obligations of the Underwriter.
The obligations of the Underwriter to purchase the Offered
Certificates of any Series shall be subject to the accuracy in
all material respects of the representations and warranties on
the part of the Company contained in this Agreement, as
supplemented by the related Terms Agreement, as of the respective
dates thereof and the related Closing Date, to the accuracy of
the statements of the Company made in any applicable officers'
certificates pursuant to the provisions hereof, to the
performance by the Company of its obligations under this
Agreement and such Terms Agreement and to the following
additional conditions applicable to the related Certificate
Offering:
(a) No stop order suspending the effectiveness of
the related Registration Statement shall have been issued
and no proceedings for that purpose shall have been
instituted or threatened.
(b) Cleary, Gottlieb, Steen & Hamilton, counsel
for the Company, shall have furnished to the Underwriter an
opinion, dated the related Closing Date, to the effect
that:
(i) this Agreement and the related Terms
Agreement have been duly executed and delivered by the
Company under the law of the State of New York;
(ii) the related Pooling and Servicing
Agreement has been duly executed and delivered by the
Company under the law of the State of New York and is
a legal, valid and binding agreement of the Company
enforceable against the Company in accordance with its
terms;
(iii) the Offered Certificates, when duly
executed and countersigned by the Trustee in
accordance with the related Pooling and Servicing
Agreement, will be validly issued and outstanding and
entitled to the benefits of such Pooling and Servicing
Agreement;
- 9 -
<PAGE>
(iv) the related Pooling and Servicing
Agreement is not required to be qualified under the
Trust Indenture Act of 1939, as amended, and the trust
created thereunder is not required to be registered
under the Investment Company Act of 1940, as amended;
(v) such counsel confirms that (based
solely upon telephone confirmation from a
representative of the Commission) the related
Registration Statement is effective under the Act and,
to the best of such counsel's knowledge, no stop order
with respect thereto has been issued, and no
proceeding for that purpose has been instituted or
threatened by the Commission; such Registration
Statement (except the financial statements and
schedules and other financial and statistical data
included therein and the documents incorporated by
reference therein, as to which such counsel need
express no view), at the time it became effective and
the related Prospectus (except the financial
statements and schedules and the other financial and
statistical data included therein, the documents
incorporated by reference therein and the information
included in the second sentence of the antepenultimate
paragraph, the first sentence of the penultimate
paragraph, and the last paragraph of the cover page of
such Prospectus Supplement and in the second and
fourth sentences of the first paragraph under the
heading "Plan of Distribution" therein, as to which
such counsel need express no view), as of the date of
the Prospectus Supplement appeared on their face to be
appropriately responsive in all material respects to
the requirements of the Act and the rules and
regulations thereunder; and no information has come to
the attention of such counsel that causes it to
believe that (A) such Registration Statement (except
the financial statements and schedules and the other
financial and statistical data included therein and
the documents incorporated by reference therein, as to
which such counsel need express no view) at the time
it became effective, contained an untrue statement of
a material fact or omitted to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading or (B) such
Prospectus or any amendment or supplement thereto
(except the financial statements and schedules and the
other financial and statistical data included therein,
the documents incorporated by reference therein and
the information included in the second sentence of the
antepenultimate paragraph, the first sentence of the
penultimate paragraph, and the last paragraph of the
cover page of such Prospectus Supplement and in the
second and fourth sentences of the first paragraph
- 10 -
<PAGE>
under the heading "Plan of Distribution" therein, as
to which such counsel need express no view), as of the
date of the Prospectus Supplement, or at the related
Closing Date, contained or contains an untrue
statement of a material fact or omitted or omits to
state a material fact necessary in order to make the
statements therein, in the light of the circumstances
under which they were made, not misleading;
(vi) the statements set forth under the
heading "Description of the Certificates" in the
related Prospectus, insofar as such statements purport
to summarize certain provisions of the related Pooling
and Servicing Agreement and the related Offered
Certificates, provide a fair summary of such
provisions;
(vii) the statements set forth in the
related Prospectus under the headings "Certain Legal
Aspects of the Mortgage Loans and Contracts -- The
Mortgage Loans", "Certain Federal Income Tax
Consequences" (insofar as they relate specifically to
the purchase, ownership and disposition of the related
Offered Certificates) and "ERISA Considerations"
(insofar as they relate specifically to the purchase,
ownership and disposition of such Offered
Certificates), to the extent that they constitute
matters of law or legal conclusions, provide a fair
summary of such law or conclusions;
(viii) assuming compliance with all
provisions of the related Pooling and Servicing
Agreement, for federal income tax purposes, (A) if any
election is made to treat the assets of the Trust Fund
as a REMIC: the related Trust Fund (and any specified
subgrouping therein) will qualify as a REMIC pursuant
to Section 860D of the Internal Revenue Code of 1986,
as amended (the "Code"), each Class of Certificates of
the related Series, other than the related Residual
Class or Classes, will constitute a class of "regular
interests" in the related REMIC within the meaning of
the Code, and each Class of such Certificates
specified in the related Prospectus as a Class of
Residual Certificates will constitute the "residual
interest" in the related REMIC within the meaning of
the Code; (B) if no such REMIC election is made: the
Trust Fund will be treated as a "grantor trust"; and
(ix) assuming that some or all of the
Offered Certificates of the related Series shall be
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
- 11 -
<PAGE>
statistical rating organization, each Offered
Certificate so rated will be at the time of issuance,
a "mortgage related security" as such term is defined
in Section 3(a)(41) of the Exchange Act.
Such opinion may express its reliance as to factual matters
on the representations and warranties made by, and on
certificates or other documents furnished by, officers of
the parties to this Agreement, the related Terms Agreement
or the related Pooling and Servicing Agreement. Such
opinion may assume the due authorization, execution and
delivery of the instruments and documents referred to
therein by the parties thereto other than the Company. Such
opinion may be qualified, insofar as it concerns the
enforceability of the documents referred to therein, to the
extent that such enforceability may be limited by
bankruptcy, insolvency, reorganization or other similar
laws affecting the enforcement of creditors' rights in
general and by general equity principles (regardless of
whether such enforcement is considered in a proceeding in
equity or at law). Such opinion may be further qualified as
expressing no opinion as to (x) the statements in the
related Prospectus under the heading "Certain Legal Aspects
of the Mortgage Loans and Contracts -- The Mortgage Loans"
except insofar as such statements relate to the laws of the
State of New York and the laws of the United States, and
(y) the statements in such Prospectus under the headings
"ERISA Considerations" and "Certain Federal Income Tax
Consequences" except insofar as such statements relate to
the laws of the United States. In addition, such opinion
may be qualified as an opinion only on the laws of the
State of New York and the federal laws of the United States
of America.
(c) The General Counsel for the Company shall
have furnished to the Underwriter an opinion, dated the
related Closing Date, to the effect that:
(i) The Company has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of the State of New
Jersey, with corporate power to own its properties, to
conduct its business as described in the related
Prospectus and to enter into and perform its
obligations under this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
and the Certificates of the related Series;
(ii) The Company has full power and
authority to sell and service the related Mortgage
Loans as contemplated herein and in the related
Pooling and Servicing Agreement;
- 12 -
<PAGE>
(iii) No consent, approval, authorization
or order of any court or governmental agency or body
is required for the consummation by the Company of the
transactions contemplated herein or in the related
Pooling and Servicing Agreement, except such as may be
required under the blue sky laws of any jurisdiction
and such other approvals as have been obtained;
(iv) Neither the issuance of the
Certificates of the related Series nor delivery of the
related Offered Certificates, nor the consummation of
any other of the transactions contemplated in this
Agreement, the related Terms Agreement or the related
Pooling and Servicing Agreement, nor the fulfillment
of the terms of the related Certificates, the related
Pooling and Servicing Agreement, this Agreement or the
related Terms Agreement will conflict with or violate
any term or provision of the articles of incorporation
or by-laws of the Company or any statute, order or
regulation applicable to the Company of any court,
regulatory body, administrative agency or governmental
body having jurisdiction over the Company and will not
conflict with, result in a breach or violation or the
acceleration of or constitute a default under the
terms of any indenture or other agreement or
instrument known to such counsel to which the Company
is a party or by which it is bound; and
(v) There are no actions, proceedings or
investigations pending or, to the best knowledge of
such counsel, threatened before any court,
administrative agency or other tribunal (i) asserting
the invalidity of this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
or the related Certificates, (ii) seeking to prevent
the issuance of the Certificates of the related Series
or the consummation by the Company of any of the
transactions contemplated by this Agreement, such
Terms Agreement or such Pooling and Servicing
Agreement, or (iii) which might materially and
adversely affect the performance by the Company of its
obligations under, or the validity or enforceability
of, this Agreement, such Terms Agreement, such Pooling
and Servicing Agreement or the related Certificates.
In rendering her opinion such counsel may rely as to
matters of fact, to the extent deemed proper and as stated
therein, on certificates of responsible officers of the
Company or public officials. In addition, such opinion may
be qualified as an opinion only on the laws of the State of
New Jersey.
- 13 -
<PAGE>
(d) The Underwriter shall have received from
Brown & Wood, counsel for the Underwriter, such opinion or
opinions, dated the related Closing Date, with respect to
the issuance and sale of the Certificates of the related
Series, the related Registration Statement, the related
Prospectus and such other related matters as the
Underwriter may reasonably require, and the Company shall
have furnished to such counsel such documents as the
Underwriter may reasonably request for the purpose of
enabling them to pass upon such matters.
(e) The Company shall have furnished to the
Underwriter a certificate of the Company, signed by the
President or any Vice President and the Senior Vice
President-Finance or the principal financial or accounting
officer of the Company, dated the related Closing Date, to
the effect that the signers of such certificate have
carefully examined the related Registration Statement
(excluding any Current Reports and any other documents
incorporated by reference therein), the related Prospectus,
the Detailed Description referred to in such Prospectus
(excluding any related Current Report), this Agreement and
the related Terms Agreement and that:
(i) the representations and warranties of
the Company in this Agreement are true and correct in
all material respects on and as of the related Closing
Date with the same effect as if made on such Closing
Date, and the Company has complied with all the
agreements and satisfied all the conditions on its
part to be performed or satisfied at or prior to such
Closing Date;
(ii) no stop order suspending the
effectiveness of such Registration Statement has been
issued and no proceedings for that purpose have been
instituted or, to their knowledge, threatened; and
(iii) nothing has come to their attention
that would lead them to believe that such Registration
Statement (excluding any Current Report) contains any
untrue statement of a material fact or omits to state
any material fact required to be stated therein or
necessary to make the statements therein not
misleading, that the related Prospectus (excluding any
related Current Report) contains any untrue statement
of a material fact or omits to state a material fact
required to be stated therein or necessary to make the
statements therein, in the light of the circumstances
under which they were made, not misleading, or that
the Detailed Description referred to in such
Prospectus includes any untrue statement of a material
fact or
- 14 -
<PAGE>
omits to state any information which the Prospectus
states will be included in such Detailed Description.
(f) Peabody & Arnold, counsel for the Trustee,
shall have furnished to the Underwriter an opinion, dated
the related Closing Date, to the effect that:
(i) the Trustee has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of the Commonwealth of
Massachusetts with corporate power to own its
properties and conduct its business as presently
conducted by it, to conduct business as a trustee and
to enter into and perform its obligations under the
related Pooling and Servicing Agreement;
(ii) the related Pooling and Servicing
Agreement has been duly authorized, executed and
delivered by the Trustee and constitutes the legal,
valid and binding agreement of the Trustee enforceable
against the Trustee in accordance with its terms,
subject to bankruptcy, insolvency, fraudulent
conveyance, reorganization or other similar laws
affecting the enforcement of creditors' rights
generally and to judicial discretion, and general
principles of equity (regardless of whether
enforcement is sought in a proceeding in equity or at
law);
(iii) the Trustee has duly accepted its
appointment as trustee under the related Pooling and
Servicing Agreement;
(iv) no consent, approval, authorization
or order of any Massachusetts or federal court or
government agency or body is required on the part of
the Trustee for the consummation of the transactions
contemplated in the related Pooling and Servicing
Agreement, except such as may be required under any
federal or state securities law; and
(v) the performance on the part of the
Trustee of any of the transactions contemplated in the
related Pooling and Servicing Agreement does not
conflict with or result in a breach or violation of
any term or provision of, or constitute a default
under, the Articles of Organization, as amended, or
By-Laws of the Trustee, or any Massachusetts or
federal statute or regulation applicable to the
Trustee, or to such counsel's knowledge, any indenture
or other agreement or instrument to which the Trustee
is a party or by which it is bound, or, to such
counsel's knowledge, any order of any state or federal
court, regulatory body,
- 15 -
<PAGE>
administrative agency or governmental body having
jurisdiction over the Trustee.
In addition, such counsel shall furnish to the Underwriter
such opinions as to the treatment of the Trust Fund for
purposes of Massachusetts tax law as are reasonably
satisfactory to the Underwriter.
(g) KPMG Peat Marwick LLP shall have furnished to
the Underwriter a letter, dated as of the date of the
related Terms Agreement, in form and substance satisfactory
to the Underwriter, stating in effect that they have
performed certain specified procedures as a result of which
they have determined that such information as the
Underwriter may reasonably request of an accounting,
financial or statistical nature (which is limited to
accounting, financial or statistical information derived
from the general accounting records of the Company) set
forth in the related Prospectus Supplement under the
caption "Delinquency and Foreclosure Experience of the
Company" agrees with the accounting records of the Company,
excluding any questions of legal interpretation.
(h) KPMG Peat Marwick LLP shall have furnished to
the Underwriter a letter, dated as of the related Closing
Date, in form and substance satisfactory to the
Underwriter, stating in effect that they have performed
certain specified procedures as a result of which they have
determined that such information as the Underwriter may
reasonably request of an accounting, financial or
statistical nature (which is limited to accounting,
financial or statistical information derived from the
general accounting records of the Company and which is
obtained from an analysis of a sample of the Mortgage Loans
included in the related pool) set forth in the related
Prospectus Supplement under the caption "Description of the
Mortgage Pool and the Mortgaged Properties" or "Description
of the Mortgage Pools and the Mortgaged Properties", as the
case may be, and in the Detailed Description relating to
such Prospectus Supplement is mutually consistent and
agrees with the accounting records of the Company and,
where applicable, the related Mortgage Loan files of the
Company, excluding any questions of legal interpretation.
In addition, if applicable, such accountants shall have
furnished to the Underwriter a letter, dated as of the
related Closing Date, which shall include a statement or
statements to the effect that based upon the assumptions
and methodology agreed to by the Company (and which is
consistent with the manner in which any final PAC Balances,
TAC Balances, Scheduled Balances, Maximum and Minimum
Scheduled Balances or any other scheduled balances are to
be calculated as set forth in the related Prospectus), all
of which shall be described by
- 16 -
<PAGE>
reference in such letter, such accountants shall have
verified the mathematical accuracy of any final PAC
Balances Table, TAC Balances Table, Scheduled Balances
Table, Maximum or Minimum Scheduled Balances Table or other
scheduled balances table attached as an exhibit to the
related Pooling
and Servicing Agreement.
(i) KPMG Peat Marwick LLP shall have furnished to
the Underwriter and the Company a letter or letters, dated
as of the date of the related Terms Agreement, in form and
substance satisfactory to the Underwriter and the Company,
including, without limitation, statements, if applicable,
to the effect that:
(i) based upon the assumptions and
methodology set forth in the related Prospectus, all
of which shall be described by reference in such
letter, they recomputed the percentages of initial
principal balance outstanding as of each of the
Distribution Dates (as defined in such Prospectus)
indicated and the weighted average lives of each Class
of Offered Certificates at each of the indicated
percentages of the applicable Prepayment Assumption,
and they compared the recomputed percentages and
weighted average lives to the corresponding
percentages and weighted average lives set forth in
the related tables and found them to be in agreement;
(ii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of any
Scheduled Final Distribution Dates for the Offered
Certificates, PAC Balances, TAC Balances, Scheduled
Balances, Maximum and Minimum Scheduled Balances or
any other scheduled balances set forth in such
Prospectus for each indicated Distribution Date, and
have verified the mathematical accuracy of any initial
Effective Ranges of any PAC Certificates, Scheduled
Certificates or other scheduled Certificates set forth
in such Prospectus; and
(iii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of the pre-tax
yields to maturity and, if applicable, aggregate cash
flows of any Class of Certificates for which such
pre-tax yields and, if applicable, aggregate cash
flows are set forth in such Prospectus at the
indicated percentages of the Prepayment Assumption
and, if
- 17 -
<PAGE>
applicable, at the indicated values of COFI, LIBOR or
any other index, as applicable.
(j) The Offered Certificates of the related
Series shall have received the ratings specified in the
related Terms Agreement (the "Required Ratings").
(k) Prior to the related Closing Date, the
Company shall have furnished to the Underwriter such
further information, certificates and documents as the
Underwriter may reasonably request.
(l) If any Certificates of the related Series are
to be sold to any other underwriter and/or offered in
reliance upon an exemption from the registration
requirements of the Act, the sale at or prior to the
related Closing Date of such Certificates to the purchaser
thereof shall have occurred.
(m) Subsequent to the date of the related Terms
Agreement, there shall not have been any change, or any
development involving a prospective change, in or affecting
the business or properties of the Company which the
Underwriter concludes in its judgment, after consultation
with the Company, materially impairs the investment quality
of the Offered Certificates of the related Series so as to
make it impractical or inadvisable to proceed with the
public offering or the delivery of such Offered
Certificates as contemplated by the related Prospectus.
If any of the conditions specified in this Section 6
shall not have been fulfilled in all material respects with
respect to the particular Offered Certificates of a Series when
and as provided in this Agreement and the related Terms
Agreement, or if any of the opinions and certificates mentioned
above or elsewhere in this Agreement and the related Terms
Agreement shall not be in all material respects reasonably
satisfactory in form and substance to the Underwriter and its
counsel, this Agreement (with respect to the related Offered
Certificates) and the related Terms Agreement and all obligations
of the Underwriter hereunder (with respect to the related Offered
Certificates) and thereunder may be canceled at, or at any time
prior to, the related Closing Date by the Underwriter. Notice of
such cancellation shall be given to the Company in writing, or by
telephone or telegraph confirmed in writing.
7. Indemnification and Contribution. (a) The Company
agrees to indemnify and hold harmless the Underwriter and each
person who controls the Underwriter within the meaning of the Act
or the Exchange Act against any and all losses, claims, damages
or liabilities, joint or several, to which they or any of them
may become subject under the Act, the Exchange Act, or other
- 18 -
<PAGE>
Federal or state statutory law or regulation, at common law or
otherwise, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
any untrue statement or alleged untrue statement of a material
fact contained in the Registration Statement relating to the
Offered Certificates of the applicable Series as it became
effective or in any amendment or supplement thereof, or in such
Registration Statement or the related Prospectus, or in any
amendment thereof, or in the Detailed Description referred to in
such Prospectus or arise out of or are based upon the omission or
alleged omission (in the case of any Computational Materials and
ABS Term Sheets (as defined in Section 9 below) in respect of
which the Company agrees to indemnify the Underwriter, as set
forth below, when such are read in conjunction with the related
Prospectus and Prospectus Supplement) to state therein a material
fact required to be stated therein or necessary to make the
statements therein not misleading, and agrees to reimburse each
such indemnified party for any legal or other expenses reasonably
incurred by them in connection with investigating or defending
any such loss, claim, damage, liability or action; provided,
however, that (i) the Company will not be liable in any such case
to the extent that any such loss, claim, damage or liability
arises out of or is based upon any such untrue statement or
alleged untrue statement or omission or alleged omission made
therein (A) in reliance upon and in conformity with written
information furnished to the Company as herein stated by or on
behalf of the Underwriter specifically for use in connection with
the preparation thereof or (B) in any Current Report or any
amendment or supplement thereof, except to the extent that any
untrue statement or alleged untrue statement therein or omission
therefrom results (or is alleged to have resulted) directly from
an error (a "Mortgage Pool Error") in the information concerning
the characteristics of the Mortgage Loans furnished by the
Company to the Underwriter in writing or by electronic
transmission that was used in the preparation of either (x) any
Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) included in such Current Report (or
amendment or supplement thereof) or (y) any written or electronic
materials furnished to prospective investors on which the
Computational Materials (or amendments or supplements) were
based, (ii) such indemnity with respect to any Corrected
Statement (as defined below) in such Prospectus (or supplement
thereto) shall not inure to the benefit of the Underwriter (or
any person controlling the Underwriter) from whom the person
asserting any loss, claim, damage or liability purchased the
Certificates of the related Series that are the subject thereof
if such person did not receive a copy of a supplement to such
Prospectus at or prior to the confirmation of the sale of such
Certificates and the untrue statement or omission of a material
fact contained in such Prospectus (or supplement thereto) was
corrected (a "Corrected Statement") in such other supplement and
such supplement was furnished by the Company to the Underwriter
- 19 -
<PAGE>
prior to the delivery of such confirmation, and (iii) such
indemnity with respect to any Mortgage Pool Error shall not inure
to the benefit of the Underwriter (or any person controlling the
Underwriter) from whom the person asserting any loss, claim,
damage or liability received any Computational Materials or ABS
Term Sheets (or any written or electronic materials on which the
Computational Materials are based) that were prepared on the
basis of such Mortgage Pool Error, if, prior to the time of
confirmation of the sale of the applicable Certificates to such
person, the Company notified the Underwriter in writing of the
Mortgage Pool Error or provided in written or electronic form
information superseding or correcting such Mortgage Pool Error
(in any such case, a "Corrected Mortgage Pool Error"), and the
Underwriter failed to notify such person thereof or to deliver to
such person corrected Computational Materials (or underlying
written or electronic materials) or ABS Term Sheets. This
indemnity agreement will be in addition to any liability which
the Company may otherwise have.
(b) The Underwriter agrees to indemnify and hold
harmless the Company, each of its directors, each of its officers
who signs the Registration Statement relating to the Offered
Certificates of the applicable Series, and each person who
controls the Company within the meaning of the Act or the
Exchange Act to the same extent as the foregoing indemnities from
the Company to the Underwriter, but only with reference to (A)
written information furnished to the Company by or on behalf of
the Underwriter specifically for use in the preparation of the
documents referred to in the foregoing indemnity with respect to
the related Series, or (B) any Computational Materials or ABS
Term Sheets (or amendments or supplements thereof) furnished to
the Company by the Underwriter pursuant to Section 8 or Section 9
and incorporated by reference in such Registration Statement or
the related Prospectus or any amendment or supplement thereof
(except that no such indemnity shall be available for any losses,
claims, damages or liabilities, or actions in respect thereof
resulting from any Mortgage Pool Error, other than a Corrected
Mortgage Pool Error). This indemnity agreement will be in
addition to any liability which the Underwriter may otherwise
have. The Company acknowledges that the statements set forth in
the second sentence of the ante-penultimate paragraph, the first
sentence of the penultimate paragraph, and in the last paragraph
appearing on the cover page of the related Prospectus Supplement
as such statements relate to such Offered Certificates and the
second sentence of the first paragraph under the heading "Plan of
Distribution" in such Prospectus Supplement as such statements
relate to such Offered Certificates constitute the only
information furnished in writing by or on behalf of the
Underwriter for inclusion in the related Prospectus (other than
any Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) furnished to the Company by the
- 20 -
<PAGE>
Underwriter), and the Underwriter confirms that such statements
are correct.
(c) Promptly after receipt by an indemnified party
under Section 7 of notice of the commencement of any action, such
indemnified party will, if a claim in respect thereof is to be
made against the indemnifying party under this Section 7, notify
the indemnifying party in writing of the commencement thereof;
but the omission so to notify the indemnifying party will not
relieve it from any liability which it may have to any
indemnified party otherwise than under this Section 7. In case
any such action is brought against any indemnified party, and it
notifies the indemnifying party of the commencement thereof, the
indemnifying party will be entitled to participate therein, and
to the extent that it may elect by written notice delivered to
the indemnified party promptly after receiving the aforesaid
notice from such indemnified party, to assume the defense
thereof, with counsel satisfactory to such indemnified party;
provided, however, that if the defendants in any such action
include both the indemnified party and the indemnifying party and
the indemnified party shall have reasonably concluded that there
may be legal defenses available to it and/or other indemnified
parties which are different from or additional to those available
to the indemnifying party, the indemnified party or parties shall
have the right to select separate counsel to assert such legal
defenses and to otherwise participate in the defense of such
action on behalf of such indemnified party or parties. Upon
receipt of notice from the indemnifying party to such indemnified
party of its election so to assume the defense of such action and
approval by the indemnified party of counsel, the indemnifying
party will not be liable to such indemnified party under this
Section 7 for any legal or other expenses subsequently incurred
by such indemnified party in connection with the defense thereof
unless (i) the indemnified party shall have employed separate
counsel in connection with the assertion of legal defenses in
accordance with the proviso to the next preceding sentence (it
being understood, however, that the indemnifying party shall not
be liable for the expenses of more than one separate counsel
approved by the indemnified party in the case of subparagraph (a)
or (b), representing the indemnified parties under subparagraph
(a) or (b), who are parties to such action), (ii) the
indemnifying party shall not have employed counsel satisfactory
to the indemnified party to represent the indemnified party
within a reasonable time after notice of commencement of the
action or (iii) the indemnifying party has authorized the
employment of counsel for the indemnified party at the expense of
the indemnifying party; and except that, if clause (i) or (iii)
is applicable, such liability shall be only in respect of the
counsel referred to in such clause (i) or (iii).
(d) If the indemnification provided for in paragraph
(a) or (b) of this Section 7 is due in accordance with its terms
- 21 -
<PAGE>
but is for any reason held by a court to be unavailable from the
Company or the Underwriter, on grounds of policy or otherwise, or
if the indemnified party failed to give notice under paragraph
(c) of this Section 7 in respect of a claim otherwise subject to
indemnification in accordance with paragraph (a) or (b) of this
Section 7, the Company and the Underwriter shall contribute to
the aggregate losses, claims, damages and liabilities (including
legal and other expenses reasonably incurred in connection with
investigating or defending same) to which the Company and the
Underwriter may be subject, as follows:
(i) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which do not
arise out of or are not based upon any untrue statement or
omission of a material fact in any Computational Materials
or ABS Term Sheets (or any amendments or supplements
thereof), in such proportion so that the Underwriter is
responsible for that portion represented by the difference
between the proceeds to the Company in respect of the
Offered Certificates appearing on the cover page of the
Prospectus Supplement for the related Series and the total
proceeds received by the Underwriter from the sale of such
Offered Certificates (the "Underwriting Discount"), and the
Company is responsible for the balance; provided, however,
that in no case shall the Underwriter be responsible under
this subparagraph (i) for any amount in excess of such
Underwriting Discount applicable to the Offered
Certificates purchased by the Underwriter pursuant to this
Agreement and the related Terms Agreement; and
(ii) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which arise out
of or are based upon any untrue statement or omission of a
material fact in any Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof) or in any
written or electronic materials on which the Computational
Materials are based, in such proportion as is appropriate
to reflect the relative fault of the Company on the one
hand and the Underwriter on the other in connection with
the statements or omissions which resulted in such losses,
claims, damages or liabilities (or actions in respect
thereof) as well as any other relevant equitable
considerations. The relative fault shall be determined by
reference to, among other things, whether the untrue or
alleged untrue statement of a material fact or the omission
or alleged omission to state a material fact in such
Computational Materials or ABS Term Sheets (or any
amendments or supplements thereof or such written or
electronic materials) results from information prepared by
the Company on the one hand or the Underwriter on the other
and the parties' relative intent, knowledge, access to
- 22 -
<PAGE>
information and opportunity to correct or prevent such
statement or omission.
Notwithstanding anything to the contrary in this Section 7(d), no
person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Act) shall be entitled to contribution
from any person who was not guilty of such fraudulent
misrepresentation. For purposes of this Section 7, each person
who controls the Underwriter within the meaning of either the Act
or the Exchange Act shall have the same rights to contribution as
the Underwriter, and each person who controls the Company within
the meaning of either the Act or the Exchange Act, each officer
of the Company who shall have signed the Registration Statement
and each director of the Company shall have the same rights to
contribution as the Company, subject in each case to the
immediately preceding sentence of this paragraph (d).
8. Computational Materials and Structural Term Sheets.
(a) Not later than 10:30 a.m., New York time, on the business day
before the date on which the Current Report relating to the
Offered Certificates of a Series is required to be filed by the
Company with the Commission pursuant to Section 5(b) hereof, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in such Offered Certificates which constitute (i)
"Computational Materials" within the meaning of the no-action
letter dated May 20, 1994 issued by the Division of Corporation
Finance of the Commission to Kidder, Peabody Acceptance
Corporation I, Kidder, Peabody & Co. Incorporated, and Kidder
Structured Asset Corporation and the no-action letter dated May
27, 1994 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (together, the
"Kidder Letters"), the filing of which material is a condition of
the relief granted in such letter (such materials being the
"Computational Materials"), and (ii) "Structural Term Sheets"
within the meaning of the no-action letter dated February 17,
1995 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (the "PSA
Letter"), the filing of which material is a condition of the
relief granted in such letter (such materials being the
"Structural Term Sheets"). Each delivery of Computational
Materials and Structural Term Sheets to the Company pursuant to
this paragraph (a) shall be effected by delivering four copies of
such materials to counsel for the Company on behalf of the
Company at the address specified in Section 3 hereof and one copy
of such materials to the Company.
(b) The Underwriter represents and warrants to and
agrees with the Company, as of the date of the related Terms
Agreement and as of the Closing Date, that:
- 23 -
<PAGE>
(i) the Computational Materials furnished to the
Company pursuant to Section 8(a) constitute (either in
original, aggregated or consolidated form) all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission with respect to the related Offered
Certificates in accordance with the Kidder Letters,
and such Computational Materials comply with the
requirements of the Kidder Letters;
(ii) the Structural Term Sheets furnished to the
Company pursuant to Section 8(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission as "Structural Term Sheets" with respect to
the related Offered Certificates in accordance with
the PSA Letter, and such Structural Term Sheets comply
with the requirements of the PSA Letter;
(iii) on the date any such Computational Materials
or Structural Term Sheets with respect to such Offered
Certificates (or any written or electronic materials
furnished to prospective investors on which the
Computational Materials are based) were last furnished
to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section
8(a) and on the related Closing Date, such
Computational Materials (or such other materials) or
Structural Term Sheets did not and will not include
any untrue statement of a material fact or, when read
in conjunction with the related Prospectus and
Prospectus Supplement, omit to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading;
(iv) the Underwriter has not represented to any
prospective investor that any Computational Materials
or Structural Term Sheets with respect to any Series
were prepared or disseminated on behalf of the
Company, and, from and after January 26, 1996, all
Computational Materials and Structural Term Sheets
furnished to prospective investors (and all written
and electronic materials furnished to prospective
investors on which the Computational Materials are
based) included a disclaimer to the effect set forth
in Section 8(c); and
(v) at the time any Computational Materials (or
any written or electronic materials furnished to
prospective investors on which the Computational
Materials are based) with respect to such Offered
- 24 -
<PAGE>
Certificates were furnished to a prospective investor
and on the date of the related Terms Agreement, the
Underwriter possessed, and on the date of delivery of
such materials to the Company pursuant to this Section
8 and on the related Closing Date, the Underwriter
will possess, the capability, knowledge, expertise,
resources and systems of internal control necessary to
ensure that such Computational Materials conform to
the representations and warranties of the Underwriter
contained in subparagraphs (i) and (iii) above of this
paragraph (b).
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Computational
Materials or Structural Term Sheets (or any written or electronic
materials on which the Computational Materials are based)
included or will include any untrue statement resulting directly
from any Mortgage Pool Error (except any Corrected Mortgage Pool
Error, with respect to materials prepared after the receipt by
the Underwriter from the Company of notice of such Corrected
Mortgage Pool Error or materials superseding or correcting such
Corrected Mortgage Pool Error).
(c) The Underwriter acknowledges and agrees that the
Company has not authorized and will not authorize the
distribution of any Computational Materials (or any written or
electronic materials on which the Computational Materials are
based) or Structural Term Sheets to any prospective investor, and
agrees that any Computational Materials or Structural Term Sheets
with respect to any Series of Certificates furnished to
prospective investors from and after the date hereof shall
include a disclaimer in form satisfactory to the Company to the
effect that such materials have been prepared and disseminated
solely by and on behalf of the Underwriter, and that the Company
has not reviewed or participated in the preparation or
dissemination of such materials and is not responsible for the
contents or accuracy thereof. The Underwriter agrees that it will
not represent to prospective investors that any Computational
Materials or Structural Term Sheets were prepared or disseminated
on behalf of the Company.
(d) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Computational Materials or
Structural Term Sheets provided by the Underwriter pursuant to
this Section 8 or the omission to state therein a material fact
required, when considered in conjunction with the related
Prospectus and Prospectus Supplement, to be stated therein or
necessary to make the statements therein, when read in
conjunction with the related Prospectus and Prospectus
- 25 -
<PAGE>
Supplement, not misleading, or if it shall be necessary to amend
or supplement any Current Report relating to any Computational
Materials or Structural Term Sheets to comply with the Act or the
rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading. The Company shall have no
obligation to file such amendment or supplement if the Company
determines that (i) such amendment or supplement contains any
untrue statement of a material fact or, when read in conjunction
with the related Prospectus and Prospectus Supplement, omits to
state a material fact required to be stated therein or necessary
to make the statements therein not misleading; it being
understood, however, that the Company shall have no obligation to
review or pass upon the accuracy or adequacy of, or to correct,
any such amendment or supplement provided by the Underwriter to
the Company pursuant to this paragraph (e) or (ii) such filing is
not required under the Act.
9. Collateral Term Sheets. (a) Prior to the delivery
of any "Collateral Term Sheet" within the meaning of the PSA
Letter, the filing of which material is a condition of the relief
granted in such letter (such material being the "Collateral Term
Sheets"), to a prospective investor in any Offered Certificates,
the Underwriter shall, in order to facilitate the timely filing
of such material with the Commission, notify the Company and its
counsel by telephone of its intention to deliver such materials
and the approximate date on which the first such delivery of such
materials is expected to occur. Not later than 10:30 a.m., New
York time, on the business day immediately following the date on
which any Collateral Term Sheet was first delivered to a
prospective investor in such Offered Certificates, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in such Offered Certificates which constitute
"Collateral Term Sheets." Each delivery of a Collateral Term
Sheet to the Company pursuant to this paragraph (a) shall be
effected by delivering four copies of such materials to counsel
for the Company on behalf of the Company at the address specified
in Section 3 hereof and one copy of such materials to the
Company. (Collateral Term Sheets and Structural Term Sheets are,
together, referred to herein as "ABS Term Sheets.") At the time
of each such delivery, the Underwriter shall indicate in writing
that the materials being delivered constitute Collateral Term
Sheets, and, if there has been any
- 26 -
<PAGE>
prior such delivery with respect to the related Series, shall
indicate whether such materials differ in any material respect
from any Collateral Term Sheets previously delivered to the
Company with respect to such Series pursuant to this Section 9(a)
as a result of the occurrence of a material change in the
characteristics of the related Mortgage Loans.
(b) The Underwriter represents and warrants to and
agrees with the Company as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) The Collateral Term Sheets furnished to
the Company pursuant to Section 9(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to time of delivery thereof to the
Company that are required to be filed with the Commission
as "Collateral Term Sheets" with respect to the related
Offered Certificates in accordance with the PSA Letter, and
such Collateral Term Sheets comply with the requirements of
the PSA Letter;
(ii) On the date any such Collateral Term
Sheets with respect to such Offered Certificates were last
furnished to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section 9(a)
and on the related Closing Date, such Collateral Term
Sheets did not and will not include any untrue statement of
a material fact or, when read in conjunction with the
Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to
make the statements therein not misleading; and
(iii) the Underwriter has not represented to
any prospective investor that any Collateral Term Sheets
with respect to any Series were prepared or disseminated on
behalf of the Company, and, except as otherwise disclosed
by the Underwriter to the Company in writing prior to the
date hereof, all Collateral Term Sheets previously
furnished to prospective investors included a disclaimer to
the effect set forth in Section 8(c).
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Collateral Term
Sheet included or will include any untrue statement or material
omission resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to materials
prepared after the receipt by the Underwriter from the Company of
notice of such Corrected Mortgage Pool Error or materials
superseding or correcting such Corrected Mortgage Pool Error).
(c) The Underwriter acknowledges and agrees that any
Collateral Term Sheets with respect to any Series of Certificates
- 27 -
<PAGE>
furnished to prospective investors from and after the date hereof
shall include a disclaimer in form satisfactory to the Company to
the effect set forth in Section 8(c) hereof, and to the effect
that the information contained in such materials supersedes the
information contained in any prior Collateral Term Sheet with
respect to such Series of Offered Certificates and will be
superseded by the description of the related Mortgage Loans in
the related Prospectus Supplement and in the Detailed Description
relating to such Prospectus Supplement to be filed under cover of
Form 8-K. The Underwriter agrees that it will not represent to
prospective investors that any Collateral Term Sheets were
prepared or disseminated on behalf of the Company.
(d) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Collateral Term Sheets provided by
the Underwriter pursuant to this Section 9 or the omission to
state therein a material fact required, when considered in
conjunction with the related Prospectus and Prospectus
Supplement, to be stated therein or necessary to make the
statements therein, when read in conjunction with the related
Prospectus and Prospectus Supplement, not misleading, or if it
shall be necessary to amend or supplement any Current Report
relating to any Collateral Term Sheets to comply with the Act or
the rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, that
the Underwriter makes no representation or warranty as to whether
any such amendment or supplement will include any untrue
statement resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to any such
amendment or supplement prepared after the receipt by the
Underwriter from the Company of notice of such Corrected Mortgage
Pool Error or materials superseding or correcting such Corrected
Mortgage Pool Error). The Company shall have no obligation to
file such amendment or supplement if the Company determines that
(i) such amendment or supplement contains any untrue statement of
a material fact or, when read in conjunction with the related
Prospectus and Prospectus Supplement, omits to state a material
fact required to be stated therein or necessary to make the
statements therein not misleading; it being understood, however,
that the Company shall have no obligation to review or pass upon
- 28 -
<PAGE>
the accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to
this paragraph (d) or (ii) such filing is not required under the
Act.
10. Termination. This Agreement (with respect to a
particular Certificate Offering) and the related Terms Agreement
shall be subject to termination in the absolute discretion of the
Underwriter, by notice given to the Company prior to delivery of
and payment for the related Offered Certificates, if prior to the
related Closing Date (i) trading in securities generally on the
New York Stock Exchange shall have been suspended or materially
limited, (ii) a general moratorium on commercial banking
activities in New York shall have been declared by either federal
or New York State authorities, or (iii) there shall have occurred
any outbreak or material escalation of hostilities or other
calamity or crisis the effect of which on the financial markets
of the United States is such as to make it, in the reasonable
judgment of the Underwriter, impracticable to market such Offered
Certificates.
11. Representations and Indemnities to Survive
Delivery. The agreements, representations, warranties,
indemnities and other statements of the Company or its officers
and of the Underwriter set forth in or made pursuant to this
Agreement and the related Terms Agreement will remain in full
force and effect, regardless of any investigation made by or on
behalf of the Underwriter or the Company or any of the officers,
directors or controlling persons referred to in Section 7 hereof,
and will survive delivery of and payment for the related Offered
Certificates. The provisions of Section 7 hereof shall survive
the termination or cancellation of this Agreement and the related
Terms Agreement.
12. Successors. This Agreement and the related Terms
Agreement will inure to the benefit of and be binding upon the
parties hereto and thereto and their respective successors and
the officers, directors and controlling persons referred to in
Section 7 hereof, and their successors and assigns, and no other
person will have any right or obligation hereunder or thereunder.
No purchaser of any Offered Certificate from the Underwriter
shall be deemed a successor or assign by reason of such purchase.
13. APPLICABLE LAW. THIS AGREEMENT AND THE RELATED
TERMS AGREEMENT WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS
MADE AND TO BE PERFORMED THEREIN.
14. Miscellaneous. This Agreement, as supplemented by
the related Terms Agreement, supersedes all prior and
contemporaneous agreements and understandings relating to the
subject matter hereof. This Agreement and the related Terms
- 29 -
<PAGE>
Agreement or any term of each may not be changed, waived,
discharged or terminated except by an affirmative written
agreement made by the party against whom enforcement of the
change, waiver, discharge or termination is sought. The headings
in this Agreement and the related Terms Agreement are for
purposes of reference only and shall not limit or otherwise
affect the meaning hereof or thereof.
15. Notices. All communications hereunder will be in
writing and effective only on receipt, and, if sent to the
Underwriter, will be delivered to it at the address first above
written; or if sent to the Company, will be delivered to GE
Capital Mortgage Services, Inc., Three Executive Campus, Cherry
Hill, New Jersey 08002, Attention: General Counsel.
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Company and the Underwriter.
Very truly yours,
GE CAPITAL MORTGAGE SERVICES, INC.
By:
Name:
Title:
The foregoing Agreement is hereby confirmed and accepted as of
the date first above written.
DONALDSON, LUFKIN & JENRETTE
SECURITIES CORPORATION
By:
Name:
Title:
- 31 -
<PAGE>
EXHIBIT A
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES ____-__
TERMS AGREEMENT
(to Underwriting Agreement,
dated March [ ], 1996
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08034
Donaldson, Lufkin & Jenrette Securities Corporation
(the "Underwriter") agrees, subject to the terms and provisions
herein and of the captioned Underwriting Agreement (the
"Underwriting Agreement"), to purchase such Classes of Series
____-__ Certificates specified in Section 2(a) hereof (the
"Offered Certificates"). This letter supplements and modifies the
Underwriting Agreement solely as it relates to the purchase and
sale of the Offered Certificates described below. The Series
____-__ Certificates are registered with the Securities and
Exchange Commission by means of an effective Registration
Statement (No. 33-___). Capitalized terms used and not defined
herein have the meanings given them in the Underwriting
Agreement.
Section 1. The Mortgage Pool: The Series ____-__
Certificates shall evidence the entire beneficial ownership
interest in a mortgage pool (the "Mortgage Pool") of
conventional, fixed rate, fully amortizing one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
following characteristics as of ________ __, ____ (the "Cut-off
Date"):
(a) Aggregate Principal Amount of the Mortgage Pool:
$[ ] aggregate principal balance as of the Cutoff Date,
subject to [an upward or downward variance of up to [ ]%,
the precise aggregate principal balance to be determined by
the Company][a permitted variance such that the aggregate
Scheduled Principal Balance thereof will be not less than
$[ ] or greater than $[ ]].
(b) Original Terms to Maturity: The original term to
maturity of each Mortgage Loan included in the Mortgage Pool
shall be between ___ and ___ years.
A-1
<PAGE>
Section 2. The Certificates: The Offered
Certificates shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the
variance referred to in Section 1(a)[and, as to any
particular Class, to an upward or downward variance of up
to [ ]%]:
Principal Interest Class Purchase
Class Balance Rate Price Percentage
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each
Class of the Offered Certificates shall be the Class Purchase
Price Percentage therefor (as set forth in Section 2(a) above) of
the initial Class Certificates Principal Balance thereof plus
accrued interest at the rate of [ ]% per annum from and including
the Cut-off Date up to, but not including, _________ __, ____
(the "Closing Date").
Section 4. Required Ratings: The Offered
Certificates shall have received Required Ratings of at least
[ ] from [ ].
Section 5. Tax Treatment: [One or more elections
will be made to treat the assets of the Trust Fund as a REMIC.]
[The Trust Fund will be treated as a "grantor trust" for federal
income tax purposes.]
[Section 6. Additional Expenses:]*
- --------
* to be inserted if applicable.
A-2
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
DONALDSON, LUFKIN & JENRETTE
SECURITIES CORPORATION
By:
Name:
Title:
The foregoing Agreement is hereby confirmed and accepted as of
the date first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:
Name:
Title:
A-3
Execution
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1998-9
TERMS AGREEMENT
---------------
(to Underwriting Agreement,
dated March 21, 1996,
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus May 26, 1998
Cherry Hill, NJ 08002
Donaldson, Lufkin & Jenrette Securities Corporation
(the "Underwriter") agrees, subject to the terms and provisions
herein and of the captioned Underwriting Agreement (the
"Underwriting Agreement"), to purchase the Classes of Series
1998-9 Certificates specified in Section 2(a) hereof (the
"Offered Certificates"). This Terms Agreement supplements and
modifies the Underwriting Agreement solely as it relates to the
purchase and sale of the Offered Certificates described below.
The Series 1998-9 Certificates are registered with the Securities
and Exchange Commission by means of an effective Registration
Statement (No. 333-43755). Capitalized terms used and not defined
herein have the meanings given them in the Underwriting
Agreement.
Section 1. The Mortgage Pool: The Series 1998-9
Certificates shall evidence the entire beneficial ownership
interest in a mortgage pool (the "Mortgage Pool") of
conventional, fixed-rate, first-lien, fully-amortizing, one- to
four-family residential mortgage loans (the "Mortgage Loans")
having the following characteristics as of May 1, 1998 (the
"Cut-off Date"):
(a) Aggregate Principal Amount of the Mortgage Pool:
$751,628,249.39 aggregate principal balance as of the Cut-off
Date, subject to a permitted variance such that the aggregate
original Certificate Principal Balance will be not less than
$712,500,000 or greater than $787,500,000.
(b) Original Terms to Maturity: The original term to
maturity of substantially all of the Mortgage Loans included in
the Mortgage Pool shall be between 20 and 30 years.
Section 2. The Certificates: The Offered Certificates
shall be issued as follows:
<PAGE>
(a) Classes: The Offered Certificates shall be issued with
the following Class designations, interest rates and principal
balances, subject in the aggregate to the variance referred to in
Section 1(a):
Class
Principal Interest Purchase Price
Class Balance Rate Percentage
- ----- ------- ---- ----------
Class A1 $48,871,886 6.50% 99.03125%
Class A2 54,638,720 6.50% 99.03125%
Class A3 203,020,714 7.00% 99.03125%
Class A4 7,889,139 0.00% 99.03125%
Class A5 18,949,394 6.75% 99.03125%
Class A6 14,087,291 (2) 99.03125%
Class A7 4,986,000 7.00% 99.03125%
Class A8 51,175,000 6.75% 99.03125%
Class A9 (1) 6.75% 99.03125%
Class A10 164,000,383 6.75% 99.03125%
Class A11 20,252,000 6.75% 99.03125%
Class A12 22,880,000 6.75% 99.03125%
Class A13 23,196,750 6.75% 99.03125%
Class A14 5,000,000 7.00% 99.03125%
Class A15 33,000,000 6.50% 99.03125%
Class A16 3,652,261 (2) 99.03125%
Class A17 22,394,100 6.75% 99.03125%
Class A18 9,880,000 6.75% 99.03125%
Class A19 12,872,248 6.75% 99.03125%
Class R 100 6.75% 99.03125%
Class RL 100 6.75% 99.03125%
- ----------------------
(1) The Class A9 Certificates are issued with an initial Notional
Principal Balance of $5,055,948.
(2) Interest will accrue on the Class A6 and Class A16
Certificates at the respective rates described in the
Prospectus.
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each
Class of the Offered Certificates shall be the Class Purchase
Price Percentage therefor (as set forth in Section 2(a) above) of
the initial Class Certificate Principal Balance thereof plus
accrued interest at the initial interest rate per annum from and
including the Cut-off Date up to, but not including, May 28, 1998
(the "Closing Date").
2
<PAGE>
Section 4. Required Ratings: The Offered Certificates,
other than the Class A4, Class A9 and Class A16 Certificates,
shall have received Required Ratings of at least "AAA" from Fitch
IBCA, Inc. ("Fitch") and Standard & Poor's Rating Services, a
division of The McGraw-Hill Companies, Inc. ("S&P"),
respectively. The Class A4, Class A9 and Class A16 Certificates
shall have received Required Ratings of at least "AAA" by Fitch
and "AAAr" by S&P.
Section 5. Tax Treatment: One or more elections will be
made to treat the assets of the Trust Fund as a REMIC.
Section 6. Additional Expenses. The Underwriter will pay
all expenses (e.g., shipping, postage and courier costs)
associated with the delivery of the Prospectus to prospective
investors and investors, other than the costs of delivery to the
Underwriter's facilities, provided, that if courier services
(other than overnight delivery services utilized in the ordinary
course of business) are required to ensure that the Prospectus is
delivered to investors on the day immediately preceding the
Closing Date, the Company will pay such courier expenses.
3
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
DONALDSON, LUFKIN & JENRETTE
SECURITIES CORPORATION
By:_______________________________
Name:
Title:
The foregoing Agreement is
hereby confirmed and accepted
as of the date hereof.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
PASS-THROUGH CERTIFICATES
(Issuable in Series)
UNDERWRITING AGREEMENT
Salomon Brothers Inc New York, New York
Seven World Trade Center October 23, 1995
New York, New York 10048
Ladies and Gentlemen:
GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"), may offer for sale to you (the "Underwriter")
from time to time its Pass-Through Certificates evidencing
interests in pools of mortgage loans (the "Certificates"). The
Certificates may be issued in various series, and within each
series, in one or more classes, in one or more offerings on terms
determined at the time of sale (each such series, a "Series" and
each such class, a "Class"). Each Series of the Certificates will
be issued under a separate Pooling and Servicing Agreement (each,
a "Pooling and Servicing Agreement") to be dated as of the
respective cut-off date (each, a "Cut-off Date") between the
Company, as seller and servicer, and State Street Bank and Trust
Company, as trustee (the "Trustee"). Capitalized terms used but
not defined herein shall have the meanings given to them in the
related Pooling and Servicing Agreement.
The Certificates issued under each Pooling and
Servicing Agreement will represent the entire beneficial
ownership interest in a trust fund (the "Trust Fund") established
by such Pooling and Servicing Agreement. The assets of each Trust
Fund will consist primarily of a pool of conventional, fixed
rate, first lien, fully amortizing, one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
original terms to maturity specified in the related Terms
Agreement referred to hereinbelow. If so specified in the related
Terms Agreement, one or more elections may be made to treat the
assets of each Trust Fund as a real estate mortgage investment
conduit (each, a "REMIC") for federal income tax purposes.
<PAGE>
Whenever the Company determines to make an offering of
Certificates (each, a "Certificate Offering") pursuant to this
Agreement through you, it will enter into an agreement with you
(the "Terms Agreement") providing for the sale of specified
Classes of Offered Certificates (as defined below) to, and the
purchase and public offering thereof by, you. Each such
Certificate Offering which the Company elects to make pursuant to
this Agreement shall be governed by this Agreement, as
supplemented by the related Terms Agreement. Each Terms
Agreement, which shall be substantially in the form of Exhibit A
hereto, shall specify, among other things, the Classes of
Certificates to be purchased by the Underwriter (the "Offered
Certificates"), the principal balance or balances of the Offered
Certificates, each subject to any stated variance, and the price
or prices at which such Offered Certificates are to be purchased
by the Underwriter from the Company.
1. Representations and Warranties. (a) The Company
represents and warrants to and agrees with the Underwriter, as of
the date of the related Terms Agreement, that:
(i) The registration statement specified
in the related Terms Agreement, on Form S-3, including
a prospectus, has been filed with the Securities and
Exchange Commission (the "Commission") for the
registration under the Securities Act of 1933, as
amended (the "Act"), of pass-through certificates
issuable in series, which registration statement has
been declared effective by the Commission. Such
registration statement, as amended to the date of the
related Terms Agreement, including any documents
incorporated by reference therein pursuant to Item 12
of Form S-3 under the Act which were filed under the
Securities Exchange Act of 1934, as amended (the
"Exchange Act"), on or before the effective date of
the Registration Statement, is hereinafter called the
"Registration Statement," and such prospectus, as such
prospectus is supplemented by a prospectus supplement
relating to the Offered Certificates of the related
Series, each in the form first filed after the date of
the related Terms Agreement pursuant to Rule 424(b)
under the Act, including any documents incorporated by
reference therein pursuant to Item 12 of Form S-3
under the Act which were filed under the Exchange Act
on or before the date of such Prospectus Supplement
(other than any such incorporated documents that
relate to Collateral Term Sheets (as defined
herein))(such prospectus supplement, including such
incorporated documents (other than those that relate
to Collateral Term Sheets), in the form first filed
after the date of the related Terms Agreement pursuant
to Rule 424(b) is hereinafter called the "Prospectus
Supplement"), is
- 2 -
<PAGE>
hereinafter called the "Prospectus". Any reference
herein to the terms "amend," "amendment" or
"supplement" with respect to the Registration
Statement, the Prospectus or the Prospectus Supplement
shall be deemed to refer to and include the filing of
any document under the Exchange Act after the
effective date of the Registration Statement or the
issue date of the Prospectus or Prospectus Supplement,
as the case may be, deemed to be incorporated therein
by reference pursuant to Item 12 of Form S-3 under the
Act.
(ii) The related Registration Statement,
at the time it became effective, and the prospectus
contained therein, and any amendments thereof and
supplements thereto filed prior to the date of the
related Terms Agreement, conformed in all material
respects to the requirements of the Act and the rules
and regulations of the Commission thereunder; on the
date of the related Terms Agreement and on each
Closing Date (as defined in Section 3 below), the
related Registration Statement and the related
Prospectus, and any amendments thereof and supplements
thereto, will conform in all material respects to the
requirements of the Act and the rules and regulations
of the Commission thereunder; such Registration
Statement, at the time it became effective, did not
contain any untrue statement of a material fact or
omit to state a material fact required to be stated
therein or necessary to make the statements therein
not misleading; such Prospectus, on the date of any
filing pursuant to Rule 424(b) and on each Closing
Date, will not include any untrue statement of a
material fact or omit to state a material fact
necessary to make the statements therein, in the light
of the circumstances under which they are made, not
misleading; and the Detailed Description referred to
in such Prospectus, on each Closing Date and the date
of any filing thereof under cover of Form 8-K, will
not include any untrue statement of a material fact or
omit to state any information which such Prospectus
states will be included in such Detailed Description;
provided, however, that the Company makes no
representations or warranties as to the information
contained in or omitted from (A) such Registration
Statement or such Prospectus (or any supplement
thereto) in reliance upon and in conformity with
written information furnished to the Company by or on
behalf of the Underwriter specifically for use in the
preparation thereof or (B) any Current Report (as
defined in Section 5(b) below), or in any amendment
thereof or supplement thereto, incorporated by
reference in such Registration Statement or such
- 3 -
<PAGE>
Prospectus (or any amendment thereof or supplement
thereto).
(iii) The Certificates of the related
Series will conform to the description thereof
contained in the related Prospectus; will each, if
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, be when issued a
"mortgage related security" as such term is defined in
Section 3(a)(41) of the Exchange Act, and will each on
the related Closing Date be duly and validly
authorized, and, when validly executed, countersigned,
issued and delivered in accordance with the related
Pooling and Servicing Agreement and sold to you as
provided herein and in the related Terms Agreement,
will each be validly issued and outstanding and
entitled to the benefits of the related Pooling and
Servicing Agreement.
(iv) Neither the issuance nor sale of the
Certificates of the related Series nor the
consummation of any other of the transactions herein
contemplated, nor the fulfillment of the terms hereof
or of the related Terms Agreement, will conflict with
any statute, order or regulation applicable to the
Company of any court, regulatory body, administrative
agency or governmental body having jurisdiction over
the Company or with any organizational document of the
Company or any instrument or any agreement under which
the Company is bound or to which it is a party.
(v) This Agreement and the related Terms
Agreement have been duly authorized, executed and
delivered by the Company.
(vi) At or prior to the related Closing
Date, the Company will have entered into the related
Pooling and Servicing Agreement and, assuming the due
authorization, execution and delivery thereof by the
Trustee, such Pooling and Servicing Agreement (on such
Closing Date) will constitute the valid and binding
agreement of the Company enforceable in accordance
with its terms, subject as to enforceability, to
bankruptcy, insolvency, reorganization or other
similar laws affecting creditors' rights and to
general principles of equity (regardless of whether
the enforceability of such Pooling and Servicing
Agreement is considered in a proceeding in equity or
at law).
2. Purchase and Sale. Subject to the execution of
the Terms Agreement for a particular Certificate Offering and
- 4 -
<PAGE>
subject to the terms and conditions and in reliance upon the
representations and warranties set forth in this Agreement and
such Terms Agreement, the Company agrees to sell to the
Underwriter, and the Underwriter agrees to purchase from the
Company, all, but not less than all, of the related Offered
Certificates at the purchase price therefor set forth in such
Terms Agreement (the "Purchase Price").
The parties hereto agree that settlement for all
securities sold pursuant to this Agreement and the applicable
Terms Agreement shall take place on the settlement date agreed
upon at the time of the related transaction and set forth as the
"Closing Date" in such Terms Agreement and not as set forth in
Rule 15c6-1(a) of the Exchange Act.
3. Delivery and Payment. Delivery of and payment for
the Offered Certificates of a Series shall be made at the offices
of Cleary, Gottlieb, Steen & Hamilton, New York, New York, at
10:00 A.M., New York City time, on the Closing Date specified in
the related Terms Agreement, which date and time may be postponed
by agreement between the Underwriter and the Company (such date
and time being herein called the "Closing Date"). Delivery of
such Offered Certificates shall be made to the Underwriter
against payment by the Underwriter of the Purchase Price thereof
to or upon the order of the Company by wire transfer in federal
or other immediately available funds or by check payable in
federal funds, as the Company shall specify no later than five
full business days prior to such Closing Date. Unless delivery is
made through the facilities of The Depository Trust Company, the
Offered Certificates shall be registered in such names and in
such authorized denominations as the Underwriter may request not
less than two full business days in advance of each Closing Date.
The Company agrees to notify the Underwriter at least
two business days before each Closing Date of the exact principal
balance evidenced by the Offered Certificates and to have such
Offered Certificates available for inspection, checking and
packaging in New York, New York, no later than 12:00 noon on the
business day prior to such Closing Date.
4. Offering by the Underwriter. It is understood that
the Underwriter proposes to offer the Offered Certificates of the
related Series for sale to the public as set forth in the related
Prospectus.
5. Agreements. The Company agrees with the
Underwriter that:
(a) The Company will cause the Prospectus as
supplemented by a Prospectus Supplement relating to the
Offered Certificates to be filed pursuant to Rule 424 under
the Act and will promptly advise the Underwriter when such
- 5 -
<PAGE>
Prospectus as so supplemented has been so filed, and prior
to the termination of the Certificate Offering to which
such Prospectus relates also will promptly advise the
Underwriter (i) when any amendment to the related
Registration Statement specifically relating to such
Offered Certificates shall have become effective or any
further supplement to such Prospectus has been filed, (ii)
of any request by the Commission for any amendment of such
Registration Statement or Prospectus or for any additional
information, (iii) of the issuance by the Commission of any
stop order suspending the effectiveness of such
Registration Statement or the institution or threatening of
any proceeding for that purpose and (iv) of the receipt by
the Company of any written notification with respect to the
suspension of the qualification of such Offered
Certificates for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose. The
Company will not file any amendment of the related
Registration Statement or supplement to the related
Prospectus (other than any amendment or supplement
specifically relating to one or more Series of pass-through
certificates other than the Series that includes the
related Offered Certificates) unless the Company has
furnished the Underwriter with a copy for its review prior
to filing. The Company will use its best efforts to prevent
the issuance of any such stop order and, if issued, to
obtain as soon as possible the withdrawal thereof.
(b) The Company will cause any Computational
Materials and any Structural Term Sheets (each as defined
in Section 8 below) with respect to the Offered
Certificates of a Series that are delivered by the
Underwriter to the Company pursuant to Section 8 to be
filed with the Commission on a Current Report on Form 8-K
(a "Current Report") pursuant to Rule 13a-11 under the
Exchange Act on the business day immediately following the
later of (i) the day on which such Computational Materials
and Structural Term Sheets are delivered to counsel for the
Company by the Underwriter prior to 10:30 a.m. and (ii) the
date on which this Agreement is executed and delivered. The
Company will cause one Collateral Term Sheet (as defined in
Section 9 below) with respect to the Offered Certificates
of a Series that is delivered by the Underwriter to the
Company in accordance with the provisions of Section 9 to
be filed with the Commission on a Current Report pursuant
to Rule 13a-11 under the Exchange Act on the business day
immediately following the day on which such Collateral Term
Sheet is delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. In addition, if at any time
prior to the availability of the related Prospectus
Supplement the Underwriter has delivered to any prospective
investor a Collateral Term Sheet that reflects, in the
reasonable
- 6 -
<PAGE>
judgment of the Underwriter and the Company, a material
change in the characteristics of the Mortgage Loans for the
related Series from those on which a Collateral Term Sheet
with respect to the related Series previously filed with
the Commission was based, the Company will cause any such
Collateral Term Sheet that is delivered by the Underwriter
to the Company in accordance with the provisions of Section
9 to be filed with the Commission on a Current Report on
the business day immediately following the day on which
such Collateral Term Sheet is delivered to counsel for the
Company by the Underwriter prior to 10:30 a.m. In each
case, the Company will promptly advise the Underwriter when
such Current Report has been so filed. Each such Current
Report shall be incorporated by reference in the related
Prospectus and the related Registration Statement.
Notwithstanding the five preceding sentences, the Company
shall have no obligation to file any materials provided by
the Underwriter pursuant to Sections 8 and 9 which, in the
reasonable determination of the Company after making
reasonable efforts to consult with the Underwriter, are not
required to be filed pursuant to the Kidder Letters or the
PSA Letter (each as defined in Section 8 below), or which
contain erroneous information or contain any untrue
statement of a material fact or, when read in conjunction
with the Prospectus and Prospectus Supplement, omit to
state a material fact required to be stated therein or
necessary to make the statements therein not misleading; it
being understood, however, that the Company shall have no
obligation to review or pass upon the accuracy or adequacy
of, or to correct, any Computational Materials, Structural
Term Sheets or Collateral Term Sheets provided by the
Underwriter to the Company pursuant to Section 8 or Section
9 hereof.
(c) If, at any time when a prospectus relating to
the Offered Certificates of a Series is required to be
delivered under the Act, any event occurs as a result of
which the related Prospectus as then amended or
supplemented would include any untrue statement of a
material fact or omit to state any material fact necessary
to make the statements therein in light of the
circumstances under which they were made not misleading, or
if it shall be necessary at any time to amend or supplement
the related Prospectus to comply with the Act or the rules
thereunder, the Company promptly will prepare and file with
the Commission, subject to paragraph (a) of this Section 5,
an amendment or supplement which will correct such
statement or omission or an amendment which will effect
such compliance; provided, however, that the Company will
not be required to file any such amendment or supplement
with respect to any Computational Materials, Structural
Term Sheets or Collateral Term Sheets incorporated by
reference in the
- 7 -
<PAGE>
Prospectus other than any amendments or supplements of such
Computational Materials or Structural Term Sheets that are
furnished to the Company by the Underwriter pursuant to
Section 8(e) hereof or any amendments or supplements of
such Collateral Term Sheets that are furnished to the
Company by the Underwriter pursuant to Section 9(d) hereof
which the Company determines to file in accordance
therewith.
(d) The Company will furnish to the Underwriter
and counsel for the Underwriter, without charge, as many
signed copies of the related Registration Statement
(including exhibits thereto) and, so long as delivery of a
prospectus by the Underwriter or dealer may be required by
the Act, as many copies of the related Prospectus and any
supplements thereto (other than exhibits to the related
Current Report) as the Underwriter may reasonably request.
(e) The Company will furnish such information,
execute such instruments and take such actions as may be
reasonably requested by the Underwriter to qualify the
Offered Certificates of a Series for sale under the laws of
such jurisdictions as the Underwriter may designate, to
maintain such qualifications in effect so long as required
for the distribution of such Offered Certificates and to
determine the legality of such Offered Certificates for
purchase by institutional investors; provided, however,
that the Company shall not be required to qualify to do
business in any jurisdiction where it is not qualified on
the date of the related Terms Agreement or to take any
action which would subject it to general or unlimited
service of process in any jurisdiction in which it is not,
on the date of the related Terms Agreement, subject to such
service of process.
(f) So long as the Offered Certificates of a
Series are outstanding, the Company will furnish to the
Underwriter copies of the annual independent public
accountants' servicing report furnished to the Trustee
pursuant to Section 3.13 of the related Pooling and
Servicing Agreement.
(g) Whether or not the transactions contemplated
hereby and by the related Terms Agreement shall be
consummated, the Company shall be responsible for the
payment of any costs and expenses for which details are
submitted, in connection with the performance of its
obligations under this Agreement and the related Terms
Agreement, including, without limitation, (a) the cost and
expenses of printing or otherwise reproducing the related
Registration Statement or Prospectus, this Agreement, the
related Terms Agreement, the related Pooling and Servicing
Agreement and the Offered Certificates, and (b) the cost of
delivering the related Offered Certificates to the office
of
- 8 -
<PAGE>
the Underwriter, insured to the satisfaction of the
Underwriter (it being understood that, except as provided
in this paragraph (f) and in Section 7 hereof, the
Underwriter will pay all its own costs and expenses,
including the fees of Brown & Wood, counsel for the
Underwriter, transfer taxes on resale of any Offered
Certificates by it, advertising expenses connected with any
offers that it may make, the fees of KPMG Peat Marwick with
respect to its letters furnished pursuant to Section 6(i)
of the Agreement and any letter furnished pursuant to the
last sentence of Section 6(h) hereof, the fees of any firm
of public accountants selected by the Underwriter with
respect to their letter furnished pursuant to Section 8(c)
of the Agreement and any other costs and expenses specified
in the related Terms Agreement as "Additional Expenses").
6. Conditions to the Obligations of the Underwriter.
The obligations of the Underwriter to purchase the Offered
Certificates of any Series shall be subject to the accuracy in
all material respects of the representations and warranties on
the part of the Company contained in this Agreement, as
supplemented by the related Terms Agreement, as of the respective
dates thereof and the related Closing Date, to the accuracy of
the statements of the Company made in any applicable officers'
certificates pursuant to the provisions hereof, to the
performance by the Company of its obligations under this
Agreement and such Terms Agreement and to the following
additional conditions applicable to the related Certificate
Offering:
(a) No stop order suspending the effectiveness of
the related Registration Statement shall have been issued
and no proceedings for that purpose shall have been
instituted or threatened.
(b) Cleary, Gottlieb, Steen & Hamilton, counsel
for the Company, shall have furnished to the Underwriter an
opinion, dated the related Closing Date, to the effect
that:
(i) this Agreement and the related Terms
Agreement have been duly executed and delivered by the
Company under the law of the State of New York;
(ii) the related Pooling and Servicing
Agreement has been duly executed and delivered by the
Company under the law of the State of New York and is
a legal, valid and binding agreement of the Company
enforceable against the Company in accordance with its
terms;
(iii) the Offered Certificates, when duly
executed and countersigned by the Trustee in accordance
- 9 -
<PAGE>
with the related Pooling and Servicing Agreement, will
be validly issued and outstanding and entitled to the
benefits of such Pooling and Servicing Agreement;
(iv) the related Pooling and Servicing
Agreement is not required to be qualified under the
Trust Indenture Act of 1939, as amended, and the trust
created thereunder is not required to be registered
under the Investment Company Act of 1940, as amended;
(v) such counsel confirms that (based
solely upon telephone confirmation from a
representative of the Commission) the related
Registration Statement is effective under the Act and,
to the best of such counsel's knowledge, no stop order
with respect thereto has been issued, and no
proceeding for that purpose has been instituted or
threatened by the Commission; such Registration
Statement (except the financial statements and
schedules and other financial and statistical data
included therein and the documents incorporated by
reference therein, as to which such counsel need
express no view), at the time it became effective and
the related Prospectus (except the financial
statements and schedules and the other financial and
statistical data included therein, the documents
incorporated by reference therein and the information
included in the second sentence of the antepenultimate
paragraph, the first sentence of the penultimate
paragraph, and the last paragraph of the cover page of
such Prospectus Supplement and in the second and
fourth sentences of the first paragraph under the
heading "Plan of Distribution" therein, as to which
such counsel need express no view), as of the date of
the Prospectus Supplement appeared on their face to be
appropriately responsive in all material respects to
the requirements of the Act and the rules and
regulations thereunder; and no information has come to
the attention of such counsel that causes it to
believe that (A) such Registration Statement (except
the financial statements and schedules and the other
financial and statistical data included therein and
the documents incorporated by reference therein, as to
which such counsel need express no view) at the time
it became effective, contained an untrue statement of
a material fact or omitted to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading or (B) such
Prospectus or any amendment or supplement thereto
(except the financial statements and schedules and the
other financial and statistical data included therein,
the documents incorporated by reference therein and
the information included in the second sentence of the
- 10 -
<PAGE>
antepenultimate paragraph, the first sentence of the
penultimate paragraph, and the last paragraph of the
cover page of such Prospectus Supplement and in the
second and fourth sentences of the first paragraph
under the heading "Plan of Distribution" therein, as
to which such counsel need express no view), as of the
date of the Prospectus Supplement, or at the related
Closing Date, contained or contains an untrue
statement of a material fact or omitted or omits to
state a material fact necessary in order to make the
statements therein, in the light of the circumstances
under which they were made, not misleading;
(vi) the statements set forth under the
heading "Description of the Certificates" in the
related Prospectus, insofar as such statements purport
to summarize certain provisions of the related Pooling
and Servicing Agreement and the related Offered
Certificates, provide a fair summary of such
provisions;
(vii) the statements set forth in in the
related Prospectus under the headings "Certain Legal
Aspects of the Mortgage Loans and Contracts -- The
Mortgage Loans", "Certain Federal Income Tax
Consequences" (insofar as they relate specifically to
the purchase, ownership and disposition of the related
Offered Certificates) and "ERISA Considerations"
(insofar as they relate specifically to the purchase,
ownership and disposition of such Offered
Certificates), to the extent that they constitute
matters of law or legal conclusions, provide a fair
summary of such law or conclusions;
(viii) assuming compliance with all
provisions of the related Pooling and Servicing
Agreement, for federal income tax purposes, (A) if any
election is made to treat the assets of the Trust Fund
as a REMIC: the related Trust Fund (and any specified
subgrouping therein) will qualify as a REMIC pursuant
to Section 860D of the Internal Revenue Code of 1986,
as amended (the "Code"), each Class of Certificates of
the related Series, other than the related Residual
Class or Classes, will constitute a class of "regular
interests" in the related REMIC within the meaning of
the Code, and each Class of such Certificates
specified in the related Prospectus as a Class of
Residual Certificates will constitute the "residual
interest" in the related REMIC within the meaning of
the Code; (B) if no such REMIC election is made: the
Trust Fund will be treated as a "grantor trust"; and
- 11 -
<PAGE>
(ix) assuming that some or all of the
Offered Certificates of the related Series shall be
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, each Offered
Certificate so rated will be at the time of issuance,
a "mortgage related security" as such term is defined
in Section 3(a)(41) of the Exchange Act.
Such opinion may express its reliance as to factual matters
on the representations and warranties made by, and on
certificates or other documents furnished by, officers of
the parties to this Agreement, the related Terms Agreement
or the related Pooling and Servicing Agreement. Such
opinion may assume the due authorization, execution and
delivery of the instruments and documents referred to
therein by the parties thereto other than the Company. Such
opinion may be qualified, insofar as it concerns the
enforceability of the documents referred to therein, to the
extent that such enforceability may be limited by
bankruptcy, insolvency, reorganization or other similar
laws affecting the enforcement of creditors' rights in
general and by general equity principles (regardless of
whether such enforcement is considered in a proceeding in
equity or at law). Such opinion may be further qualified as
expressing no opinion as to (x) the statements in the
related Prospectus under the heading "Certain Legal Aspects
of the Mortgage Loans and Contracts -- The Mortgage Loans"
except insofar as such statements relate to the laws of the
State of New York and the laws of the United States, and
(y) the statements in such Prospectus under the headings
"ERISA Considerations" and "Certain Federal Income Tax
Consequences" except insofar as such statements relate to
the laws of the United States. In addition, such opinion
may be qualified as an opinion only on the law of the State
of New York and the federal law of the United States of
America.
(c) The General Counsel for the Company shall
have furnished to the Underwriter an opinion, dated the
related Closing Date, to the effect that:
(i) The Company has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of the State of New
Jersey, with corporate power to own its properties, to
conduct its business as described in the related
Prospectus and to enter into and perform its
obligations under this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
and the Certificates of the related Series;
- 12 -
<PAGE>
(ii) The Company has full power and
authority to sell and service the related Mortgage
Loans as contemplated herein and in the related
Pooling and Servicing Agreement;
(iii) No consent, approval, authorization
or order of any court or governmental agency or body
is required for the consummation by the Company of the
transactions contemplated herein or in the related
Pooling and Servicing Agreement, except such as may be
required under the blue sky laws of any jurisdiction
and such other approvals as have been obtained;
(iv) Neither the issuance of the
Certificates of the related Series nor delivery of the
related Offered Certificates, nor the consummation of
any other of the transactions contemplated in this
Agreement, the related Terms Agreement or the related
Pooling and Servicing Agreement, nor the fulfillment
of the terms of the related Certificates, the related
Pooling and Servicing Agreement, this Agreement or the
related Terms Agreement will conflict with or violate
any term or provision of the articles of incorporation
or by-laws of the Company or any statute, order or
regulation applicable to the Company of any court,
regulatory body, administrative agency or governmental
body having jurisdiction over the Company and will not
conflict with, result in a breach or violation or the
acceleration of or constitute a default under the
terms of any indenture or other agreement or
instrument known to such counsel to which the Company
is a party or by which it is bound; and
(v) There are no actions, proceedings or
investigations pending or, to the best knowledge of
such counsel, threatened before any court,
administrative agency or other tribunal (i) asserting
the invalidity of this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
or the related Certificates, (ii) seeking to prevent
the issuance of the Certificates of the related Series
or the consummation by the Company of any of the
transactions contemplated by this Agreement, such
Terms Agreement or such Pooling and Servicing
Agreement, or (iii) which might materially and
adversely affect the performance by the Company of its
obligations under, or the validity or enforceability
of, this Agreement, such Terms Agreement, such Pooling
and Servicing Agreement or the related Certificates.
In rendering her opinion such counsel may rely as to
matters of fact, to the extent deemed proper and as stated
therein,
- 13 -
<PAGE>
on certificates of responsible officers of the Company or
public officials. In addition, such opinion may be
qualified as an opinion only on the laws of the State of
New Jersey.
(d) The Underwriter shall have received from
Brown & Wood, counsel for the Underwriter, such opinion or
opinions, dated the related Closing Date, with respect to
the issuance and sale of the Certificates of the related
Series, the related Registration Statement, the related
Prospectus and such other related matters as the
Underwriter may reasonably require, and the Company shall
have furnished to such counsel such documents as the
Underwriter may reasonably request for the purpose of
enabling them to pass upon such matters.
(e) The Company shall have furnished to the
Underwriter a certificate of the Company, signed by the
President or any Vice President and the Senior Vice
President-Finance or the principal financial or accounting
officer of the Company, dated the related Closing Date, to
the effect that the signers of such certificate have
carefully examined the related Registration Statement
(excluding any Current Reports and any other documents
incorporated by reference therein), the related Prospectus,
the Detailed Description referred to in such Prospectus
(excluding any related Current Report), this Agreement and
the related Terms Agreement and that:
(i) the representations and warranties of
the Company in this Agreement are true and correct in
all material respects on and as of the related Closing
Date with the same effect as if made on such Closing
Date, and the Company has complied with all the
agreements and satisfied all the conditions on its
part to be performed or satisfied at or prior to such
Closing Date;
(ii) no stop order suspending the
effectiveness of such Registration Statement has been
issued and no proceedings for that purpose have been
instituted or, to their knowledge, threatened; and
(iii) nothing has come to their attention
that would lead them to believe that such Registration
Statement (excluding any Current Report) contains any
untrue statement of a material fact or omits to state
any material fact required to be stated therein or
necessary to make the statements therein not
misleading, that the related Prospectus (excluding any
related Current Report) contains any untrue statement
of a material fact or omits to state a material fact
- 14 -
<PAGE>
required to be stated therein or necessary to make the
statements therein, in the light of the circumstances
under which they were made, not misleading, or that
the Detailed Description referred to in such
Prospectus includes any untrue statement of a material
fact or omits to state any information which the
Prospectus states will be included in such Detailed
Description.
(f) Peabody & Arnold, counsel for the Trustee,
shall have furnished to the Underwriter an opinion, dated
the related Closing Date, to the effect that:
(i) the Trustee has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of the Commonwealth of
Massachusetts with corporate power to own its
properties and conduct its business as presently
conducted by it, to conduct business as a trustee and
to enter into and perform its obligations under the
related Pooling and Servicing Agreement;
(ii) the related Pooling and Servicing
Agreement has been duly authorized, executed and
delivered by the Trustee and constitutes the legal,
valid and binding agreement of the Trustee enforceable
against the Trustee in accordance with its terms,
subject to bankruptcy, insolvency, fraudulent
conveyance, reorganization or other similar laws
affecting the enforcement of creditors' rights
generally and to judicial discretion, and general
principles of equity (regardless of whether
enforcement is sought in a proceeding in equity or at
law);
(iii) the Trustee has duly accepted its
appointment as trustee under the related Pooling and
Servicing Agreement;
(iv) no consent, approval, authorization
or order of any Massachusetts or federal court or
government agency or body is required on the part of
the Trustee for the consummation of the transactions
contemplated in the related Pooling and Servicing
Agreement, except such as may be required under any
federal or state securities law; and
(v) the performance on the part of the
Trustee of any of the transactions contemplated in the
related Pooling and Servicing Agreement does not
conflict with or result in a breach or violation of
any term or provision of, or constitute a default
under, the Articles of Organization, as amended, or
By-Laws of the Trustee, or any Massachusetts or
federal statute or
- 15 -
<PAGE>
regulation applicable to the Trustee, or to such
counsel's knowledge, any indenture or other agreement
or instrument to which the Trustee is a party or by
which it is bound, or, to such counsel's knowledge,
any order of any state or federal court, regulatory
body, administrative agency or governmental body
having jurisdiction over the Trustee.
In addition, such counsel shall furnish to the Underwriter
such opinions as to the treatment of the Trust Fund for
purposes of Massachusetts tax law as are reasonably
satisfactory to the Underwriter.
(g) KPMG Peat Marwick LLP shall have furnished to
the Underwriter a letter, dated as of the date of the
related Terms Agreement, in form and substance satisfactory
to the Underwriter, stating in effect that they have
performed certain specified procedures as a result of which
they have determined that such information as the
Underwriter may reasonably request of an accounting,
financial or statistical nature (which is limited to
accounting, financial or statistical information derived
from the general accounting records of the Company) set
forth in the related Prospectus Supplement under the
caption "Delinquency and Foreclosure Experience of the
Company" agrees with the accounting records of the Company,
excluding any questions of legal interpretation.
(h) KPMG Peat Marwick LLP shall have furnished to
the Underwriter a letter, dated as of the related Closing
Date, in form and substance satisfactory to the
Underwriter, stating in effect that they have performed
certain specified procedures as a result of which they have
determined that such information as the Underwriter may
reasonably request of an accounting, financial or
statistical nature (which is limited to accounting,
financial or statistical information derived from the
general accounting records of the Company and which is
obtained from an analysis of a sample of the Mortgage Loans
included in the related pool) set forth in the related
Prospectus Supplement under the caption "Description of the
Mortgage Pool and the Mortgaged Properties" or "Description
of the Mortgage Pools and the Mortgaged Properties", as the
case may be, and in the Detailed Description relating to
such Prospectus Supplement is mutually consistent and
agrees with the accounting records of the Company and,
where applicable, the related Mortgage Loan files of the
Company, excluding any questions of legal interpretation.
In addition, if applicable, such accountants shall have
furnished to the Underwriter a letter, dated as of the
related Closing Date, which shall include a statement or
statements to the effect that based upon the assumptions
and methodology agreed to by the
- 16 -
<PAGE>
Company (and which is consistent with the manner in which
any final PAC Balances, TAC Balances, Scheduled Balances,
Maximum and Minimum Scheduled Balances or any other
scheduled balances are to be calculated as set forth in the
related Prospectus), all of which shall be described by
reference in such letter, such accountants shall have
verified the mathematical accuracy of any final PAC
Balances Table, TAC Balances Table, Scheduled Balances
Table, Maximum or Minimum Scheduled Balances Table or other
scheduled balances table attached as an exhibit to the
related Pooling and Servicing Agreement.
(i) KPMG Peat Marwick LLP shall have furnished to
the Underwriter and the Company a letter or letters, dated
as of the date of the related Terms Agreement, in form and
substance satisfactory to the Underwriter and the Company,
including, without limitation, statements, if applicable,
to the effect that:
(i) based upon the assumptions and
methodology set forth in the related Prospectus, all
of which shall be described by reference in such
letter, they recomputed the percentages of initial
principal balance outstanding as of each of the
Distribution Dates (as defined in such Prospectus)
indicated and the weighted average lives of each Class
of Offered Certificates at each of the indicated
percentages of the applicable Prepayment Assumption,
and they compared the recomputed percentages and
weighted average lives to the corresponding
percentages and weighted average lives set forth in
the related tables and found them to be in agreement;
(ii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of any
Scheduled Final Distribution Dates for the Offered
Certificates, PAC Balances, TAC Balances, Scheduled
Balances, Maximum and Minimum Scheduled Balances or
any other scheduled balances set forth in such
Prospectus for each indicated Distribution Date, and
have verified the mathematical accuracy of any initial
Effective Ranges of any PAC Certificates, Scheduled
Certificates or other scheduled Certificates set forth
in such Prospectus; and
(iii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of the pre-tax
yields to maturity and, if applicable, aggregate cash
- 17 -
<PAGE>
flows of any Class of Certificates for which such
pre-tax yields and, if applicable, aggregate cash
flows are set forth in such Prospectus at the
indicated percentages of the Prepayment Assumption
and, if applicable, at the indicated values of COFI,
LIBOR or any other index, as applicable.
(j) The Offered Certificates of the related
Series shall have received the ratings specified in the
related Terms Agreement (the "Required Ratings").
(k) Prior to the related Closing Date, the
Company shall have furnished to the Underwriter such
further information, certificates and documents as the
Underwriter may reasonably request.
(l) If any Certificates of the related Series are
to be sold to any other underwriter and/or offered in
reliance upon an exemption from the registration
requirements of the Act, the sale at or prior to the
related Closing Date of such Certificates to the purchaser
thereof shall have occurred.
(m) Subsequent to the date of the related Terms
Agreement, there shall not have been any change, or any
development involving a prospective change, in or affecting
the business or properties of the Company which the
Underwriter concludes in its judgment, after consultation
with the Company, materially impairs the investment quality
of the Offered Certificates of the related Series so as to
make it impractical or inadvisable to proceed with the
public offering or the delivery of such Offered
Certificates as contemplated by the related Prospectus.
If any of the conditions specified in this Section 6
shall not have been fulfilled in all material respects with
respect to the particular Offered Certificates of a Series when
and as provided in this Agreement and the related Terms
Agreement, or if any of the opinions and certificates mentioned
above or elsewhere in this Agreement and the related Terms
Agreement shall not be in all material respects reasonably
satisfactory in form and substance to the Underwriter and its
counsel, this Agreement (with respect to the related Offered
Certificates) and the related Terms Agreement and all obligations
of the Underwriter hereunder (with respect to the related Offered
Certificates) and thereunder may be canceled at, or at any time
prior to, the related Closing Date by the Underwriter. Notice of
such cancellation shall be given to the Company in writing, or by
telephone or telegraph confirmed in writing.
7. Indemnification and Contribution. (a) The Company
agrees to indemnify and hold harmless the Underwriter and each
- 18 -
<PAGE>
person who controls the Underwriter within the meaning of the Act
or the Exchange Act against any and all losses, claims, damages
or liabilities, joint or several, to which they or any of them
may become subject under the Act, the Exchange Act, or other
Federal or state statutory law or regulation, at common law or
otherwise, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
any untrue statement or alleged untrue statement of a material
fact contained in the Registration Statement relating to the
Offered Certificates of the applicable Series as it became
effective or in any amendment or supplement thereof, or in such
Registration Statement or the related Prospectus, or in any
amendment thereof, or in the Detailed Description referred to in
such Prospectus or arise out of or are based upon the omission or
alleged omission (in the case of any Computational Materials or
ABS Term Sheets (in each case, as defined herein) in respect of
which the Company agrees to indemnify the Underwriter, as set
forth below, when such are read in conjunction with the related
Prospectus and Prospectus Supplement) to state therein a material
fact required to be stated therein or necessary to make the
statements therein not misleading, and agrees to reimburse each
such indemnified party for any legal or other expenses reasonably
incurred by them in connection with investigating or defending
any such loss, claim, damage, liability or action; provided,
however, that (i) the Company will not be liable in any such case
to the extent that any such loss, claim, damage or liability
arises out of or is based upon any such untrue statement or
alleged untrue statement or omission or alleged omission made
therein (A) in reliance upon and in conformity with written
information furnished to the Company as herein stated by or on
behalf of the Underwriter specifically for use in connection with
the preparation thereof or (B) in any Current Report or any
amendment or supplement thereof, except to the extent that any
untrue statement or alleged untrue statement therein or omission
therefrom results (or is alleged to have resulted) directly from
an error (a "Mortgage Pool Error") in the information concerning
the characteristics of the Mortgage Loans furnished by the
Company to the Underwriter in writing or by electronic
transmission that was used in the preparation of either (x) any
Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) included in such Current Report (or
amendment or supplement thereof) or (y) any written or electronic
materials furnished to prospective investors on which the
Computational Materials (or amendments or supplements) were
based, (ii) such indemnity with respect to any Corrected
Statement (as defined below) in such Prospectus (or supplement
thereto) shall not inure to the benefit of the Underwriter (or
any person controlling the Underwriter) from whom the person
asserting any loss, claim, damage or liability purchased the
Certificates of the related Series that are the subject thereof
if such person did not receive a copy of a supplement to such
Prospectus at or prior to the confirmation of the sale of such
- 19 -
<PAGE>
Certificates and the untrue statement or omission of a material
fact contained in such Prospectus (or supplement thereto) was
corrected (a "Corrected Statement") in such other supplement and
such supplement was furnished by the Company to the Underwriter
prior to the delivery of such confirmation, and (iii) such
indemnity with respect to any Mortgage Pool Error shall not inure
to the benefit of the Underwriter (or any person controlling the
Underwriter) from whom the person asserting any loss, claim,
damage or liability received any Computational Materials (or any
written or electronic materials on which the Computational
Materials are based) or ABS Term Sheets that were prepared on the
basis of such Mortgage Pool Error, if, prior to the time of
confirmation of the sale of the applicable Certificates to such
person, the Company notified the Underwriter in writing of the
Mortgage Pool Error or provided in written or electronic form
information superseding or correcting such Mortgage Pool Error
(in any such case, a "Corrected Mortgage Pool Error"), and the
Underwriter failed to notify such person thereof or to deliver to
such person corrected Computational Materials (or underlying
written or electronic materials) or ABS Term Sheets. This
indemnity agreement will be in addition to any liability which
the Company may otherwise have.
(b) The Underwriter agrees to indemnify and hold
harmless the Company, each of its directors, each of its officers
who signs the Registration Statement relating to the Offered
Certificates of the applicable Series, and each person who
controls the Company within the meaning of the Act or the
Exchange Act to the same extent as the foregoing indemnities from
the Company to the Underwriter, but only with reference to (A)
written information furnished to the Company by or on behalf of
the Underwriter specifically for use in the preparation of the
documents referred to in the foregoing indemnity with respect to
the related Series, or (B) any Computational Materials or ABS
Term Sheets (or amendments or supplements thereof) furnished to
the Company by the Underwriter pursuant to Section 8 and
incorporated by reference in such Registration Statement or the
related Prospectus or any amendment or supplement thereof (except
that no such indemnity shall be available for any losses, claims,
damages or liabilities, or actions in respect thereof, resulting
from any Mortgage Pool Error, other than a Corrected Mortgage
Pool Error). This indemnity agreement will be in addition to any
liability which the Underwriter may otherwise have. The Company
acknowledges that the statements set forth in the second sentence
of the ante-penultimate paragraph, the first sentence of the
penultimate paragraph, and in the last paragraph appearing on the
cover page of the related Prospectus Supplement as such
statements relate to such Offered Certificates and the second
sentence of the first paragraph under the heading "Plan of
Distribution" in such Prospectus Supplement as such statements
relate to such Offered Certificates constitute the only
information furnished in writing by or on behalf of the
- 20 -
<PAGE>
Underwriter for inclusion in the related Prospectus (other than
any Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) furnished to the Company by the
Underwriter), and the Underwriter confirms that such statements
are correct.
(c) Promptly after receipt by an indemnified party
under Section 7 of notice of the commencement of any action, such
indemnified party will, if a claim in respect thereof is to be
made against the indemnifying party under this Section 7, notify
the indemnifying party in writing of the commencement thereof;
but the omission so to notify the indemnifying party will not
relieve it from any liability which it may have to any
indemnified party otherwise than under this Section 7. In case
any such action is brought against any indemnified party, and it
notifies the indemnifying party of the commencement thereof, the
indemnifying party will be entitled to participate therein, and
to the extent that it may elect by written notice delivered to
the indemnified party promptly after receiving the aforesaid
notice from such indemnified party, to assume the defense
thereof, with counsel satisfactory to such indemnified party;
provided, however, that if the defendants in any such action
include both the indemnified party and the indemnifying party and
the indemnified party shall have reasonably concluded that there
may be legal defenses available to it and/or other indemnified
parties which are different from or additional to those available
to the indemnifying party, the indemnified party or parties shall
have the right to select separate counsel to assert such legal
defenses and to otherwise participate in the defense of such
action on behalf of such indemnified party or parties. Upon
receipt of notice from the indemnifying party to such indemnified
party of its election so to assume the defense of such action and
approval by the indemnified party of counsel, the indemnifying
party will not be liable to such indemnified party under this
Section 7 for any legal or other expenses subsequently incurred
by such indemnified party in connection with the defense thereof
unless (i) the indemnified party shall have employed separate
counsel in connection with the assertion of legal defenses in
accordance with the proviso to the next preceding sentence (it
being understood, however, that the indemnifying party shall not
be liable for the expenses of more than one separate counsel
approved by the indemnified party in the case of subparagraph (a)
or (b), representing the indemnified parties under subparagraph
(a) or (b), who are parties to such action), (ii) the
indemnifying party shall not have employed counsel satisfactory
to the indemnified party to represent the indemnified party
within a reasonable time after notice of commencement of the
action or (iii) the indemnifying party has authorized the
employment of counsel for the indemnified party at the expense of
the indemnifying party; and except that, if clause (i) or (iii)
is applicable, such liability shall be only in respect of the
counsel referred to in such clause (i) or (iii).
- 21 -
<PAGE>
(d) If the indemnification provided for in paragraph
(a) or (b) of this Section 7 is due in accordance with its terms
but is for any reason held by a court to be unavailable from the
Company or the Underwriter, on grounds of policy or otherwise, or
if the indemnified party failed to give notice under paragraph
(c) of this Section 7 in respect of a claim otherwise subject to
indemnification in accordance with paragraph (a) or (b) of this
Section 7, the Company and the Underwriter shall contribute to
the aggregate losses, claims, damages and liabilities (including
legal and other expenses reasonably incurred in connection with
investigating or defending same) to which the Company and the
Underwriter may be subject, as follows:
(i) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which do not
arise out of or are not based upon any untrue statement or
omission of a material fact in any Computational Materials
or ABS Term Sheets (or any amendments or supplements
thereof), in such proportion so that the Underwriter is
responsible for that portion represented by the difference
between the proceeds to the Company in respect of the
Offered Certificates appearing on the cover page of the
Prospectus Supplement for the related Series and the total
proceeds received by the Underwriter from the sale of such
Offered Certificates (the "Underwriting Discount"), and the
Company is responsible for the balance; provided, however,
that in no case shall the Underwriter be responsible under
this subparagraph (i) for any amount in excess of such
Underwriting Discount applicable to the Offered
Certificates purchased by the Underwriter pursuant to this
Agreement and the related Terms Agreement; and
(ii) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which arise out
of or are based upon any untrue statement or omission of a
material fact in any Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof) or in any
written or electronic materials distributed to prospective
investors on which the Computational Materials are based,
in such proportion as is appropriate to reflect the
relative fault of the Company on the one hand and the
Underwriter on the other in connection with the statements
or omissions which resulted in such losses, claims, damages
or liabilities (or actions in respect thereof) as well as
any other relevant equitable considerations. The relative
fault shall be determined by reference to, among other
things, whether the untrue or alleged untrue statement of a
material fact or the omission or alleged omission to state
a material fact in such Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof or such
written or electronic materials) results from information
prepared by the Company on the one hand or the Underwriter
on the other
- 22 -
<PAGE>
and the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent such
statement or omission.
Notwithstanding anything to the contrary in this Section 7(d), no
person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Act) shall be entitled to contribution
from any person who was not guilty of such fraudulent
misrepresentation. For purposes of this Section 7, each person
who controls the Underwriter within the meaning of either the Act
or the Exchange Act shall have the same rights to contribution as
the Underwriter, and each person who controls the Company within
the meaning of either the Act or the Exchange Act, each officer
of the Company who shall have signed the Registration Statement
and each director of the Company shall have the same rights to
contribution as the Company, subject in each case to the
immediately preceding sentence of this paragraph (d).
8. Computational Materials and Structural Term Sheets.
(a) Not later than 10:30 a.m., New York time, on the business day
before the date on which the Current Report relating to the
Offered Certificates of a Series is required to be filed by the
Company with the Commission pursuant to Section 5(b) hereof, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in such Offered Certificates which constitute (i)
"Computational Materials" within the meaning of the no-action
letter dated May 20, 1994 issued by the Division of Corporation
Finance of the Commission to Kidder, Peabody Acceptance
Corporation I, Kidder, Peabody & Co. Incorporated, and Kidder
Structured Asset Corporation and the no-action letter dated May
27, 1994 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (together, the
"Kidder Letters"), the filing of which material is a condition of
the relief granted in such letter (such materials being the
"Computational Materials"), and (ii) "Structural Term Sheets"
within the meaning of the no-action letter dated February 17,
1995 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (the "PSA
Letter") and the filing of such material is a condition of the
relief granted in such letter (such materials being the
"Structural Term Sheets"). Each delivery of Computational
Materials and Structural Term Sheets to the Company pursuant to
this paragraph (a) shall be effected by delivering four copies of
such materials to counsel for the Company on behalf of the
Company at the address specified in Section 3 hereof and one copy
of such materials to the Company.
(b) The Underwriter represents and warrants to and
agrees with the Company, as of the date of the related Terms
Agreement and as of the Closing Date, that:
- 23 -
<PAGE>
(i) the Computational Materials furnished to the
Company pursuant to Section 8(a) constitute (either in
original, aggregated or consolidated form) all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission with respect to the related Offered
Certificates in accordance with the Kidder Letters,
and such Computational Materials comply with the
requirements of the Kidder Letters;
(ii) the Structural Term Sheets furnished to the
Company pursuant to Section 8(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission as "Structural Term Sheets" with respect to
the related Offered Certificates in accordance with
the PSA Letter, and such Structural Term Sheets comply
with the requirements of the PSA Letter;
(iii) on the date any such Computational Materials
or Structural Term Sheets with respect to such Offered
Certificates (or any written or electronic materials
furnished to prospective investors on which the
Computational Materials are based) were last furnished
to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section
8(a) and on the related Closing Date, such
Computational Materials (or such other materials) or
Structural Term Sheets did not and will not include
any untrue statement of a material fact or, when read
in conjunction with the related Prospectus and
Prospectus Supplement, omit to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading;
(iv) the Underwriter has not represented to any
prospective investor that any Computational Materials
or Structural Term Sheets with respect to any Series
were prepared or disseminated on behalf of the
Company, and all Computational Materials and
Structural Term Sheets furnished to prospective
investors (and all written and electronic materials
furnished to prospective investors on which the
Computational Materials are based) included a
disclaimer to the effect set forth in Section 8(d);
and
(v) at the time any Computational Materials (or
any written or electronic materials furnished to
prospective investors on which the Computational
Materials are based) with respect to such Offered
- 24 -
<PAGE>
Certificates were furnished to a prospective investor
and on the date of the related Terms Agreement, the
Underwriter possessed, and on the date of delivery of
such materials to the Company pursuant to this Section
8 and on the related Closing Date, the Underwriter
will possess, the capability, knowledge, expertise,
resources and systems of internal control necessary to
ensure that such Computational Materials conform to
the representations and warranties of the Underwriter
contained in subparagraphs (i) and (iii) above of this
paragraph (b).
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Computational
Materials or Structural Term Sheets (or any written or electronic
materials on which the Computational Materials are based)
included or will include any untrue statement resulting directly
from any Mortgage Pool Error (except any Corrected Mortgage Pool
Error, with respect to materials prepared after the receipt by
the Underwriter from the Company of notice of such Corrected
Mortgage Pool Error or materials superseding or correcting such
Corrected Mortgage Pool Error).
(c) The Underwriter shall cause a firm of public
accountants to furnish to the Company a letter, dated as of the
date on which the Underwriter delivers any Computational
Materials (which term shall be deemed to include, for purposes of
this paragraph (c), calculated statistical information delivered
to prospective investors in the form of a Structural Term Sheet)
to the Company pursuant to Section 8(a), in form and substance
satisfactory to the Company, stating in effect that they have
verified the mathematical accuracy of any calculations performed
by the Underwriter and set forth in such Computational Materials.
(d) The Underwriter acknowledges and agrees that the
Company has not authorized and will not authorize the
distribution of any Computational Materials (or any written or
electronic materials on which the Computational Materials are
based) or Structural Term Sheets to any prospective investor, and
agrees that any Computational Materials or Structural Term Sheets
with respect to any Series of Certificates furnished to
prospective investors from and after October 11, 1995 included
and shall include a disclaimer in form satisfactory to the
Company to the effect that such materials have been prepared and
disseminated solely by and on behalf of the Underwriter, and that
the Company has not reviewed or participated in the preparation
or dissemination of such materials and is not responsible for the
contents or accuracy thereof. The Underwriter agrees that it will
not represent to prospective investors that any Computational
Materials or Structural Term Sheets were prepared or disseminated
on behalf of the Company.
- 25 -
<PAGE>
(e) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Computational Materials or
Structural Term Sheets provided by the Underwriter pursuant to
this Section 8 or the omission to state therein a material fact
required, when considered in conjunction with the related
Prospectus and Prospectus Supplement, to be stated therein or
necessary to make the statements therein, when read in
conjunction with the related Prospectus and Prospectus
Supplement, not misleading, or if it shall be necessary to amend
or supplement any Current Report relating to any Computational
Materials or Structural Term Sheets to comply with the Act or the
rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, the
Underwriter makes no representation or warranty as to whether any
such amendment or supplement will include any untrue statement
resulting directly from any Mortgage Pool Error (except any
Corrected Mortgage Pool Error, with respect to any such amendment
or supplement prepared after the receipt by the Underwriter from
the Company of notice of such Corrected Mortgage Pool Error or
materials superseding or correcting such Corrected Mortgage Pool
Error). The Company shall have no obligation to file such
amendment or supplement if the Company determines that (i) such
amendment or supplement contains any untrue statement of a
material fact or, when read in conjunction with the related
Prospectus and Prospectus Supplement, omits to state a material
fact required to be stated therein or necessary to make the
statements therein not misleading; it being understood, however,
that the Company shall have no obligation to review or pass upon
the accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to
this paragraph (e) or (ii) such filing is not required under the
Act.
9. Collateral Term Sheets. (a) Prior to the delivery
of any "Collateral Term Sheet" within the meaning of the PSA
Letter, the filing of which material is a condition of the relief
granted in such letter (such material being the "Collateral Term
Sheets"), to a prospective investor in any Offered Certificates,
the Underwriter shall, in order to facilitate the timely filing
of such material with the
- 26 -
<PAGE>
Commission, notify the Company and its counsel by telephone of
its intention to deliver such materials and the approximate date
on which the first such delivery of such materials is expected to
occur. Not later than 10:30 a.m., New York time, on the business
day immediately following the date on which any Collateral Term
Sheet was first delivered to a prospective investor in such
Offered Certificates, the Underwriter shall deliver to the
Company five complete copies of all materials provided by the
Underwriter to prospective investors in the Offered Certificates
which constitute "Collateral Term Sheets." Each delivery of a
Collateral Term Sheet to the Company pursuant to this paragraph
(a) shall be effected by delivering four copies of such materials
to counsel for the Company on behalf of the Company at the
address specified in Section 3 hereof and one copy of such
materials to the Company. (Collateral Term Sheets and Structural
Term Sheets are, together, referred to herein as "ABS Term
Sheets.") At the time of each such delivery, the Underwriter
shall indicate in writing that the materials being delivered
constitute Collateral Term Sheets, and, if there has been any
prior such delivery with respect to the related Series, shall
indicate whether such materials differ in any material respect
from any Collateral Term Sheets previously delivered to the
Company with respect to such Series pursuant to this Section 9(a)
as a result of the occurrence of a material change in the
characteristics of the related Mortgage Loans.
(b) The Underwriter represents and warrants to and
agrees with the Company as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) The Collateral Term Sheets furnished to
the Company pursuant to Section 9(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to time of delivery thereof to the
Company that are required to be filed with the Commission
as "Collateral Term Sheets" with respect to the related
Offered Certificates in accordance with the PSA Letter, and
such Collateral Term Sheets comply with the requirements of
the PSA Letter;
(ii) On the date any such Collateral Term
Sheets with respect to such Offered Certificates were last
furnished to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section 9(a)
and on the related Closing Date, such Collateral Term
Sheets did not and will not include any untrue statement of
a material fact or, when read in conjunction with the
Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to
make the statements therein not misleading; and
- 27 -
<PAGE>
(iii) the Underwriter has not represented to
any prospective investor that any Collateral Term Sheets
with respect to any Series were prepared or disseminated on
behalf of the Company, and, except as otherwise disclosed
by the Underwriter to the Company in writing prior to the
date hereof, all Collateral Term Sheets previously
furnished to prospective investors included a disclaimer to
the effect set forth in Section 8(d).
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Collateral Term
Sheet included or will include any untrue statement or material
omission resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to materials
prepared after the receipt by the Underwriter from the Company of
notice of such Corrected Mortgage Pool Error or materials
superseding or correcting such Corrected Mortgage Pool Error).
(c) The Underwriter acknowledges and agrees that any
Collateral Term Sheets with respect to any Series of Certificates
furnished to prospective investors from and after the date hereof
shall include a disclaimer in form satisfactory to the Company to
the effect set forth in Section 8(d) hereof, and to the effect
that the information contained in such materials supersedes the
information contained in any prior Collateral Term Sheet with
respect to such Series of Offered Certificates and will be
superseded by the description of the related Mortgage Loans in
the related Prospectus Supplement and in the Detailed Description
relating to such Prospectus Supplement to be filed under cover of
Form 8-K. The Underwriter agrees that it will not represent to
prospective investors that any Collateral Term Sheets were
prepared or disseminated on behalf of the Company.
(d) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Collateral Term Sheets provided by
the Underwriter pursuant to this Section 9 or the omission to
state therein a material fact required, when considered in
conjunction with the related Prospectus and Prospectus
Supplement, to be stated therein or necessary to make the
statements therein, when read in conjunction with the related
Prospectus and Prospectus Supplement, not misleading, or if it
shall be necessary to amend or supplement any Current Report
relating to any Collateral Term Sheets to comply with the Act or
the rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
- 28 -
<PAGE>
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, the
Underwriter makes no representation or warranty as to whether any
such amendment or supplement will include any untrue statement
resulting directly from any Mortgage Pool Error (except any
Corrected Mortgage Pool Error, with respect to any such amendment
or supplement prepared after the receipt by the Underwriter from
the Company of notice of such Corrected Mortgage Pool Error or
materials superseding or correcting such Corrected Mortgage Pool
Error). The Company shall have no obligation to file such
amendment or supplement if the Company determines that (i) such
amendment or supplement contains any untrue statement of a
material fact or, when read in conjunction with the related
Prospectus and Prospectus Supplement, omits to state a material
fact required to be stated therein or necessary to make the
statements therein not misleading; it being understood, however,
that the Company shall have no obligation to review or pass upon
the accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to
this paragraph (d) or (ii) such filing is not required under the
Act.
10. Termination. This Agreement (with respect to a
particular Certificate Offering) and the related Terms Agreement
shall be subject to termination in the absolute discretion of the
Underwriter, by notice given to the Company prior to delivery of
and payment for the related Offered Certificates, if prior to the
related Closing Date (i) trading in securities generally on the
New York Stock Exchange shall have been suspended or materially
limited, (ii) a general moratorium on commercial banking
activities in New York shall have been declared by either federal
or New York State authorities, or (iii) there shall have occurred
any outbreak or material escalation of hostilities or other
calamity or crisis the effect of which on the financial markets
of the United States is such as to make it, in the reasonable
judgment of the Underwriter, impracticable to market such Offered
Certificates.
11. Representations and Indemnities to Survive
Delivery. The agreements, representations, warranties,
indemnities and other statements of the Company or its officers
and of the Underwriter set forth in or made pursuant to this
Agreement and the related Terms Agreement will remain in full
force and effect, regardless of any investigation made by or on
behalf of the Underwriter or the Company or any of the officers,
directors or controlling persons referred to in Section 7 hereof,
and will survive delivery of and payment for the related Offered
Certificates. The provisions of Section 7 hereof shall survive
- 29 -
<PAGE>
the termination or cancellation of this Agreement and the related
Terms Agreement.
12. Successors. This Agreement and the related Terms
Agreement will inure to the benefit of and be binding upon the
parties hereto and thereto and their respective successors and
the officers, directors and controlling persons referred to in
Section 7 hereof, and their successors and assigns, and no other
person will have any right or obligation hereunder or thereunder.
No purchaser of any Offered Certificate from the Underwriter
shall be deemed a successor or assign by reason of such purchase.
13. APPLICABLE LAW. THIS AGREEMENT AND THE RELATED
TERMS AGREEMENT WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS
MADE AND TO BE PERFORMED THEREIN.
14. Miscellaneous. This Agreement, as supplemented by
the related Terms Agreement, supersedes all prior and
contemporaneous agreements and understandings relating to the
subject matter hereof. This Agreement and the related Terms
Agreement or any term of each may not be changed, waived,
discharged or terminated except by an affirmative written
agreement made by the party against whom enforcement of the
change, waiver, discharge or termination is sought. The headings
in this Agreement and the related Terms Agreement are for
purposes of reference only and shall not limit or otherwise
affect the meaning hereof or thereof.
15. Notices. All communications hereunder will be in
writing and effective only on receipt, and, if sent to the
Underwriter, will be delivered to it at the address first above
written; or if sent to the Company, will be delivered to GE
Capital Mortgage Services, Inc., Three Executive Campus, Cherry
Hill, New Jersey 08002, Attention: General Counsel.
- 30 -
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Company and the Underwriter.
Very truly yours,
GE CAPITAL MORTGAGE SERVICES, INC.
By:
Name:
Title:
The foregoing Agreement is hereby confirmed and accepted as of
the date first above written.
SALOMON BROTHERS INC
By:
Name:
Title:
<PAGE>
EXHIBIT A
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES ____-__
TERMS AGREEMENT
(to Underwriting Agreement,
dated October 23, 1995
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08002
Salomon Brothers Inc (the "Underwriter") agrees,
subject to the terms and provisions herein and of the captioned
Underwriting Agreement (the "Underwriting Agreement"), to
purchase such Classes of Series ____-__ Certificates specified in
Section 2(a) hereof (the "Offered Certificates"). This letter
supplements and modifies the Underwriting Agreement solely as it
relates to the purchase and sale of the Offered Certificates
described below. The Series ____-__ Certificates are registered
with the Securities and Exchange Commission by means of an
effective Registration Statement (No. 33-___). Capitalized terms
used and not defined herein have the meanings given them in the
Underwriting Agreement.
Section 1. The Mortgage Pool: The Series ____-__
Certificates shall evidence the entire beneficial ownership
interest in a mortgage pool (the "Mortgage Pool") of
conventional, fixed rate, fully amortizing one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
following characteristics as of ________ __, ____ (the "Cut-off
Date"):
(a) Aggregate Principal Amount of the Mortgage Pool:
$[ ] aggregate principal balance as of the Cutoff Date,
subject to [an upward or downward variance of up to [ ]%,
the precise aggregate principal balance to be determined by
the Company][a permitted variance such that the aggregate
Scheduled Principal Balance thereof will be not less than
$[ ] or greater than $[ ]].
(b) Original Terms to Maturity: The original term to
maturity of each Mortgage Loan included in the Mortgage Pool
shall be between ___ and ___ years.
A-1
<PAGE>
Section 2. The Certificates: The Offered
Certificates shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the
variance referred to in Section 1(a)[and, as to any
particular Class, to an upward or downward variance of up
to [ ]%]:
Principal Interest Class Purchase
Class Balance Rate Price Percentage
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each
Class of the Offered Certificates shall be the Class Purchase
Price Percentage therefor (as set forth in Section 2(a) above) of
the initial Class Certificates Principal Balance thereof plus
accrued interest at the rate of [ ]% per annum from and including
the Cut-off Date up to, but not including, _________ __, ____
(the "Closing Date").
Section 4. Required Ratings: The Offered
Certificates shall have received Required Ratings of at least
[ ] from [ ].
Section 5. Tax Treatment: [One or more elections
will be made to treat the assets of the Trust Fund as a REMIC.]
[The Trust Fund will be treated as a "grantor trust" for federal
income tax purposes.]
[Section 6. Additional Expenses:]*
- --------
* to be inserted if applicable.
A-2
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
SALOMON BROTHERS INC
By:
Name:
Title:
The foregoing Agreement is hereby confirmed and accepted as of
the date first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:
Name:
Title:
A-3
Execution
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1998-9
TERMS AGREEMENT
---------------
(to Underwriting Agreement
dated October 23, 1995,
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus May 26, 1998
Cherry Hill, NJ 08002
Salomon Brothers Inc (the "Underwriter") agrees,
subject to the terms and provisions herein and of the captioned
Underwriting Agreement (the "Underwriting Agreement"), to
purchase the Classes of Series 1998-9 Certificates specified in
Section 2(a) hereof (the "Offered Certificates"). This Terms
Agreement supplements and modifies the Underwriting Agreement
solely as it relates to the purchase and sale of the Offered
Certificates described below. The Series 1998-9 Certificates are
registered with the Securities and Exchange Commission by means
of an effective Registration Statement (No. 333-43755).
Capitalized terms used and not defined herein have the meanings
given them in the Underwriting Agreement.
Section 1. The Mortgage Pool: The Series 1998-9
Certificates shall evidence the entire beneficial ownership
interest in a mortgage pool (the "Mortgage Pool") of
conventional, fixed rate, fully amortizing, first lien one- to
four-family residential mortgage loans (the "Mortgage Loans")
having the following characteristics as of May 1, 1998 (the
"Cut-off Date"):
(a) Aggregate Principal Amount of the Mortgage Pool:
$751,628,249.39 aggregate principal balance as of the
Cut-off Date, subject to a permitted variance such that the
aggregate original Certificate Principal Balance will be
not less than $712,500,000 or greater than $787,500,000.
(b) Original Terms to Maturity: The original term to
maturity of substantially all of the Mortgage Loans
included in the Mortgage Pool shall be between 20 and 30
years.
Section 2. The Certificates: The Offered Certificates
shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class
<PAGE>
designations, interest rates and principal balances,
subject in the aggregate to the variance referred to in
Section 1(a):
Class
Principal Interest Purchase Price
Class Balance Rate Percentage
- ----- ------- ---- ----------
Class M $13,905,000 6.75% 98.319150%
Class B1 $6,013,000 6.75% 97.623400%
Class B2 3,382,000 6.75% 95.579070%
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each
Class of the Offered Certificates shall be the Class Purchase
Price Percentage therefor (as set forth in Section 2(a) above) of
the initial Class Certificate Principal Balance thereof plus
accrued interest at the initial interest rate per annum from and
including the Cut-off Date up to, but not including, May 28, 1998
(the "Closing Date").
Section 4. Required Ratings: The Class M, Class B1 and
Class B2 Certificates shall have received Required Ratings of
"AA," "A" and "BBB," respectively, from Fitch IBCA, Inc.
Section 5. Tax Treatment: One or more elections will be
made to treat the assets of the Trust Fund as a REMIC.
2
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
SALOMON BROTHERS INC
By:______________________________
Name:
Title:
The foregoing Agreement is
hereby confirmed and accepted
as of the date hereof.
GE CAPITAL MORTGAGE SERVICES, INC.
By:______________________________
Name:
Title:
EXECUTION
=================================================================
GE CAPITAL MORTGAGE SERVICES, INC.,
Seller and Servicer
and
STATE STREET BANK AND TRUST COMPANY,
Trustee
-----------------------
POOLING AND SERVICING AGREEMENT
Dated as of May 1, 1998
-----------------------
REMIC Multi-Class Pass-Through Certificates,
Series 1998-9
=================================================================
<PAGE>
TABLE OF CONTENTS
Page
ARTICLE I
DEFINITIONS
Section 1.01. Definitions.........................................1
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01. Conveyance of Mortgage Loans.......................38
Section 2.02. Acceptance by Trustee..............................41
Section 2.03. Representations and Warranties
of the Company; Mortgage Loan
Repurchase.........................................43
Section 2.04. Execution of Certificates..........................48
Section 2.05. The REMICs.........................................49
Section 2.06. Designations under the REMIC Provisions............51
ARTICLE III
ADMINISTRATION AND SERVICING OF MORTGAGE LOANS
Section 3.01. Company to Act as Servicer.........................52
Section 3.02. Collection of Certain Mortgage
Loan Payments; Mortgage Loan Payment
Record; Certificate Account........................56
Section 3.03. Collection of Taxes, Assessments and Other Items...59
Section 3.04. Permitted Debits to the Mortgage
Loan Payment Record................................59
Section 3.05. Maintenance of the Primary Insurance Policies......60
Section 3.06. Maintenance of Hazard Insurance....................61
Section 3.07. Assumption and Modification Agreements.............61
Section 3.08. Realization Upon Defaulted Mortgage Loans..........62
Section 3.09. Trustee to Cooperate; Release of Mortgage Files....65
Section 3.10. Servicing Compensation; Payment
of Certain Expenses by the
Company............................................66
Section 3.11. Reports to the Trustee; Certificate
Account Statements.................................66
Section 3.12. Annual Statement as to Compliance..................66
Section 3.13. Annual Independent Public Accountants'
Servicing Report...................................66
Section 3.14. Access to Certain Documentation and
Information Regarding the Mortgage
Loans..............................................67
Section 3.15. Maintenance of Certain Servicing Policies..........67
Section 3.16. Optional Purchase of Defaulted Mortgage Loans......67
ARTICLE IV
PAYMENTS AND STATEMENTS
Section 4.01. Distributions......................................68
<PAGE>
Section 4.02. Method of Distribution.............................76
Section 4.03. Allocation of Losses...............................77
Section 4.04. Monthly Advances; Purchases
of Defaulted Mortgage Loans........................79
Section 4.05. Statements to Certificateholders...................79
Section 4.06. Servicer's Certificate.............................82
Section 4.07. Reports of Foreclosures and
Abandonments of Mortgaged Property.................82
Section 4.08. Reduction of Base Servicing
Fees by Compensating Interest Payments.............82
Section 4.09. Surety Bond........................................82
ARTICLE V
THE CERTIFICATES
Section 5.01. The Certificates...................................82
Section 5.02. Registration of Transfer and
Exchange of Certificates...........................85
Section 5.03. Mutilated, Destroyed, Lost or Stolen Certificates..91
Section 5.04. Persons Deemed Owners..............................91
Section 5.05. Access to List of Certificateholders'
Names and Addresses................................91
Section 5.06. Representation of Certain Certificateholders.......92
Section 5.07. Determination of COFI..............................92
Section 5.08. Determination of LIBOR.............................93
ARTICLE VI
THE COMPANY
Section 6.01. Liability of the Company...........................94
Section 6.02. Merger or Consolidation of,
or Assumption of the Obligations
of, the Company....................................94
Section 6.03. Assignment.........................................94
Section 6.04. Limitation on Liability
of the Company and Others..........................95
Section 6.05. The Company Not to Resign..........................95
ARTICLE VII
DEFAULT
Section 7.01. Events of Default..................................95
Section 7.02. Trustee to Act; Appointment of Successor...........97
Section 7.03. Notification to Certificateholders.................98
ARTICLE VIII
THE TRUSTEE
Section 8.01. Duties of Trustee..................................98
Section 8.02. Certain Matters Affecting the Trustee..............99
Section 8.03. Trustee Not Liable for
Certificates or Mortgage Loans....................100
Section 8.04. Trustee May Own Certificates......................100
Section 8.05. The Company to Pay Trustee's Fees and Expenses....100
ii
<PAGE>
Section 8.06. Eligibility Requirements for Trustee..............101
Section 8.07. Resignation or Removal of Trustee.................101
Section 8.08. Successor Trustee.................................102
Section 8.09. Merger or Consolidation of Trustee................102
Section 8.10. Appointment of Co-Trustee or Separate Trustee.....103
Section 8.11. Compliance with REMIC Provisions; Tax Returns.....104
ARTICLE IX
TERMINATION
Section 9.01. Termination upon Repurchase
by the Company or Liquidation of All
Mortgage Loans....................................104
Section 9.02. Additional Termination Requirements...............105
ARTICLE X
MISCELLANEOUS PROVISIONS
Section 10.01. Amendment........................................106
Section 10.02. Recordation of Agreement.........................107
Section 10.03. Limitation on Rights of Certificateholders.......108
Section 10.04. Governing Law....................................108
Section 10.05. Notices..........................................108
Section 10.06. Notices to the Rating Agencies...................109
Section 10.07. Severability of Provisions.......................109
Section 10.08. Certificates Nonassessable and Fully Paid........109
Exhibits
EXHIBIT A Forms of Certificates
EXHIBIT B Principal Balance Schedules
EXHIBIT C Mortgage Loans (including list of Cooperative Loans)
EXHIBIT D Form of Servicer's Certificate
EXHIBIT E Form of Transfer Certificate as to ERISA Matters
for Definitive ERISA- Restricted Certificates
EXHIBIT F Form of Residual Certificate Transferee Affidavit
EXHIBIT G Form of Residual Certificate Transferor Letter
EXHIBIT H Additional Servicer Compensation
EXHIBIT I Form of Investment Letter for Definitive Restricted
Certificates
EXHIBIT J Form of Distribution Date Statement
EXHIBIT K Form of Special Servicing and Collateral Fund
Agreement
EXHIBIT L Form of Lost Note Affidavit and Agreement
EXHIBIT M Schedule of Designated Loans
EXHIBIT N Schedule of Pledged Asset Mortgage Loans
iii
<PAGE>
THIS POOLING AND SERVICING AGREEMENT, dated as of May
1, 1998, between GE CAPITAL MORTGAGE SERVICES, INC., a
corporation organized and existing under the laws of the State of
New Jersey, and STATE STREET BANK AND TRUST COMPANY, a
Massachusetts banking corporation, as Trustee.
W I T N E S S E T H T H A T :
In consideration of the mutual agreements herein
contained, GE Capital Mortgage Services, Inc. and State Street
Bank and Trust Company agree as follows:
ARTICLE I
DEFINITIONS
Section 1.01. Definitions. Whenever used in this Agreement,
the following words and phrases, unless the context otherwise
requires, shall have the following meanings:
Accretion Directed Certificate: Any Class A3
Certificate.
Accretion Directed Component: Any Class A4A Component.
Accretion Termination Date: As to the Accrual
Certificates, the earlier of (i) the Cross-Over Date; and
(ii) the Distribution Date on which the Class Certificate
Principal Balance of the Class A3 Certificates is reduced
to zero.
Accrual Amount: As to any Class of Accrual
Certificates and any Accrual Component and each
Distribution Date through the related Accretion Termination
Date, the sum of (x) any amount of Accrued Certificate
Interest allocable to such Class or Component pursuant to
Section 4.01(a)(i) on such Distribution Date and (y) any
amount of Unpaid Class Interest Shortfall allocable to such
Class or Component pursuant to Section 4.01(a)(ii) on such
Distribution Date, to the extent that such amounts are
distributed to any Accretion Directed Certificates and any
Accretion Directed Components pursuant to Section 4.01(e).
As to any Class of Accrual Certificates and any Accrual
Component and each Distribution Date after the related
Accretion Termination Date, zero.
Accrual Certificates: Any Class A5 Certificate.
Accrual Component: None.
Accrued Certificate Interest: As to any Distribution
Date and any Class of Certificates (other than any Class of
Principal Only Certificates and any Class of Certificates
consisting of Specified Components), interest accrued
during the related Interest Accrual Period at the
applicable Certificate Interest Rate on the Class
Certificate Principal Balance (or, in the case of any Class
of Notional Certificates, on the aggregate
<PAGE>
Notional Principal Balance) thereof immediately prior to
such Distribution Date, calculated on the basis of a
360-day year consisting of twelve 30-day months. As to any
Distribution Date and any Specified Component (other than
any Principal Only Component), interest accrued during the
related Interest Accrual Period at the applicable Component
Interest Rate on the Component Principal Balance (or
Notional Component Principal Balance) thereof immediately
prior to such Distribution Date, calculated on the basis of
a 360-day year consisting of twelve 30-day months. As to
any Distribution Date and any Class of Certificates
consisting of Specified Components, the aggregate of
Accrued Certificate Interest on such Specified Components
for such Distribution Date.
Accrued Certificate Interest on each Class of
Certificates (other than any Class of Principal Only
Certificates and any Class of Certificates consisting of
Specified Components) and any Specified Component (other
than any Principal Only Component) shall be reduced by such
Class's or Specified Component's share of the amount of any
Net Interest Shortfall and Certificate Interest Losses for
such Distribution Date. Any Net Interest Shortfall and
Certificate Interest Losses shall be allocated among (x)
the Classes of Certificates (other than any Class of
Principal Only Certificates and any Class of Certificates
consisting of Specified Components) and (y) the Specified
Components (other than any Principal Only Component) of any
Component Certificate in proportion to the respective
amounts of Accrued Certificate Interest that would have
resulted absent such shortfall or losses.
Additional Collateral: With respect to any Mortgage
100SM Loan, the marketable securities held from time to
time as security for the repayment of such Mortgage 100SM
Loan and any related collateral. With respect to any Parent
PowerSM Loan, the third-party guarantee for such Parent
PowerSM Loan, together with (i) any marketable securities
held from time to time as security for the performance of
such guarantee and any related collateral or (ii) any
mortgaged property securing the performance of such
guarantee, the related home equity line of credit loan and
any related collateral.
Agreement: This Pooling and Servicing Agreement and
all amendments hereof and supplements hereto.
Allocable Share: (a) As to any Distribution Date and
amounts distributable pursuant to clauses (i) and (iii) of
the definition of Junior Optimal Principal Amount, and as
to each Class of Junior Certificates, the fraction,
expressed as a percentage, the numerator of which is the
Class Certificate Principal Balance of such Class and the
denominator of which is the aggregate Class Certificate
Principal Balance of the Junior Certificates.
(b) As to any Distribution Date and amounts
distributable pursuant to clauses (ii), (iv) and (v) of the
definition of Junior Optimal Principal Amount, and as to
the Class M Certificates and each Class of Class B
Certificates for which the related Prepayment Distribution
Trigger has been satisfied on such Distribution Date, the
fraction, expressed as a percentage, the numerator of which
is the Class Certificate Principal Balance of such
2
<PAGE>
Class and the denominator of which is the aggregate Class
Certificate Principal Balance of all such Classes. As to
any Distribution Date and each Class of Class B
Certificates for which the related Prepayment Distribution
Trigger has not been satisfied on such Distribution Date,
0%.
Amortization Payment: As to any REO Mortgage Loan and
any month, the payment of principal and accrued interest
due in such month in accordance with the terms of the
related Mortgage Note as contemplated by Section 3.08(b).
Amount Held for Future Distribution: As to each
Distribution Date, the total of all amounts credited to the
Mortgage Loan Payment Record as of the preceding
Determination Date on account of (i) Principal Prepayments,
Insurance Proceeds and Liquidation Proceeds received
subsequent to the preceding Prepayment Period applicable to
such receipts, and (ii) monthly payments of principal and
interest due subsequent to the preceding Due Date.
Anniversary Determination Date: The Determination Date
occurring in June of each year that the Certificates are
outstanding, commencing in June 1999.
Assignment of Proprietary Lease: With respect to a
Cooperative Loan, the assignment of the related Proprietary
Lease from the Mortgagor to the originator of the
Cooperative Loan.
Assumed Monthly Payment Reduction: As of any
Anniversary Determination Date and as to any Non-Primary
Residence Loan remaining in the Mortgage Pool whose
original principal balance was 80% or greater of the
Original Value thereof, the excess of (i) the Monthly
Payment thereof calculated on the assumption that the
Mortgage Rate thereon was equal to the weighted average (by
principal balance) of the Remittance Rates of all
Outstanding Mortgage Loans (the "Weighted Average Rate") as
of such Anniversary Determination Date over (ii) the
Monthly Payment thereof calculated on the assumption that
the Remittance Rate thereon was equal to the Weighted
Average Rate less 1.25% per annum.
Available Funds: As to each Distribution Date, an
amount equal to the sum of (i) all amounts credited to the
Mortgage Loan Payment Record pursuant to Section 3.02 as of
the preceding Determination Date, (ii) any Monthly Advance
and any Compensating Interest Payment for such Distribution
Date, (iii) the Purchase Price of any Defective Mortgage
Loans and Defaulted Mortgage Loans deposited in the
Certificate Account on the Business Day preceding such
Distribution Date (including any amounts deposited in the
Certificate Account in connection with any substitution of
a Mortgage Loan as specified in Section 2.03(b)), and (iv)
the purchase price of any defaulted Mortgage Loan purchased
under an agreement entered into pursuant to Section 3.08(e)
as of the end of the preceding Prepayment Period less the
sum of (x) the Amount Held for Future Distribution, (y) the
amount of any Unanticipated Recovery credited to the
Mortgage Loan Payment Record pursuant to clause (vi) of
Section 3.02, and (z) amounts permitted
3
<PAGE>
to be debited from the Mortgage Loan Payment Record
pursuant to clauses (i) through (vii) and (ix) of Section
3.04.
Bankruptcy Coverage Termination Date: The Distribution
Date upon which the Bankruptcy Loss Amount has been reduced
to zero or a negative number (or the CrossOver Date, if
earlier).
Bankruptcy Loss Amount: As of any Determination Date
prior to the first Anniversary Determination Date, the
Bankruptcy Loss Amount shall equal $254,247, as reduced by
the aggregate amount of Deficient Valuations and Debt
Service Reductions since the Cut-off Date. As of any
Determination Date after the first Anniversary
Determination Date, other than an Anniversary Determination
Date, the Bankruptcy Loss Amount shall equal the Bankruptcy
Loss Amount on the immediately preceding Anniversary
Determination Date as reduced by the aggregate amount of
Deficient Valuations and Debt Service Reductions since such
preceding Anniversary Determination Date. As of any
Anniversary Determination Date, the Bankruptcy Loss Amount
shall equal the lesser of (x) the Bankruptcy Loss Amount as
of the preceding Determination Date as reduced by any
Deficient Valuations and Debt Service Reductions for the
preceding Distribution Date, and (y) the greater of (i) the
Fitch Formula Amount for such Anniversary Determination
Date and (ii) the Formula Amount for such Anniversary
Determination Date.
The Bankruptcy Loss Amount may be further reduced by
the Company (including accelerating the manner in which
such coverage is reduced) provided that prior to any such
reduction, the Company shall obtain written confirmation
from each Rating Agency that such reduction shall not
adversely affect the then-current rating assigned to the
related Classes of Certificates by such Rating Agency and
shall provide a copy of such written confirmation to the
Trustee.
Base Servicing Fee: As to any Mortgage Loan and
Distribution Date, an amount equal to the product of (i)
the Scheduled Principal Balance of such Mortgage Loan as of
the Due Date in the preceding calendar month and (ii) the
Base Servicing Fee Rate for such Mortgage Loan. The Base
Servicing Fee for any Distribution Date is subject to
adjustment pursuant to Section 3.08(d) (with respect to a
Realized Loss) or the definition of Interest Loss (with
respect to the interest portion of a Debt Service
Reduction).
Base Servicing Fee Rate: As to any Mortgage Loan, the
per annum rate identified as such for such Mortgage Loan
and set forth in the Mortgage Loan Schedule.
BBA: The British Bankers' Association.
BIF: The Bank Insurance Fund of the FDIC, or its
successor in interest.
Book-Entry Certificate: Any Certificate registered in
the name of the Depository or its nominee, ownership of
which is reflected on the
4
<PAGE>
books of the Depository or on the books of a person
maintaining an account with such Depository (directly or as
an indirect participant in accordance with the rules of
such Depository). As of the Closing Date, each Class of
Certificates, other than the Class B3, Class B4, Class B5,
Class R, Class RL and Class PO Certificates, constitutes a
Class of Book-Entry Certificates.
Book-Entry Nominee: As defined in Section 5.02(b).
Business Day: Any day other than a Saturday or a
Sunday, or a day on which banking institutions in New York
City or the city in which the Corporate Trust Office is
located are authorized or obligated by law or executive
order to be closed.
Buydown Funds: Funds contributed by the Mortgagor or
another source in order to reduce the interest payments
required from the Mortgagor for a specified period in
specified amounts.
Buydown Mortgage Loan: Any Mortgage Loan as to which
the Mortgagor pays less than the full monthly payment
specified in the Mortgage Note during the Buydown Period
and the difference between the amount paid by the Mortgagor
and the amount specified in the Mortgage Note is paid from
the related Buydown Funds.
Buydown Period: The period during which Buydown Funds
are required to be applied to the related Buydown Mortgage
Loan.
Category A Group I Final Distribution Date: The
Distribution Date on which the aggregate Certificate
Principal Balance (or Component Principal Balance, in the
case of the Class A4C Component) of the Category A Group I
Senior Certificates is reduced to zero.
Category A Group I Senior Certificate: Any Class A4
(but only in respect of the Class A4A Component), Class A7,
Class A10, Class A11, Class A12, Class R or Class RL
Certificate.
Category A Group II Senior Certificate: Any Class A13
Certificate.
Category A Percentage: As to any Distribution Date,
32.6744750439%.
Category A Senior Certificate: Any Class A4 (but only
in respect of the Class A4C Component), Class A7, Class
A10, Class A11, Class A12, Class A13, Class R or Class RL
Certificate.
Category A Senior Optimal Principal Amount: As to any
Distribution Date, an amount equal to the Category A
Percentage of the Senior Optimal Principal Amount for such
date.
5
<PAGE>
Category B Group I Final Distribution Date: The
Distribution Date on which the aggregate Certificate
Principal Balance (or Component Principal Balance, in the
case of the Class A4A and Class A4B Components) of the
Category B Group I Senior Certificates is reduced to zero.
Category B Group I Principal Distribution Amount: As
to any Distribution Date, an amount equal to the Category B
Senior Optimal Principal Amount less the Category B Group
II Principal Distribution Amount.
Category B Group I Senior Certificate: Any Class A1,
Class A2, Class A3, Class A4 (but only in respect of the
Class A4A or Class A4B Component), Class A5, Class A6,
Class A14, Class A15 or Class A16 Certificate.
Category B Group II Percentage: With respect to any
Distribution Date, the percentage (carried to six places
rounded up) obtained by dividing (x) the Class Certificate
Principal Balance of the Category B Group II Certificates
immediately preceding such Distribution Date, by (y) the
aggregate Certificate Principal Balance (or Component
Principal Balance, in the case of the Class A4A and Class
A4B Components) of all of the Category B Senior
Certificates immediately preceding such Distribution Date.
Category B Group II Principal Distribution Amount:
With respect to any Distribution Date, the sum of (a) the
total of the amounts described in clauses (i) and (iii) of
the definition of Senior Optimal Principal Amount (without
application of the Senior Percentage or the Senior
Prepayment Percentage) for such date multiplied by the
Category B Group II Scheduled Distribution Percentage for
such date, and (b) the total of
the amounts described in clauses (ii), (iv) and (v) of the
definition of Senior Optimal Principal Amount (without
application of the Senior Prepayment Percentage) for such
date multiplied by the product of (w) the Senior Percentage
for such date, (x) the Category B Group II Percentage for
such date, (y) the Category B Percentage and (z) the Group
II Prepayment Distribution Percentage for such date;
provided, however, (i) on the Category B Group I Final
Distribution Date, the Category B Group II Principal
Distribution Amount will be increased by any Category B
Senior Optimal Principal Amount remaining after
distributions of principal have been made on the Category B
Group I Senior Certificates and (ii) following the Category
B Group I Final Distribution Date, the Category B Group II
Principal Distribution Amount will equal the Category B
Senior Optimal Principal Amount.
Category B Group II Scheduled Distribution Percentage:
For any Distribution Date through the Distribution Date
occurring in May 2003, 0%. For any Distribution Date
occurring after the Distribution Date occurring in May
2003, the product of (i) the Category B Group II Percentage
for such Distribution Date, (ii) the Category B Percentage
and (iii) the Senior Percentage for such Distribution Date.
Notwithstanding the foregoing, on any Distribution Date
after the Category B Group I Final Distribution
6
<PAGE>
Date, the Category B Group II Scheduled Distribution
Percentage will equal the product of the Category B
Percentage and the Senior Percentage for such Distribution
Date.
Category B Group II Senior Certificate: Any Class
A8, Class A17, Class A18 or Class A19 Certificate.
Category B Percentage: As to any Distribution Date,
67.3255249561%.
Category B Senior Certificate: Any Class A1, Class A2,
Class A3, Class A4 (but only in respect of the Class A4A or
Class A4B Component), Class A5, Class A6, Class A8, Class
A14, Class A15, Class A16, Class A17, Class A18 or Class
A19 Certificate.
Category B Senior Optimal Principal Amount: As to any
Distribution Date, an amount equal to the Category B
Percentage of the Senior Optimal Principal Amount for such
date.
Certificate: Any one of the certificates signed and
countersigned by the Trustee in substantially the forms
attached hereto as Exhibit A.
Certificate Account: The trust account or accounts
created and maintained with the Trustee pursuant to Section
3.02 and which must be an Eligible Account.
Certificate Interest Loss: (i) On or prior to the
Cross-Over Date, any Interest Loss in respect of an Excess
Loss and (ii) after the Cross-Over Date, any Interest Loss,
in each case to the extent such Interest Loss is allocable
to the Certificates in accordance with Section 3.08(d)
(with respect to a Realized Loss) or the definition of
Interest Loss (with respect to the interest portion of a
Debt Service Reduction).
Certificate Interest Rate: With respect to any Class
of Certificates, other than the LIBOR Certificates, and as
of any Distribution Date, the per annum fixed rate
specified in Section 5.01(b). With respect to each Class of
LIBOR Certificates, the per annum variable rate at any time
at which interest accrues on the Certificates of such
Class, as determined pursuant to Section 5.01(e).
Certificate Owner: With respect to any Book-Entry
Certificate, the person who is the beneficial owner thereof.
Certificate Principal Balance: As to any Certificate
other than a Notional Certificate, and as of any
Distribution Date, the Initial Certificate Principal
Balance of such Certificate (plus, in the case of any
Accrual Certificate, its Percentage Interest of any related
Accrual Amount for each previous Distribution Date) less
the sum of (i) all amounts distributed with respect to such
Certificate in reduction of the Certificate Principal
Balance thereof on previous Distribution Dates pursuant to
Section 4.01, (ii) any Realized Losses allocated to such
Certificate on previous Distribution Dates pursuant to
Section 4.03(b) and (c), and (iii) in the case of a
Subordinate Certificate, such
7
<PAGE>
Certificate's Percentage Interest of the Subordinate
Certificate Writedown Amount allocated to such Certificate
on previous Distribution Dates. The Notional Certificates
are issued without Certificate Principal Balances.
Certificate Register and Certificate Registrar: The
register maintained and the registrar appointed pursuant to
Section 5.02.
Certificateholder or Holder: The person in whose name
a Certificate is registered in the Certificate Register,
except that, solely for the purposes of giving any consent
pursuant to this Agreement, a Certificate of any Class to
the extent that the Company or any affiliate is the
Certificate Owner or Holder thereof (except to the extent
the Company or any affiliate thereof shall be the
Certificate Owner or Holder of all Certificates of such
Class), shall be deemed not to be outstanding and the
Percentage Interest (or Voting Rights) evidenced thereby
shall not be taken into account in determining whether the
requisite amount of Percentage Interests (or Voting Rights)
necessary to effect any such consent has been obtained;
provided, however, that in determining whether the Trustee
shall be protected in relying on such consent only the
Certificates that the Trustee knows to be so held shall be
so disregarded.
Class: All Certificates bearing the same class
designation or any Lower Tier Interest.
Class A13 Percentage: With respect to any Distribution
Date, the percentage (carried to six places rounded up)
obtained by dividing (x) the Class Certificate Principal
Balance of the Class A13 Certificates immediately preceding
such Distribution Date, by (y) the aggregate Class
Certificate Principal Balance (or Component Principal
Balance, in the case of the Class A4C Component) of all of
the Category A Senior Certificates immediately preceding
such Distribution Date.
Class A13 Principal Distribution Amount: With respect
to any Distribution Date, the sum of (a) the total of the
amounts described in clauses (i) and (iii) of the
definition of Senior Optimal Principal Amount (without
application of the Senior Percentage or the Senior
Prepayment Percentage) for such date multiplied by the
Class A13 Scheduled Distribution Percentage for such date
and (b) the total of the amounts described in clauses (ii),
(iv) and (v) of the definition of Senior Optimal Principal
Amount (without application of the Senior Prepayment
Percentage) for such date multiplied by the product of (w)
the Senior Percentage for such date, (x) the Class A13
Percentage for such date, (y) the Category A Percentage and
(z) the Group II Prepayment Distribution Percentage for
such date; provided, however, (i) on the Category A Group I
Final Distribution Date, the Class A13 Principal
Distribution Amount will be increased by any Category A
Senior Optimal Principal Amount remaining after
distributions of principal have been made on the Category A
Group I Senior Certificates and (ii) following the Category
A Group I Final Distribution Date, the Class A13 Principal
Distribution Amount will equal the Category A Senior
Optimal Principal Amount.
8
<PAGE>
Class A13 Scheduled Distribution Percentage: For any
Distribution Date through the Distribution Date occurring
in May 2003, 0%. For any Distribution Date occurring after
the Distribution Date occurring in May 2003, the product of
(i) the Class A13 Percentage for such Distribution Date,
(ii) the Category A Percentage and (iii) the Senior
Percentage for such Distribution Date. Notwithstanding the
foregoing, on any Distribution Date after the Category A
Group I Final Distribution Date, the Class A13 Scheduled
Distribution Percentage will equal the product of the
Category A Percentage and the Senior Percentage for such
Distribution Date.
Class B Certificate: Any Class B1, Class B2, Class B3,
Class B4 or Class B5 Certificate.
Class Certificate Principal Balance: As to any Class
of Certificates, other than any Class of Notional
Certificates, and as of any date of determination, the
aggregate of the Certificate Principal Balances of all
Certificates of such Class. The Class Certificate Principal
Balance of each such Class of Certificates as of the
Closing Date is specified in Section 5.01(b).
Class Interest Shortfall: As to any Distribution Date
and any Class of Certificates (other than any Class of
Principal Only Certificates or any Class consisting of
Specified Components) or any Specified Component, any
amount by which the amount distributed to Holders of such
Class of Certificates or in respect of such Specified
Component (or added to the Class Certificate Principal
Balance of any Class of Accrual Certificates or to the
Component Principal Balance of any Accrual Component
constituting a Specified Component) on such Distribution
Date is less than the Accrued Certificate Interest thereon
or in respect thereof for such Distribution Date. As to any
Distribution Date and any Class of Certificates consisting
of Specified Components, the sum of the Class Interest
Shortfalls for such Components on such date.
Class PO Deferred Amount: As to any Distribution Date
on or prior to the CrossOver Date, the aggregate of the
applicable PO Percentage of the principal portion of each
Realized Loss, other than any Excess Loss, to be allocated
to the Class PO Certificates on such Distribution Date or
previously allocated to the Class PO Certificates and not
yet paid to the Holders of the Class PO Certificates
pursuant to Section 4.01(a)(iv).
Closing Date: May 28, 1998.
Code: The Internal Revenue Code of 1986, as it may be
amended from time to time, any successor statutes thereto,
and applicable U.S. Department of the Treasury temporary or
final regulations promulgated thereunder.
COFI: The monthly weighted average cost of funds for
savings institutions the home offices of which are located
in Arizona, California, or Nevada that are member
institutions of the Eleventh Federal Home Loan Bank
District, as computed from
9
<PAGE>
statistics tabulated and published by the Federal Home Loan
Bank of San Francisco in its monthly Information Bulletin.
COFI Certificates: None.
COFI Determination Date: As to each Interest Accrual
Period for any COFI Certificates, the last Business Day of
the calendar month preceding the commencement of such
Interest Accrual Period.
Company: GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of the
State of New Jersey, or its successor in interest or, if
any successor servicer is appointed as herein provided,
then such successor servicer.
Compensating Interest Payment: With respect to any
Distribution Date, an amount equal to the aggregate of the
Interest Shortfalls described in clauses (a) and (b) of the
definition thereof with respect to such Distribution Date;
provided, however, that such amount shall not exceed the
lesser of (i) an amount equal to the product of (x) the
Pool Scheduled Principal Balance with respect to such
Distribution Date and (y) one-twelfth of 0.125%, and (ii)
the aggregate of the Base Servicing Fees that the Company
would be entitled to retain on such Distribution Date (less
any portion thereof paid as servicing compensation to any
Primary Servicer) without giving effect to any Compensating
Interest Payment.
Component: Any of the components of a Class of
Component Certificates having the designations and the
initial Component Principal Balances as follows:
Initial Component
Designation Principal Balance
----------- -----------------
Class A4A $7,519,286.00
Class A4B 185,186.00
Class A4C 184,667.00
Component Certificate: Any Class A4 Certificate.
Component Interest Rate: None.
Component Principal Balance: As of any Distribution
Date, and with respect to any Component, other than any
Notional Component, the initial Component Principal
Balance thereof (as set forth, as applicable, in the
definition of Component) (plus, in the case of any Accrual
Component, any related Accrual Amount for each previous
Distribution Date) less the sum of (x) all amounts
distributed in reduction thereof on previous Distribution
Dates pursuant to Section 4.01 and (y) the amount of all
Realized Losses allocated thereto pursuant to Section
4.03(d).
10
<PAGE>
Confirmatory Mortgage Note: With respect to any
Mortgage Loan, a note or other evidence of indebtedness
executed by the Mortgagor confirming its obligation under
the note or other evidence of indebtedness previously
executed by the Mortgagor upon the origination of the
related Mortgage Loan.
Cooperative: A private, cooperative housing
corporation organized in accordance with applicable state
laws which owns or leases land and all or part of a
building or buildings located in the relevant state,
including apartments, spaces used for commercial purposes
and common areas therein and whose board of directors
authorizes, among other things, the sale of Cooperative
Stock.
Cooperative Apartment: A dwelling unit in a
multi-dwelling building owned or leased by a Cooperative,
which unit the Mortgagor has an exclusive right to occupy
pursuant to the terms of one or more Proprietary Leases.
Cooperative Loans: Any of the Mortgage Loans made in
respect of a Cooperative Apartment, evidenced by a Mortgage
Note and secured by (i) a Security Agreement, (ii) the
related Cooperative Stock Certificate(s), (iii) an
assignment of the Proprietary Lease(s), (iv) financing
statements and (v) a stock power (or other similar
instrument), and in addition thereto, a recognition
agreement between the Cooperative and the originator of the
Cooperative Loan, each of which was transferred and
assigned to the Trustee pursuant to Section 2.01 and are
from time to time held as part of the Trust Fund. The
Mortgage Loans identified in Exhibit C hereto are
Cooperative Loans.
Cooperative Stock: With respect to a Cooperative Loan,
the single outstanding class of stock, partnership interest
or other ownership instrument in the related Cooperative.
Cooperative Stock Certificate: With respect to a
Cooperative Loan, the stock certificate(s) or other
instrument evidencing the related Cooperative Stock.
Corporate Trust Office: The principal office of the
Trustee at which at any particular time its corporate trust
business shall be administered, which office at the date of
the execution of this instrument is located at Two
International Place, Boston, Massachusetts 02110,
Attention: Corporate Trust Department.
Corresponding Class: With respect to any Class of
Lower Tier Interests, the Class or Classes of Certificates,
and with respect to any Class of Certificates, the Class or
Classes of Lower Tier Interests, appearing opposite such
Class of Lower Tier Interests or Certificates in the table
included in Section 2.05(a).
Corresponding Component: With respect to any Class of
Lower Tier Interests, the Component or Components of a
Class of Certificates, and with respect to any Component or
Components of a Class of Certificates, the Class or Classes
of Lower Tier
11
<PAGE>
Interests, appearing opposite such Class of Lower Tier
Interests or Components in the table included in Section
2.05(a).
Cross-Over Date: The first Distribution Date on which
the aggregate Class Certificate Principal Balance of the
Junior Certificates has been reduced to zero (giving effect
to all distributions on such Distribution Date).
Cut-off Date: May 1, 1998.
Debt Service Reduction: As to any Mortgage Loan and
any Determination Date, the excess of (a) the then current
Monthly Payment for such Mortgage Loan over (b) the amount
of the monthly payment of principal and interest required
to be paid by the Mortgagor as established by a court of
competent jurisdiction as a result of a proceeding
initiated by or against the related Mortgagor under the
Bankruptcy Code, as amended from time to time (11 U.S.C.).
Defaulted Mortgage Loan: With respect to any
Determination Date, a Mortgage Loan as to which the related
Mortgagor has failed to make unexcused payment in full of a
total of three or more consecutive installments of
principal and interest, and as to which such delinquent
installments have not been paid, as of the close of
business on the last Business Day of the month next
preceding the month of such Determination Date.
Defective Mortgage Loan: Any Mortgage Loan which is
required to be purchased by the Company (or which the
Company may replace with a substitute Mortgage Loan)
pursuant to Section 2.02 or 2.03(a).
Deficient Valuation: As to any Mortgage Loan and any
Determination Date, the excess of (a) the then outstanding
indebtedness under such Mortgage Loan over (b) the
valuation by a court of competent jurisdiction of the
related Mortgaged Property as a result of a proceeding
initiated by or against the related Mortgagor under the
Bankruptcy Code, as amended from time to time (11 U.S.C.),
pursuant to which such Mortgagor retained such Mortgaged
Property.
Definitive Certificate: Any Certificate, other than a
Book-Entry Certificate, issued in definitive, fully
registered form.
Definitive Restricted Junior Certificate: Any
Restricted Junior Certificate that is in the form of a
Definitive Certificate.
Depository: The initial Depository shall be The
Depository Trust Company, the nominee of which is CEDE &
Co. The Depository shall at all times be a "clearing
corporation" as defined in Section 8-102(3) of the Uniform
Commercial Code of the State of New York, as amended, or
any successor provisions thereto.
12
<PAGE>
Depository Participant: A broker, dealer, bank or
other financial institution or other Person for which, from
time to time, the Depository effects book-entry transfers
and pledges of securities deposited with such Depository.
Designated Loan Closing Documents: With respect to any
Designated Loan, a Lost Note Affidavit substantially in the
form of Exhibit L, and an assignment of the related
Mortgage to the Trustee in recordable form (except for the
omission therein of recording information concerning such
Mortgage).
Designated Loans: None.
Designated Telerate Page: The Dow Jones Telerate
Service page 3750 (or such other page as may replace page
3750 on that service or such other service as may be
nominated by the BBA for the purpose of displaying the
Interest Settlement Rates).
Determination Date: With respect to any Distribution
Date, the fifth Business Day prior thereto.
Discount Mortgage Loan: Any Mortgage Loan with a Net
Mortgage Rate less than 6.75% per annum.
Disqualified Organization: Any of the following: (i)
the United States, any State or political subdivision
thereof, or any agency or instrumentality of any of the
foregoing (including but not limited to state pension
organizations); (ii) a foreign government, International
Organization or any agency or instrumentality of either of
the foregoing; (iii) an organization (except certain
farmers' cooperatives described in Code section 521) which
is exempt from tax imposed by Chapter 1 of the Code
(including the tax imposed by section 511 of the Code on
unrelated business taxable income); and (iv) a rural
electric and telephone cooperative described in Code
section 1381(a)(2)(C). The terms "United States," "State"
and "International Organization" shall have the meanings
set forth in Code section 7701 or successor provisions. A
corporation will not be treated as an instrumentality of
the United States or of any State or political subdivision
thereof for these purposes if all of its activities are
subject to tax and a majority of its board of directors is
not selected by such governmental unit.
Distribution Date: The 25th day of each calendar month
after the month of initial issuance of the Certificates,
or, if such 25th day is not a Business Day, the next
succeeding Business Day.
Distribution Date Statement: The statement referred
to in Section 4.05(a).
Document File: As defined in Section 2.01.
Due Date: The first day of the month of the related
Distribution Date.
13
<PAGE>
Eligible Account: An account that is either (i)
maintained with a depository institution the debt
obligations of which have been rated by each Rating Agency
in one of its two highest long-term rating categories and
has been assigned by S&P its highest short-term rating,
(ii) an account or accounts the deposits in which are fully
insured by either the BIF or the SAIF, (iii) an account or
accounts, in a depository institution in which such
accounts are insured by the BIF or the SAIF (to the limits
established by the FDIC), the uninsured deposits in which
accounts are either invested in Permitted Investments or
are otherwise secured to the extent required by the Rating
Agencies such that, as evidenced by an Opinion of Counsel
delivered to the Trustee, the Certificateholders have a
claim with respect to the funds in such account or a
perfected first security interest against any collateral
(which shall be limited to Permitted Investments) securing
such funds that is superior to claims of any other
depositors or creditors of the depository institution with
which such account is maintained, (iv) a trust account
maintained with the corporate trust department of a federal
or state chartered depository institution or of a trust
company with trust powers and acting in its fiduciary
capacity for the benefit of the Trustee hereunder or (v)
such account as will not cause either Rating Agency to
downgrade or withdraw its then-current rating assigned to
the Certificates, as evidenced in writing by the Rating
Agencies.
ERISA: The Employee Retirement Income Security Act of
1974, as amended.
ERISA-Restricted Certificate: Any Junior Certificate.
Event of Default: An event described in Section 7.01.
Excess Bankruptcy Loss: Any Deficient Valuation or
Debt Service Reduction, or portion thereof, (i) occurring
after the Bankruptcy Coverage Termination Date or (ii) if
on such date, in excess of the then-applicable Bankruptcy
Loss Amount.
Excess Fraud Loss: Any Fraud Loss, or portion thereof,
(i) occurring after the Fraud Coverage Termination Date or
(ii) if on such date, in excess of the then-applicable
Fraud Loss Amount.
Excess Loss: Any Excess Bankruptcy Loss, Excess Fraud
Loss or Excess Special Hazard Loss.
Excess Special Hazard Loss: Any Special Hazard Loss,
or portion thereof, (i) occurring after the Special Hazard
Termination Date or (ii) if on such date, in excess of the
then-applicable Special Hazard Loss Amount.
FDIC: The Federal Deposit Insurance Corporation, or
its successor in interest.
FHLMC: The Federal Home Loan Mortgage Corporation or
its successor in interest.
14
<PAGE>
Financial Intermediary: A broker, dealer, bank or
other financial institution or other Person that clears
through or maintains a custodial relationship with a
Depository Participant.
Fitch: Fitch IBCA, Inc. and its successors.
Fitch Formula Amount: As to each Anniversary
Determination Date, the greater of (i) $50,000 and (ii) the
product of (x) the greatest Assumed Monthly Payment
Reduction for any Non-Primary Residence Loan whose original
principal balance was 80% or greater of the Original Value
thereof, (y) the weighted average remaining term to
maturity (expressed in months) of all the Non-Primary
Residence Loans remaining in the Mortgage Pool as of such
Anniversary Determination Date, and (z) the sum of (A) one
plus (B) the number of all remaining Non-Primary Residence
Loans divided by the total number of Outstanding Mortgage
Loans as of such Anniversary Determination Date.
FNMA: The Federal National Mortgage Association or
its successor in interest.
Formula Amount: As to each Anniversary Determination
Date, the greater of (i) $100,000 and (ii) the product of
(x) 0.06% and (y) the Scheduled Principal Balance of each
Mortgage Loan remaining in the Mortgage Pool whose original
principal balance was 75% or greater of the Original Value
thereof.
Fraud Coverage Termination Date: The Distribution Date
upon which the related Fraud Loss Amount has been reduced
to zero or a negative number (or the Cross-Over Date, if
earlier).
Fraud Loss: Any Realized Loss attributable to fraud
in the origination of the related Mortgage Loan.
Fraud Loss Amount: As of any Distribution Date after
the Cut-off Date, (x) prior to the first anniversary of the
Cut-off Date, an amount equal to $7,516,282 minus the
aggregate amount of Fraud Losses that would have been
allocated to the Junior Certificates in accordance with
Section 4.03 in the absence of the Loss Allocation
Limitation since the Cut-off Date, and (y) from the first
to the fifth anniversary of the Cut-off Date, an amount
equal to (1) the lesser of (a) the Fraud Loss Amount as of
the most recent anniversary of the Cut-off Date and (b) 1%
(from the first to but excluding the third anniversaries of
the Cut-off Date) or 0.5% (from and including the third to
but excluding the fifth anniversaries of the Cut-off Date)
of the aggregate outstanding principal balance of all of
the Mortgage Loans as of the most recent anniversary of the
Cut-off Date minus (2) the Fraud Losses that would have
been allocated to the Junior Certificates in accordance
with Section 4.03 in the absence of the Loss Allocation
Limitation since the most recent anniversary of the Cut-off
Date. On or after the fifth anniversary of the Cut-off Date
the Fraud Loss Amount shall be zero.
15
<PAGE>
Group II Prepayment Distribution Percentage: 0%
through the Distribution Date in May 2003; 30% thereafter
through the Distribution Date in May 2004; 40% thereafter
through the Distribution Date in May 2005; 60% thereafter
through the Distribution Date in May 2006; 80% thereafter
through the Distribution Date in May 2007; and 100%
thereafter.
Initial Certificate Principal Balance: With respect to
any Certificate, other than a Notional Certificate, the
Certificate Principal Balance of such Certificate or any
predecessor Certificate on the Closing Date.
Initial LIBOR Rate: 5.65625%
Insurance Proceeds: Proceeds paid pursuant to the
Primary Insurance Policies, if any, and amounts paid by any
insurer pursuant to any other insurance policy covering a
Mortgage Loan.
Insured Expenses: Expenses covered by the Primary
Insurance Policies, if any, or any other insurance policy
or policies applicable to the Mortgage Loans.
Interest Accrual Period: With respect to any
Distribution Date and any Class of Certificates or
Component, the one-month period ending on the last day of
the month preceding the month in which such Distribution
Date occurs. The Interest Accrual Period for each Class of
Lower Tier Interests shall be the Interest Accrual Period
for such Class of Lower Tier Interest's Corresponding Class
(or Classes).
Interest Loss: (i) With respect to any Realized Loss,
the excess of accrued and unpaid interest due on the
related Mortgage Loan over the amount allocated to interest
thereon in accordance with Section 3.08(d), and (ii) with
respect to any Debt Service Reduction and any calendar
month, the reduction in the amount of interest due on the
related Mortgage Loan during such month as a result of the
relevant bankruptcy proceeding.
The amount of any Interest Loss described in clause
(i) of the preceding paragraph will be allocated among the
Base Servicing Fee, the Supplemental Servicing Fee and the
Certificates in accordance with Section 3.08(d). The amount
of any Interest Loss described in clause (ii) of the
preceding paragraph will be allocated among the Base
Servicing Fee, the Supplemental Servicing Fee and the
Certificates in proportion to the amount of interest that
would have been allocated to the Base Servicing Fee at the
Base Servicing Fee Rate, the Supplemental Servicing Fee at
the Supplemental Servicing Fee Rate and interest at the
Remittance Rate, respectively, in the absence of the Debt
Service Reduction.
Interest Settlement Rate: With respect to any Interest
Accrual Period, the rate (expressed as a percentage per
annum) for one-month U.S. Dollar deposits reported by
16
<PAGE>
the BBA at 11:00 a.m. London time on the related LIBOR
Determination Date and as it appears on the Designated
Telerate Page.
Interest Shortfall: With respect to any Distribution
Date and each Mortgage Loan that during the related
Prepayment Period was the subject of a Voluntary Principal
Prepayment or constitutes a Relief Act Mortgage Loan, an
amount determined as follows:
(A) partial principal prepayments: one month's
interest at the applicable Net Mortgage Rate on the
amount of such prepayment;
(B) principal prepayments in full received on or
after the sixteenth day of the month preceding the
month of such Distribution Date (or, in the case of
the first Distribution Date, on or after the Cut-off
Date) but on or before the last day of the month
preceding the month of such Distribution Date, the
difference between (i) one month's interest at the
applicable Net Mortgage Rate on the Scheduled
Principal Balance of such Mortgage Loan immediately
prior to such prepayment and (ii) the amount of
interest for the calendar month of such prepayment
(adjusted to the applicable Net Mortgage Rate)
received at the time of such prepayment;
(C) principal prepayments in full received by the
Company (or of which the Company receives notice, in
the case of a Mortgage Loan serviced by a Primary
Servicer) on or after the first day but on or before
the fifteenth day of the month of such Distribution
Date: none; and
(D) Relief Act Mortgage Loans: As to any Relief
Act Mortgage Loan, the excess of (i) 30 days' interest
(or, in the case of a Principal Prepayment in full,
interest to the date of prepayment) on the Scheduled
Principal Balance thereof (or, in the case of a
Principal Prepayment in part, on the amount so
prepaid) at the related Net Mortgage Rate over (ii) 30
days' interest (or, in the case of a Principal
Prepayment in full, interest to the date of
prepayment) on such Scheduled Principal Balance (or,
in the case of a Principal Prepayment in part, on the
amount so prepaid) at the Net Mortgage Rate required
to be paid by the Mortgagor as limited by application
of the Relief Act.
For purposes of the definitions of Net Interest
Shortfall and Supplemental Servicing Fee, the amount of any
Interest Shortfall shall be allocated between the
Certificates and the Supplemental Servicing Fee in
proportion to the amount of interest that would have been
allocated to the Certificates (at the Remittance Rate) and
the Supplemental Servicing Fee (at the Supplemental
Servicing Fee Rate), respectively, in the absence of such
Interest Shortfall.
Junior Certificate: Any Class M or Class B
Certificate.
17
<PAGE>
Junior Optimal Principal Amount: As to any
Distribution Date, an amount equal to the sum of the
following (but in no event greater than the aggregate
Certificate Principal Balance of the Junior Certificates
immediately prior to such Distribution Date):
(i) the Junior Percentage of the applicable Non-PO
Percentage of the principal portion of each Monthly Payment
due on the related Due Date on each Outstanding Mortgage
Loan as of such Due Date as specified in the amortization
schedule at the time applicable thereto (after adjustment
for previous Principal Prepayments and the principal
portion of Debt Service Reductions subsequent to the
Bankruptcy Coverage Termination Date but before any
adjustment to such amortization schedule by reason of any
bankruptcy (other than as aforesaid) or similar proceeding
or any moratorium or similar waiver or grace period);
(ii) the Junior Prepayment Percentage of the
applicable Non-PO Percentage of all principal prepayments
in part received during the related Prepayment Period, and
100% of any Senior Optimal Principal Amount not distributed
to the Senior Certificates on such Distribution Date,
together with the Junior Prepayment Percentage of the
applicable Non-PO Percentage of the Scheduled Principal
Balance of each Mortgage Loan which was the subject of a
Voluntary Principal Prepayment in full during the related
Prepayment Period;
(iii) the excess, if any, of (x) the applicable
Non-PO Percentage of the sum of (A) all Net Liquidation
Proceeds allocable to principal received during the related
Prepayment Period (other than in respect of Mortgage Loans
described in clause (B)) and (B) the principal balance of
each Mortgage Loan that was purchased by an insurer from
the Trustee during the related Prepayment Period pursuant
to the related Primary Insurance Policy, over (y) the
amount distributable pursuant to clause (iii) of the
definition of Senior Optimal Principal Amount on such
Distribution Date;
(iv) the Junior Prepayment Percentage of the
applicable Non-PO Percentage of the Scheduled Principal
Balance of each Mortgage Loan which was purchased on such
Distribution Date pursuant to Section 2.02, 2.03(a) or
3.16; and
(v) the Junior Prepayment Percentage of the
applicable Non-PO Percentage of the Substitution Amount for
any Mortgage Loan substituted during the month of such
Distribution Date.
For purposes of clause (ii) above, a Voluntary
Principal Prepayment in full with respect to a Mortgage
Loan serviced by a Primary Servicer shall be deemed to have
been received when the Company, as servicer, receives
notice thereof.
After the Class Certificate Principal Balances of the
Junior Certificates have been reduced to zero, the Junior
Optimal Principal Amount shall be zero.
Junior Percentage: As to any Distribution Date, the
excess of 100% over the Senior Percentage for such
Distribution Date.
18
<PAGE>
Junior Prepayment Percentage: As to any Distribution
Date, the excess of 100% over the Senior Prepayment
Percentage for such Distribution Date, except that (i)
after the aggregate Certificate Principal Balance of the
Senior Certificates other than the Class PO Certificates
has been reduced to zero, the Junior Prepayment Percentage
shall be 100%, and (ii) after the Cross-Over Date, the
Junior Prepayment Percentage shall be zero.
Latest Possible Maturity Date: May 25, 2030.
LIBOR: With respect to any Interest Accrual Period,
the per annum rate determined, pursuant to Section 5.08, on
the basis of the Interest Settlement Rate or as otherwise
provided in such Section.
LIBOR Certificate: Any Class A6 or Class A16
Certificate.
LIBOR Determination Date: The second London Banking
Day immediately preceding the commencement of each Interest
Accrual Period for any LIBOR Certificates.
Liquidated Mortgage Loan: Any defaulted Mortgage Loan
as to which the Company has determined that all amounts
which it expects to recover on behalf of the Trust Fund
from or on account of such Mortgage Loan have been
recovered, including any Mortgage Loan with respect to
which the Company determines not to foreclose upon the
related Mortgaged Property based on its belief that such
Mortgaged Property may be contaminated with or affected by
hazardous or toxic wastes, materials or substances.
Liquidation Expenses: Expenses which are incurred by
the Company in connection with the liquidation of any
defaulted Mortgage Loan and not recovered by the Company
under any Primary Insurance Policy for reasons other than
the Company's failure to comply with Section 3.05, such
expenses including, without limitation, legal fees and
expenses, and, regardless of when incurred, any
unreimbursed amount expended by the Company pursuant to
Section 3.03 or Section 3.06 respecting the related
Mortgage Loan and any related and unreimbursed Property
Protection Expenses.
Liquidation Proceeds: Cash (other than Insurance
Proceeds) received in connection with the liquidation of
any defaulted Mortgage Loan whether through judicial
foreclosure or otherwise.
Loan-to-Value Ratio: With respect to each Mortgage
Loan, the original principal amount of such Mortgage Loan,
divided by the Original Value of the related Mortgaged
Property.
London Banking Day: Any day on which banks are open
for dealing in foreign currency and exchange in London,
England.
19
<PAGE>
Loss Allocation Limitation: As defined in Section
4.03(g).
Lower Tier Balance: As to each Class of Lower Tier
Interests and any Distribution Date, the initial Lower Tier
Balance thereof set forth or specified in Section 2.05(a)
(plus, in the case of any Class of Lower Tier Interests as
to which the Corresponding Class is a Class of Accrual
Certificates or includes one or more Accrual Components, an
amount equal to the Accrual Amount for such Corresponding
Class or each such Accrual Component for each previous
Distribution Date) less the sum of (i) the aggregate amount
of principal allocable thereto on previous Distribution
Dates pursuant to Section 2.05(c) and (ii) any Realized
Losses or Subordinate Certificate Writedown Amount
allocated thereto on previous Distribution Dates.
Lower Tier Interest: Any one of the Classes of
regular interests in the Lower Tier REMIC described as such
in Section 2.05(a).
Lower Tier Interest Rate: As to each Lower Tier
Interest, the applicable "Lower Tier Interest Rate," if
any, set forth in Section 2.05(a).
Lower Tier REMIC: One of the two separate REMICs
comprising the Trust Fund, the assets of which consist of
the assets and rights specified in clauses (i) through
(viii) and (x) of the definition of the term Trust Fund.
MLCC: Merrill Lynch Credit Corporation, or its
successor in interest.
Monthly Advance: With respect to any Distribution
Date, the aggregate of the advances required to be made by
the Company pursuant to Section 4.04(a) (or by the Trustee
pursuant to Section 4.04(b)) on such Distribution Date, the
amount of any such Monthly Advance being equal to (a) the
aggregate of payments of principal and interest (adjusted
to the related Remittance Rate) on the Mortgage Loans that
were due on the related Due Date, without regard to any
arrangements entered into by the Company with the related
Mortgagors pursuant to Section 3.02(a)(ii), and delinquent
as of the close of business on the Business Day next
preceding the related Determination Date, less (b) the
amount of any such payments which the Company or the
Trustee, as applicable, in its reasonable judgment believes
will not be ultimately recoverable by it either out of late
payments by the Mortgagor, Net Liquidation Proceeds,
Insurance Proceeds, REO Proceeds or otherwise. With respect
to any Mortgage Loan, the portion of any such advance or
advances made with respect thereto.
Monthly Payment: The scheduled monthly payment on a
Mortgage Loan for any month allocable to principal or
interest on such Mortgage Loan.
Moody's: Moody's Investors Service, Inc. and its
successors.
Mortgage: The mortgage or deed of trust creating a
first lien on a fee simple interest or leasehold estate in
real property securing a Mortgage Note.
20
<PAGE>
Mortgage 100SM Loan: A Mortgage Loan identified on
Exhibit N hereof that has a Loan-to-Value Ratio at
origination in excess of 80.00% and that is secured by
Additional Collateral and does not have a Primary Insurance
Policy.
Mortgage File: The mortgage documents listed in
Section 2.01 pertaining to a particular Mortgage Loan and
any additional documents required to be added to such
documents pursuant to this Agreement.
Mortgage Loan Payment Record: The record maintained by
the Company pursuant to Section 3.02(b).
Mortgage Loan Schedule: As of any date of
determination, the schedule of Mortgage Loans included in
the Trust Fund. The initial schedule of Mortgage Loans as
of the Cut-off Date is attached hereto as Exhibit C.
Mortgage Loans: As of any date of determination, each
of the mortgage loans identified on the Mortgage Loan
Schedule (as amended pursuant to Section 2.03(b)) delivered
and assigned to the Trustee pursuant to Section 2.01 or
2.03(b), and not theretofore released from the Trust Fund
by the Trustee.
Mortgage Note: With respect to any Mortgage Loan, the
note or other evidence of indebtedness (which may consist
of a Confirmatory Mortgage Note) evidencing the
indebtedness of a Mortgagor under such Mortgage Loan.
Mortgage Pool: The aggregate of the Mortgage Loans
identified in the Mortgage Loan Schedule.
Mortgage Rate: The per annum rate of interest borne
by a Mortgage Loan as set forth in the related Mortgage
Note.
Mortgaged Property: The underlying real property
securing the Mortgage Loan, or with respect to a
Cooperative Loan, the related Proprietary Lease and
Cooperative Stock.
Mortgagor: With respect to any Mortgage Loan, each
obligor on the related Mortgage Note.
Net Interest Shortfall: With respect to any
Distribution Date, the excess, if any, of the aggregate
Interest Shortfalls allocable to the Certificates (as
determined in accordance with the definition of Interest
Shortfall) for such Distribution Date over any Compensating
Interest Payment for such date.
Net Liquidation Proceeds: As to any Liquidated
Mortgage Loan, the sum of (i) any Liquidation Proceeds
therefor less the related Liquidation Expenses, and (ii)
any
21
<PAGE>
Insurance Proceeds therefor, other than any such Insurance
Proceeds applied to the restoration of the related
Mortgaged Property.
Net Mortgage Rate: With respect to any Mortgage Loan,
the related Mortgage Rate less the applicable Base
Servicing Fee Rate.
Non-Book-Entry Certificate: Any Certificate other
than a Book-Entry Certificate.
Non-Credit Loss: Any Fraud Loss, Special Hazard Loss
or Deficient Valuation.
Non-Discount Mortgage Loan: Any Mortgage Loan with a
Net Mortgage Rate greater than or equal to 6.75% per annum.
Non-permitted Foreign Holder: As defined in Section
5.02(b).
Non-PO Percentage: As to any Discount Mortgage Loan, a
fraction (expressed as a percentage), the numerator of
which is the Net Mortgage Rate of such Discount Mortgage
Loan and the denominator of which is 6.75%. As to any
Non-Discount Mortgage Loan, 100%.
Non-Primary Residence Loan: Any Mortgage Loan secured
by a Mortgaged Property that is (on the basis of
representations made by the Mortgagors at origination) a
second home or investor-owned property.
Nonrecoverable Advance: All or any portion of any
Monthly Advance or Monthly Advances previously made by the
Company (or the Trustee) which, in the reasonable judgment
of the Company (or, as applicable, the Trustee) will not be
ultimately recoverable from related Net Liquidation
Proceeds, Insurance Proceeds, REO Proceeds or otherwise.
The determination by the Company that it has made a
Nonrecoverable Advance or that any advance, if made, would
constitute a Nonrecoverable Advance, shall be evidenced by
an Officer's Certificate of the Company delivered to the
Trustee and detailing the reasons for such determination.
Non-U.S. Person: As defined in Section 4.02(c).
Notional Certificate: Any Class A9 Certificate.
Notional Component: None.
Notional Component Balance: None.
Notional Principal Balance: As to any Distribution
Date and the Class A9 Certificates, 3.7037% of the sum of
the Class Certificate Principal Balances of the Class A1,
Class A2 and Class A15 Certificates for such Distribution
Date. As to any Distribution Date and any Notional
Certificate, such Notional Certificate's Percentage
22
<PAGE>
Interest of the aggregate Notional Principal Balance of the
Notional Certificates of the same Class for such
Distribution Date.
Officer's Certificate: A certificate signed by the
President, a Senior Vice President or a Vice President of
the Company and delivered to the Trustee.
Opinion of Counsel: A written opinion of counsel, who
may be counsel for the Company; provided, however, that any
Opinion of Counsel with respect to the interpretation or
application of the REMIC Provisions or the status of an
account as an Eligible Account shall be the opinion of
independent counsel satisfactory to the Trustee.
Original Subordinate Principal Balance: As set forth
in the definition of Senior Prepayment Percentage.
Original Value: The value of the property underlying a
Mortgage Loan based, in the case of the purchase of the
underlying Mortgaged Property, on the lower of an appraisal
satisfactory to the Company or the sales price of such
property or, in the case of a refinancing, on an appraisal
satisfactory to the Company.
Outstanding Mortgage Loan: With respect to any Due
Date, a Mortgage Loan which, prior to such Due Date, was
not the subject of a Principal Prepayment in full, did not
become a Liquidated Mortgage Loan and was not purchased
pursuant to Section 2.02, 2.03(a) or 3.16 or replaced
pursuant to Section 2.03(b).
Outstanding Non-Discount Mortgage Loan: Any
Outstanding Mortgage Loan that is a Non-Discount Mortgage
Loan.
PAC Balance: As to any Distribution Date and any Class
of PAC Certificates and any PAC Component, the balance
designated as such for such Distribution Date and such
Class or Component as set forth in the Principal Balance
Schedules.
PAC Certificate: Any Class A1, Class A2 or Class A15
Certificate.
PAC Component: None.
Parent PowerSM Loan: A Mortgage Loan identified on
Exhibit N hereto that has a Loan-to-Value Ratio at
origination in excess of 80.00%, that is supported by
Additional Collateral and does not have a Primary Insurance
Policy.
Pay-out Rate: With respect to any Class of
Certificates (other than any Class of Principal Only
Certificates) and any Distribution Date, the rate at which
interest is distributed on such Class on such Distribution
Date and which is equal to a fraction (expressed as an
annualized percentage) the numerator of which is the
Accrued Certificate Interest for such Class and
Distribution Date, and the denominator of which is
23
<PAGE>
the Class Certificate Principal Balance (or, in the case of
the Notional Certificates, the Notional Principal Balance)
of such Class immediately prior to such Distribution Date.
Percentage Interest: With respect to any Certificate,
the percentage interest in the undivided beneficial
ownership interest in the Trust Fund evidenced by
Certificates of the same Class as such Certificate. With
respect to any Certificate, the Percentage Interest
evidenced thereby shall equal the Initial Certificate
Principal Balance (or, in the case of a Notional
Certificate, the initial Notional Principal Balance)
thereof divided by the aggregate Initial Certificate
Principal Balance (or, in the case of a Notional
Certificate, the aggregate initial Notional Principal
Balance) of all Certificates of the same Class.
Permitted Investments: One or more of the following;
provided, however, that no such Permitted Investment may
mature later than the Business Day preceding the
Distribution Date after such investment except as otherwise
provided in Section 3.02(e) hereof, provided, further, that
such investments qualify as "cash flow investments" as
defined in section 860G(a)(6) of the Code:
(i) obligations of, or guaranteed as to timely
receipt of principal and interest by, the United States or
any agency or instrumentality thereof when such obligations
are backed by the full faith and credit of the United
States;
(ii) repurchase agreements on obligations specified
in clause (i) provided that the unsecured obligations of
the party agreeing to repurchase such obligations are at
the time rated by each Rating Agency in the highest
long-term rating category;
(iii) federal funds, certificates of deposit, time
deposits and banker's acceptances, of any U.S. depository
institution or trust company incorporated under the laws of
the United States or any state provided that the debt
obligations of such depository institution or trust company
at the date of acquisition thereof have been rated by each
Rating Agency in the highest long-term rating category;
(iv) commercial paper of any corporation incorporated
under the laws of the United States or any state thereof
which on the date of acquisition has the highest short term
rating of each Rating Agency; and
(v) other obligations or securities that are
acceptable to each Rating Agency as a Permitted Investment
hereunder and will not, as evidenced in writing, result in
a reduction or withdrawal in the then current rating of the
Certificates.
Notwithstanding the foregoing, Permitted Investments
shall not include "stripped securities" and investments
which contractually may return less than the purchase price
therefor.
Person: Any legal person, including any individual,
corporation, partnership, limited liability company, joint
venture, association, joint-stock company, trust,
24
<PAGE>
unincorporated organization or government or any agency or
political subdivision thereof.
Plan: Any Person which is an employee benefit plan
subject to ERISA or a plan subject to section 4975 of the
Code.
Pledged Asset Loan-to-Value Ratio: With respect to any
Pledged Asset Mortgage Loan, (i) the original loan amount
less the portion of any required Additional Collateral
which is covered by the Surety Bond, divided by (ii) the
Original Value of the related Mortgaged Property.
Pledged Asset Mortgage Loan: Each Mortgage 100SM Loan
and Parent PowerSM Loan purchased from MLCC that is
supported by Additional Collateral and identified on
Exhibit N hereto.
Pledged Asset Mortgage Servicing Agreement: The
Pledged Asset Mortgage Servicing Agreement, dated as of
July 31, 1997 between MLCC and the Company.
PO Percentage: As to any Discount Mortgage Loan, a
fraction (expressed as a percentage), the numerator of
which is the excess of 6.75% over the Net Mortgage Rate of
such Discount Mortgage Loan and the denominator of which is
6.75%. As to any Non-Discount Mortgage Loan, 0%.
PO Principal Distribution Amount: As to any
Distribution Date, an amount equal to the sum of the
applicable PO Percentage of:
(i) the principal portion of each Monthly Payment
due on the related Due Date on each Outstanding Mortgage
Loan as of such Due Date as specified in the amortization
schedule at the time applicable thereto (after adjustments
for previous Principal Prepayments and the principal
portion of Debt Service Reductions subsequent to the
Bankruptcy Coverage Termination Date but before any
adjustment to such amortization schedule by reason of any
bankruptcy (except as aforesaid) or similar proceeding or
any moratorium or similar waiver or grace period);
(ii) all principal prepayments in part received
during the related Prepayment Period, together with the
Scheduled Principal Balance (as reduced by any Deficient
Valuation occurring on or prior to the Bankruptcy Coverage
Termination Date) of each Mortgage Loan which was the
subject of a Voluntary Principal Prepayment in full during
the related Prepayment Period;
(iii) the sum of (A) all Net Liquidation Proceeds
allocable to principal received in respect of each Mortgage
Loan that became a Liquidated Mortgage Loan during the
related Prepayment Period (other than Mortgage Loans
described in clause (B)) and (B) the principal balance of
each Mortgage Loan purchased by an insurer from the Trustee
pursuant to the related Primary Insurance Policy, in each
case during the related Prepayment Period;
25
<PAGE>
(iv) the Scheduled Principal Balance (as reduced by
any Deficient Valuation occurring on or prior to the
Bankruptcy Coverage Termination Date) of each Mortgage Loan
which was purchased on such Distribution Date pursuant to
Section 2.02, 2.03(a) or 3.16; and
(v) the Substitution Amount for any Mortgage Loan
substituted during the month of such Distribution Date; for
purposes of this clause (v), the definition of
"Substitution Amount" shall be modified to reduce the
Scheduled Principal Balance of the Mortgage Loan that is
substituted for by any Deficient Valuation occurring on or
prior to the Bankruptcy Coverage Termination Date.
For purposes of clause (ii) above, a Voluntary
Principal Prepayment in full with respect to a Mortgage
Loan serviced by a Primary Servicer shall be deemed to have
been received when the Company, as servicer, receives
notice thereof.
Pool Scheduled Principal Balance: With respect to any
Distribution Date, the aggregate Scheduled Principal
Balance of all the Mortgage Loans that were Outstanding
Mortgage Loans on the Due Date in the month next preceding
the month of such Distribution Date (or, in the case of the
first Distribution Date, the Cut-off Date; or, if so
specified, such other date).
Prepayment Assumption: The assumed fixed schedule of
prepayments on a pool of new mortgage loans with such
schedule given as a monthly sequence of prepayment rates,
expressed as annualized percent values. These values start
at 0.2% per year in the first month, increase by 0.2% per
year in each succeeding month until month 30, ending at
6.0% per year. At such time, the rate remains constant at
6.0% per year for the balance of the remaining term.
Multiples of the Prepayment Assumption are calculated from
this prepayment rate series.
Prepayment Assumption Multiple: 250% of the
Prepayment Assumption.
Prepayment Distribution Trigger: As of any
Distribution Date and as to each Class of Class B
Certificates, the related Prepayment Distribution Trigger
is satisfied if (x) the fraction, expressed as a
percentage, the numerator of which is the aggregate Class
Certificate Principal Balance of such Class and each Class
subordinate thereto, if any, on such Distribution Date, and
the denominator of which is the Pool Scheduled Principal
Balance for such Distribution Date, equals or exceeds (y)
such percentage calculated as of the Closing Date.
Prepayment Interest Excess: As to any Voluntary
Principal Prepayment in full received from the first day
through the fifteenth day of any calendar month (other than
the calendar month in which the Cut-off Date occurs), all
amounts paid in respect of interest on such Principal
Prepayment. For purposes of determining the amount of
Prepayment Interest Excess for any month, a Voluntary
Principal Prepayment in full with respect to a Mortgage
Loan serviced by a Primary Servicer shall be deemed to have
been received when the Company, as servicer, receives
notice thereof. All Prepayment
26
<PAGE>
Interest Excess shall be retained by the Company, as
servicer, as additional servicing compensation.
Prepayment Period: With respect to any Distribution
Date and any Voluntary Principal Prepayment in part or
other Principal Prepayment other than a Voluntary Principal
Prepayment in full, the calendar month preceding the month
of such Distribution Date; with respect to any Distribution
Date and any Voluntary Principal Prepayment in full, the
period beginning on the sixteenth day of the calendar month
preceding the month of such Distribution Date (or, in the
case of the first Distribution Date, beginning on the
Cut-off Date) and ending on the fifteenth day of the month
in which such Distribution Date occurs.
Primary Insurance Policy: The certificate of private
mortgage insurance relating to a particular Mortgage Loan,
or an electronic screen print setting forth the information
contained in such certificate of private mortgage
insurance, including, without limitation, information
relating to the name of the mortgage insurance carrier, the
certificate number, the loan amount, the property address,
the effective date of coverage, the amount of coverage and
the expiration date of the policy. Each such policy covers
defaults by the Mortgagor, which coverage shall equal the
portion of the unpaid principal balance of the related
Mortgage Loan that exceeds 75% (or such lesser coverage
required or permitted by FNMA or FHLMC) of the Original
Value of the underlying Mortgaged Property.
Primary Servicer: Any servicer with which the Company
has entered into a servicing agreement, as described in
Section 3.01(f).
Principal Balance Schedules: Any principal balance
schedules attached hereto, if applicable, as Exhibit B,
setting forth the PAC Balances of any PAC Certificates and
PAC Components, the TAC Balances of any TAC Certificates
and TAC Components, and the Scheduled Balances of any
Scheduled Certificates and Scheduled Components.
Principal Only Certificate: Any Class A4 or Class PO
Certificate.
Principal Only Component: None.
Principal Prepayment: Any payment or other recovery of
principal on a Mortgage Loan (including, for this purpose,
any refinancing permitted by Section 3.01 and any REO
Proceeds treated as such pursuant to Section 3.08(b)) which
is received in advance of its scheduled Due Date and is not
accompanied by an amount of interest representing scheduled
interest for any month subsequent to the month of
prepayment.
Private Placement Memorandum: The private placement
memorandum relating to the Restricted Junior Certificates
dated May 26, 1998.
Prohibited Transaction Exemption: U.S. Department of
Labor Prohibited Transaction Exemption 90-83, 55 Fed. Reg.
50250, December 5, 1990.
27
<PAGE>
Property Protection Expenses: With respect to any
Mortgage Loan, expenses paid or incurred by or for the
account of the Company in accordance with the related
Mortgage for (a) real estate property taxes and property
repair, replacement, protection and preservation expenses
and (b) similar expenses reasonably paid or incurred to
preserve or protect the value of such Mortgage to the
extent the Company is not reimbursed therefor pursuant to
the Primary Insurance Policy, if any, or any other
insurance policy with respect thereto.
Proprietary Lease: With respect to a Cooperative Loan,
the proprietary lease(s) or occupancy agreement with
respect to the Cooperative Apartment occupied by the
Mortgagor and relating to the related Cooperative Stock,
which lease or agreement confers an exclusive right to the
holder of such Cooperative Stock to occupy such apartment.
Purchase Price: With respect to any Mortgage Loan
required or permitted to be purchased hereunder from the
Trust Fund, an amount equal to 100% of the unpaid principal
balance thereof plus interest thereon at the applicable
Mortgage Rate from the date to which interest was last paid
to the first day of the month in which such purchase price
is to be distributed; provided, however, that if the
Company is the servicer hereunder, such purchase price
shall be net of unreimbursed Monthly Advances with respect
to such Mortgage Loan, and the interest component of the
Purchase Price may be computed on the basis of the
Remittance Rate for such Mortgage Loan.
QIB: A "qualified institutional buyer" as defined in
Rule 144A under the Securities Act of 1933, as amended.
Rating Agency: Any statistical credit rating agency,
or its successor, that rated any of the Certificates at the
request of the Company at the time of the initial issuance
of the Certificates. If such agency or a successor is no
longer in existence, "Rating Agency" shall be such
statistical credit rating agency, or other comparable
Person, designated by the Company, notice of which
designation shall be given to the Trustee. References
herein to the two highest long-term rating categories of a
Rating Agency shall mean such ratings without any
modifiers. As of the date of the initial issuance of the
Certificates, the Rating Agencies are Fitch and S&P; except
that for purposes of the Junior Certificates, other than
the Class B5 Certificates, Fitch shall be the sole Rating
Agency.
The Class B5 Certificates are issued without ratings.
Realized Loss: Any (i) Deficient Valuation or (ii) as
to any Liquidated Mortgage Loan, (x) the unpaid principal
balance of such Liquidated Mortgage Loan plus accrued and
unpaid interest thereon at the Net Mortgage Rate through
the last day of the month of such liquidation less (y) the
related Liquidation Proceeds and Insurance Proceeds (as
reduced by the related Liquidation Expenses).
28
<PAGE>
Record Date: The last Business Day of the month
immediately preceding the month of the related Distribution
Date.
Reference Banks: As defined in Section 5.08.
Relief Act: The Soldiers' and Sailors' Civil Relief
Act of 1940, as amended.
Relief Act Mortgage Loan: Any Mortgage Loan as to
which the Monthly Payment thereof has been reduced due to
the application of the Relief Act.
REMIC: A "real estate mortgage investment conduit"
within the meaning of section 860D of the Code.
REMIC Provisions: Provisions of the federal income tax
law relating to real estate mortgage investment conduits,
which appear at sections 860A through 860G of Part IV of
Subchapter M of Chapter 1 of the Code, and related
provisions, and U.S. Office of the Treasury temporary or
final regulations promulgated thereunder, as the foregoing
may be in effect from time to time, as well as provisions
of applicable state laws.
Remittance Rate: With respect to any Mortgage Loan,
the related Mortgage Rate less the sum of the applicable
Base Servicing Fee Rate and the Supplemental Servicing Fee
Rate.
REO Mortgage Loan: Any Mortgage Loan which is not a
Liquidated Mortgage Loan and as to which the related
Mortgaged Property is held as part of the Trust Fund.
REO Proceeds: Proceeds, net of any related expenses of
the Company, received in respect of any REO Mortgage Loan
(including, without limitation, proceeds from the rental of
the related Mortgaged Property).
Required Surety Payment: With respect to any Pledged
Asset Mortgage Loan that becomes a Liquidated Mortgage
Loan, the lesser of (i) the principal portion of the
Realized Loss with respect to such Mortgage Loan and (ii)
the excess, if any, of (a) the amount of Additional
Collateral required at origination with respect to such
Mortgage Loan which is covered by the Surety Bond over (b)
the net proceeds realized by MLCC from the liquidation of
the related Additional Collateral.
Reserve Fund: None.
Reserve Interest Rate: As defined in Section 5.08.
Residual Certificate: Any Class R or Class RL
Certificate.
29
<PAGE>
Responsible Officer: When used with respect to the
Trustee, any officer or assistant officer assigned to and
working in the Corporate Trust Department of the Trustee
and, also, with respect to a particular matter, any other
officer to whom such matter is referred because of such
officer's knowledge of and familiarity with the particular
subject.
Restricted Certificate: Any Restricted Junior
Certificate or Class PO Certificate.
Restricted Junior Certificate: Any Class B3, Class B4
or Class B5 Certificate.
S&P: Standard & Poor's Ratings Services, a division of
The McGraw-Hill Companies, Inc., and its successors.
SAIF: The Savings Association Insurance Fund of the
FDIC, or its successor in interest.
Scheduled Balance: As to any Distribution Date and any
Class of Scheduled Certificates and any Scheduled
Component, the balance designated as such for such
Distribution Date and such Class or Component as set forth
in the Principal Balance Schedules.
Scheduled Certificates: None.
Scheduled Component: None.
Scheduled Principal Balance: As to any Mortgage Loan
and Distribution Date, the principal balance of such
Mortgage Loan as of the Due Date in the month next
preceding the month of such Distribution Date (or, if so
specified, such other date) as specified in the
amortization schedule at the time relating to such Mortgage
Loan (before any adjustment to such amortization schedule
by reason of any bankruptcy or similar proceeding or any
moratorium or similar waiver or grace period) after giving
effect to any previous Principal Prepayments, Deficient
Valuations incurred subsequent to the Bankruptcy Coverage
Termination Date, adjustments due to the application of the
Relief Act and the payment of principal due on such Due
Date, irrespective of any delinquency in payment by the
related Mortgagor. As to any Mortgage Loan and the Cut-off
Date, the "unpaid balance" thereof specified in the initial
Mortgage Loan Schedule.
Security Agreement: With respect to a Cooperative
Loan, the agreement creating a security interest in favor
of the originator in the related Cooperative Stock and
Proprietary Lease.
Senior Certificate: Any Certificate other than a
Junior Certificate.
30
<PAGE>
Senior Certificate Principal Balance: As of any
Distribution Date, an amount equal to the sum of the
Certificate Principal Balances of the Senior Certificates
(other than any Class PO Certificates).
Senior Optimal Principal Amount: As to any
Distribution Date, an amount equal to the sum of:
(i) the Senior Percentage of the applicable Non-PO
Percentage of the principal portion of each Monthly Payment
due on the related Due Date on each Outstanding Mortgage
Loan as of such Due Date as specified in the amortization
schedule at the time applicable thereto (after adjustments
for previous Principal Prepayments and the principal
portion of Debt Service Reductions subsequent to the
Bankruptcy Coverage Termination Date but before any
adjustment to such amortization schedule by reason of any
bankruptcy (except as aforesaid) or similar proceeding or
any moratorium or similar waiver or grace period);
(ii) the Senior Prepayment Percentage of the
applicable Non-PO Percentage of all principal prepayments
in part received during the related Prepayment Period,
together with the Senior Prepayment Percentage of the
applicable Non-PO Percentage of the Scheduled Principal
Balance of each Mortgage Loan which was the subject of a
Voluntary Principal Prepayment in full during the related
Prepayment Period;
(iii) the lesser of (x) the Senior Percentage of the
applicable Non-PO Percentage of the sum of (A) the
Scheduled Principal Balance of each Mortgage Loan that
became a Liquidated Mortgage Loan (other than Mortgage
Loans described in clause (B)) during the related
Prepayment Period and (B) the Scheduled Principal Balance
of each Mortgage Loan that was purchased by an insurer from
the Trustee during the related Prepayment Period pursuant
to the related Primary Insurance Policy, as reduced in each
case by the Senior Percentage of the applicable Non-PO
Percentage of the principal portion of any Excess Losses
(other than Excess Bankruptcy Losses attributable to Debt
Service Reductions), and (y) the Senior Prepayment
Percentage of the applicable Non-PO Percentage of the sum
of (A) all Net Liquidation Proceeds allocable to principal
received in respect of each such Liquidated Mortgage Loan
(other than Mortgage Loans described in clause (B)) and (B)
the principal balance of each such Mortgage Loan purchased
by an insurer from the Trustee pursuant to the related
Primary Insurance Policy, in each case during the related
Prepayment Period;
(iv) the Senior Prepayment Percentage of the
applicable Non-PO Percentage of the Scheduled Principal
Balance of each Mortgage Loan which was purchased on such
Distribution Date pursuant to Section 2.02, 2.03(a) or
3.16; and
(v) the Senior Prepayment Percentage of the
applicable Non-PO Percentage of the Substitution Amount for
any Mortgage Loan substituted during the month of such
Distribution Date.
31
<PAGE>
For purposes of clause (ii) above, a Voluntary
Principal Prepayment in full with respect to a Mortgage
Loan serviced by a Primary Servicer shall be deemed to have
been received when the Company, as servicer, receives
notice thereof.
Senior Percentage: As to any Distribution Date, the
lesser of (i) 100% and (ii) the percentage (carried to six
places rounded up) obtained by dividing the Senior
Certificate Principal Balance immediately prior to such
Distribution Date by an amount equal to the sum of the
Certificate Principal Balances of all the Certificates
other than any Class PO Certificates immediately prior to
such Distribution Date.
Senior Prepayment Percentage: For any Distribution
Date occurring prior to the fifth anniversary of the first
Distribution Date, 100%. For any Distribution Date
occurring on or after the fifth anniversary of the first
Distribution Date, an amount as follows:
(i) for any Distribution Date subsequent to May 2003
to and including the Distribution Date in May 2004, the
Senior Percentage for such Distribution Date plus 70% of
the Junior Percentage for such Distribution Date;
(ii) for any Distribution Date subsequent to May
2004 to and including the Distribution Date in May 2005,
the Senior Percentage for such Distribution Date plus 60%
of the Junior Percentage for such Distribution Date;
(iii) for any Distribution Date subsequent to May
2005 to and including the Distribution Date in May 2006,
the Senior Percentage for such Distribution Date plus
40% of the Junior Percentage for such Distribution Date;
(iv) for any Distribution Date subsequent to May
2006 to and including the Distribution Date in May 2007,
the Senior Percentage for such Distribution Date plus 20%
of the Junior Percentage for such Distribution Date; and
(v) for any Distribution Date thereafter, the Senior
Percentage for such Distribution Date.
Notwithstanding the foregoing, if on any Distribution
Date the Senior Percentage exceeds the Senior Percentage as
of the Closing Date, the Senior Prepayment Percentage for
such Distribution Date will equal 100%.
In addition, notwithstanding the foregoing, no
reduction of the Senior Prepayment Percentage below the
level in effect for the most recent prior period as set
forth in clauses (i) through (iv) above shall be effective
on any Distribution Date unless at least one of the
following two tests is satisfied:
Test I: If, as of the last day of the month preceding
such Distribution Date, (i) the aggregate Scheduled
Principal Balance of Mortgage Loans delinquent 60 days or
more (including for this purpose any Mortgage Loans in
foreclosure and REO Mortgage
32
<PAGE>
Loans) as a percentage of the aggregate Class Certificate
Principal Balance of the Junior Certificates as of such
date, does not exceed 50%, and (ii) cumulative Realized
Losses with respect to the Mortgage Loans do not exceed (a)
30% of the aggregate Class Certificate Principal Balance of
the Junior Certificates as of the Closing Date (the
"Original Subordinate Principal Balance") if such
Distribution Date occurs between and including June 2003
and May 2004, (b) 35% of the Original Subordinate Principal
Balance if such Distribution Date occurs between and
including June 2004 and May 2005, (c) 40% of the Original
Subordinate Principal Balance if such Distribution Date
occurs between and including June 2005 and May 2006, (d)
45% of the Original Subordinate Principal Balance if such
Distribution Date occurs between and including June 2006
and May 2007 and (e) 50% of the Original Subordinate
Principal Balance if such Distribution Date occurs during
or after June 2007; or
Test II: If, as of the last day of the month preceding
such Distribution Date, (i) the aggregate Scheduled
Principal Balance of Mortgage Loans delinquent 60 days or
more (including for this purpose any Mortgage Loans in
foreclosure and REO Mortgage Loans) averaged over the last
three months, as a percentage of the aggregate Scheduled
Principal Balance of Mortgage Loans averaged over the last
three months, does not exceed 4%, and (ii) cumulative
Realized Losses with respect to the Mortgage Loans do not
exceed (a) 10% of the Original Subordinate Principal
Balance if such Distribution Date occurs between and
including June 2003 and May 2004, (b) 15% of the Original
Subordinate Principal Balance if such Distribution Date
occurs between and including June 2004 and May 2005, (c)
20% of the Original Subordinate Principal Balance if such
Distribution Date occurs between and including June 2005
and May 2006, (d) 25% of the Original Subordinate Principal
Balance if such Distribution Date occurs between and
including June 2006 and May 2007, and (e) 30% of the
Original Subordinate Principal Balance if such Distribution
Date occurs during or after June 2007.
Servicer's Certificate: A certificate, completed by
and executed on behalf of the Company by a Servicing
Officer in accordance with Section 4.06, substantially in
the form of Exhibit D hereto or in such other form as the
Company and the Trustee shall agree.
Servicing Fee: As to any Mortgage Loan and
Distribution Date, the sum of (a) the Base Servicing Fee
and (b) the Supplemental Servicing Fee.
Servicing Officer: Any officer of the Company involved
in, or responsible for, the administration and servicing of
the Mortgage Loans whose name appears on a list of
servicing officers attached to an Officer's Certificate
furnished to the Trustee by the Company, as such list may
from time to time be amended.
Single Certificate: A Certificate with an Initial
Certificate Principal Balance, or initial Notional
Principal Balance, of $1,000 or, in the case of a Class of
Certificates issued with an initial Class Certificate
Principal Balance or initial Notional Principal Balance of
less than $1,000, such lesser amount.
33
<PAGE>
Special Hazard Loss: (i) A Realized Loss suffered by
a Mortgaged Property on account of direct physical loss,
exclusive of (a) any loss covered by a hazard policy or a
flood insurance policy required to be maintained in respect
of such Mortgaged Property under Section 3.06 and (b) any
loss caused by or resulting from:
(A) normal wear and tear;
(B) conversion or other dishonest act on the part
of the Trustee, the Company or any of their agents or
employees; or
(C) errors in design, faulty workmanship or
faulty materials, unless the collapse of the property
or a part thereof ensues;
or (ii) any Realized Loss suffered by the Trust Fund
arising from or related to the presence or suspected
presence of hazardous wastes or hazardous substances on a
Mortgaged Property unless such loss to a Mortgaged Property
is covered by a hazard policy or a flood insurance policy
required to be maintained in respect of such Mortgaged
Property under Section 3.06.
Special Hazard Loss Amount: As of any Distribution
Date, an amount equal to $7,516,282 minus the sum of (i)
the aggregate amount of Special Hazard Losses that would
have been allocated to the Junior Certificates in
accordance with Section 4.03 in the absence of the Loss
Allocation Limitation and (ii) the Adjustment Amount (as
defined below) as most recently calculated. On each
anniversary of the Cut-off Date, the "Adjustment Amount"
shall be equal to the amount, if any, by which the amount
calculated in accordance with the preceding sentence
(without giving effect to the deduction of the Adjustment
Amount for such anniversary) exceeds the lesser of (x) the
greater of (A) the product of the Special Hazard Percentage
for such anniversary multiplied by the outstanding
principal balance of all the Mortgage Loans on the
Distribution Date immediately preceding such anniversary
and (B) twice the outstanding principal balance of the
Mortgage Loan which has the largest outstanding principal
balance on the Distribution Date immediately preceding such
anniversary, and (y) an amount calculated by the Company
and approved by each Rating Agency, which amount shall not
be less than $500,000.
Special Hazard Percentage: As of each anniversary of
the Cut-off Date, the greater of (i) 1.00% and (ii) the
largest percentage obtained by dividing (x) the aggregate
outstanding principal balance (as of the immediately
preceding Distribution Date) of the Mortgage Loans secured
by Mortgaged Properties located in a single, five-digit zip
code area in the State of California by (y) the outstanding
principal balance of all the Mortgage Loans as of the
immediately preceding Distribution Date.
Special Hazard Termination Date: The Distribution Date
upon which the Special Hazard Loss Amount has been reduced
to zero or a negative number (or the Cross-Over Date, if
earlier).
34
<PAGE>
Specified Component: None.
Startup Day: As defined in Section 2.06(c).
Subordinate Certificates: As to any date of
determination, first, the Class B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; second, the Class B4 Certificates until
the Class Certificate Principal Balance thereof has been
reduced to zero; third, the Class B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; fourth, the Class B2 Certificates until
the Class Certificate Principal Balance thereof has been
reduced to zero; fifth, the Class B1 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; and sixth, the Class M Certificates until
the Class Certificate Principal Balance thereof has been
reduced to zero.
Subordinate Certificate Writedown Amount: As to any
Distribution Date, first, any amount distributed to the
Class PO Certificates on such Distribution Date pursuant to
Section 4.01(a)(iv) and second, after giving effect to the
application of clause first above, the amount by which (i)
the sum of the Class Certificate Principal Balances of all
the Certificates (after giving effect to the distribution
of principal and the application of Realized Losses in
reduction of the Certificate Principal Balances of the
related Certificates on such Distribution Date) exceeds
(ii) the Pool Scheduled Principal Balance on the first day
of the month of such Distribution Date less any Deficient
Valuations occurring on or prior to the Bankruptcy Coverage
Termination Date.
Substitution Amount: With respect to any Mortgage Loan
substituted pursuant to Section 2.03(b), the excess of (x)
the Scheduled Principal Balance of the Mortgage Loan that
is substituted for, over (y) the Scheduled Principal
Balance of the related substitute Mortgage Loan, each
balance being determined as of the date of substitution.
Supplemental Servicing Fee: As to any Mortgage Loan
and Distribution Date, an amount equal to the product of
(i) the Scheduled Principal Balance of such Mortgage Loan
as of the Due Date in the preceding calendar month and (ii)
the Supplemental Servicing Fee Rate for such Mortgage Loan.
The Supplemental Servicing Fee for any Distribution Date
shall be reduced by its allocable share of Interest
Shortfalls (as provided in the definition thereof) and any
Interest Losses (in accordance with Section 3.08(d)).
Supplemental Servicing Fee Rate: As to any Mortgage
Loan and Distribution Date, a fixed rate per annum equal to
the excess, if any, of the Net Mortgage Rate thereof over
6.75%.
Surety: Ambac Assurance Corporation, or its
successors in interest.
35
<PAGE>
Surety Bond: The Limited Purpose Surety Bond (Policy
No. AB0039BE), dated February 28, 1996, issued by the
Surety for the benefit of certain beneficiaries, including
the Trustee for the benefit of the Holders of the
Certificates, but only to the extent that such Limited
Purpose Surety Bond covers any Pledged Asset Mortgage
Loans.
TAC Balance: As to any Distribution Date and any Class
of TAC Certificates and any TAC Component, the balance
designated as such for such Distribution Date and such
Class or Component as set forth in the Principal Balance
Schedules attached as Exhibit B hereto.
TAC Certificates: Any Class A3 Certificate.
TAC Component: Any Class A4A Component.
Trigger Event: Any one or more of the following: (i)
if the Company is not a wholly-owned direct or indirect
subsidiary of General Electric Company or if General
Electric Capital Corporation shall not own (directly or
indirectly) at least two-thirds of the voting shares of the
capital stock of the Company, (ii) if the long-term senior
unsecured rating of General Electric Capital Corporation is
downgraded or withdrawn by Fitch or S&P below their two
highest rating categories, (iii) if General Electric
Capital Corporation is no longer obligated pursuant to the
terms of the support agreement, dated as of October 1,
1990, between General Electric Capital Corporation and the
Company, to maintain the Company's net worth or liquidity
(as such terms are defined therein) at the levels specified
therein, or if such support agreement, including any
amendment thereto, has been breached, terminated or
otherwise held to be unenforceable and (iv) if such support
agreement, including any amendment thereto, is amended or
modified.
Trust Fund: The corpus of the trust created by this
Agreement evidenced by the Certificates and consisting of:
(i) the Mortgage Loans;
(ii) all payments on or collections in respect of
such Mortgage Loans, except as otherwise described in the
first paragraph of Section 2.01, including the proceeds
from the liquidation of any Additional Collateral for any
Pledged Asset Mortgage Loan;
(iii) the obligation of the Company to deposit in
the Certificate Account the amounts required by Sections
3.02(d), 3.02(e) and 4.04(a), and the obligation of the
Trustee to deposit in the Certificate Account any amount
required pursuant to Section 4.04(b);
(iv) the obligation of the Company to purchase or
replace any Defective Mortgage Loan pursuant to Section
2.02 or 2.03;
(v) all property acquired by foreclosure or deed in
lieu of foreclosure with respect to any REO Mortgage Loan;
36
<PAGE>
(vi) the proceeds of the Primary Insurance Policies,
if any, and the hazard insurance policies required by
Section 3.06, in each case, in respect of the Mortgage
Loans, and the Company's interest in the Surety Bond
transferred to the Trustee pursuant to Section 2.01;
(vii) the Certificate Account established pursuant
to Section 3.02(d);
(viii) the Eligible Account or Accounts, if any,
established pursuant to Section 3.02(e);
(ix) any collateral funds established to secure the
obligations of the Holder of the Class B4 and Class B5
Certificates, respectively, under any agreements entered
into between such holder and the Company pursuant to
Section 3.08(e); and
(x) all rights of the Company as assignee under any
security agreements, pledge agreements or guarantees
relating to the Additional Collateral supporting any
Pledged Asset Mortgage Loan.
Trustee: The institution executing this Agreement as
Trustee, or its successor in interest, or if any successor
trustee is appointed as herein provided, then such
successor trustee so appointed.
Unanticipated Recovery: As defined in Section 4.01(e)
herein.
Uninsured Cause: Any cause of damage to property
subject to a Mortgage such that the complete restoration of
the property is not fully reimbursable by the hazard
insurance policies required to be maintained pursuant to
Section 3.06.
Unpaid Class Interest Shortfall: As to any
Distribution Date and any Class of Certificates (other than
any Class of Principal Only Certificates and any Class
consisting of Specified Components) or any Specified
Component (other than any Principal Only Component), the
amount, if any, by which the aggregate of the Class
Interest Shortfalls for such Class or in respect of such
Specified Component for prior Distribution Dates is in
excess of the aggregate amounts distributed on prior
Distribution Dates to Holders of such Class of Certificates
or in respect of such Specified Component (or added to the
Class Certificate Principal Balance of any Class of Accrual
Certificates, or to the Component Principal Balance of any
Accrual Component constituting a Specified Component)
pursuant to Section 4.01(a)(ii), in the case of the Senior
Certificates (other than any Class of Principal Only
Certificates) and any Specified Component thereof (other
than any Principal Only Component), Section 4.01(a)(vi), in
the case of the Class M Certificates, Section 4.01(a)(ix),
in the case of the Class B1 Certificates, Section
4.01(a)(xii), in the case of the Class B2 Certificates,
Section 4.01(a)(xv), in the case of the Class B3
Certificates, Section 4.01(a)(xviii), in the case of the
Class B4 Certificates, and Section 4.01(a)(xxi), in the
case of the Class B5 Certificates. As to any Class of
Certificates consisting of Specified Components and any
Distribution Date, the sum of the Unpaid Class Interest
Shortfalls for the Specified Components thereof on such
date.
37
<PAGE>
Upper Tier REMIC: One of the two separate REMICs
comprising the Trust Fund, the assets of which consist of
the Lower Tier Interests.
Voluntary Principal Prepayment: With respect to any
Distribution Date, any prepayment of principal received
from the related Mortgagor on a Mortgage Loan.
Voting Rights: The portion of the voting rights of all
the Certificates that is allocated to any Certificate for
purposes of the voting provisions of Section 10.01. At all
times during the term of this Agreement, 99% of all Voting
Rights shall be allocated to the Classes of Certificates
(other than the Class A9 Certificates), and 1% shall be
allocated to Class A9 Certificates. Voting Rights shall be
allocated among the Classes (other than the Class A9
Certificates) (and among the Certificates within each Class
of Certificates) in proportion to their Class Certificate
Principal Balances (or Certificate Principal Balances or
Notional Principal Balances), as the case may be.
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01. Conveyance of Mortgage Loans. (a) The
Company, concurrently with the execution and delivery of this
Agreement, does hereby transfer, assign, set-over and otherwise
convey to the Trustee without recourse (except as provided
herein) all the right, title and interest of the Company in and
to the Mortgage Loans, including all interest and principal
received by the Company on or with respect to the Mortgage Loans
(other than payments of principal and interest due and payable on
the Mortgage Loans on or before, and all Principal Prepayments
received before, the Cut-off Date).
In addition, with respect to any Pledged Asset
Mortgage Loan, the Company does hereby transfer, assign, set-over
and otherwise convey to the Trustee without recourse (except as
provided herein) (i) its rights as assignee under any security
agreements, pledge agreements or guarantees relating to the
Additional Collateral supporting any Pledged Asset Mortgage Loan,
(ii) its security interest in and to any Additional Collateral,
(iii) its right to receive payments in respect of any Pledged
Asset Mortgage Loan pursuant to the Pledged Asset Mortgage
Servicing Agreement, and (iv) its rights as beneficiary under the
Surety Bond in respect of any Pledged Asset Mortgage Loan.
(b) In connection with such transfer and assignment, the
Company does hereby deliver to the Trustee the following
documents or instruments with respect to:
(1) Each Mortgage Loan (other than any Cooperative Loan or
Designated Loan) so transferred and assigned:
(i) The Mortgage Note, endorsed without recourse in
blank by the Company, including all intervening
endorsements showing a complete chain of endorsement from
the originator to the Company; provided, however, that if
such Mortgage Note is
38
<PAGE>
Confirmatory Mortgage Note, such Confirmatory Mortgage Note
may be payable directly to the Company or may show a
complete chain of endorsement from the named payee to the
Company;
(ii) Any assumption and modification agreement;
(iii) An assignment in recordable form (which may be
included in a blanket assignment or assignments) of the
Mortgage to the Trustee; and
(2) Each Cooperative Loan (other than a Designated Loan) so
transferred and assigned:
(i) The Mortgage Note, endorsed without recourse in
blank by the Company and showing an unbroken chain of
endorsements from the originator to the Company; provided,
however, that if such Mortgage Note is a Confirmatory
Mortgage Note, such Confirmatory Mortgage Note may be
payable directly to the Company or may show a complete
chain of endorsement from the named payee to the Company;
(ii) A counterpart of the Proprietary Lease and the
Assignment of Proprietary Lease executed in blank or to the
originator of the Cooperative Loan;
(iii) The related Cooperative Stock Certificate,
together with an undated stock power (or other similar
instrument) executed in blank;
(iv) A counterpart of the recognition agreement by
the Cooperative of the interests of the mortgagee with
respect to the related Cooperative Loan;
(v) The Security Agreement;
(vi) Copies of the original UCC-1 financing
statement, and any continuation statements, filed by the
originator of such Cooperative Loan as secured party, each
with evidence of recording thereof, evidencing the interest
of the originator in the Cooperative Stock and the
Proprietary Lease;
(vii) If applicable, copies of the UCC-3 assignments
of the security interest described in clause (vi) above,
sent to the appropriate public office for filing, showing
an unbroken chain of title from the originator to the
Company, evidencing the security interest of the originator
in the Cooperative Stock and the Proprietary Lease;
(viii) An executed assignment (which may be a
blanket assignment for all Cooperative Loans) of the
interest of the Company in the Security Agreement,
Assignment of Proprietary Lease and the recognition
agreement described in clause (iv) above, showing an
unbroken chain of title from the originator to the Trustee;
and
(ix) A UCC-3 assignment from the Company to the
Trustee of the security interest described in clause (vi)
above, in form suitable for filing, otherwise complete
39
<PAGE>
except for filing information regarding the original UCC-1
if unavailable (which may be included in a blanket
assignment to the Trustee).
In instances where a completed assignment of the
Mortgage in recordable form cannot be delivered by the Company to
the Trustee in accordance with Section 2.01(b)(1)(iii) prior to
or concurrently with the execution and delivery of this
Agreement, due to a delay in connection with recording of the
Mortgage, the Company may, in lieu of delivering the completed
assignment in recordable form, deliver to the Trustee the
assignment in such form, otherwise complete except for recording
information.
(3) With respect to each Designated Loan, the Company does
hereby deliver to the Trustee the Designated Loan Closing
Documents.
(c) In connection with each Mortgage Loan transferred and
assigned to the Trustee, the Company shall deliver to the Trustee
the following documents or instruments as promptly as
practicable, but in any event within 30 days, after receipt by
the Company of all such documents and instruments for all of the
outstanding Mortgage Loans:
(i) the Mortgage with evidence of recording
indicated thereon (other than with respect to a Cooperative
Loan);
(ii) a copy of the title insurance policy (other
than with respect to a Cooperative Loan);
(iii) with respect to any Mortgage that has been
assigned to the Company, the related recorded intervening
assignment or assignments of Mortgage, showing a complete
chain of assignment from the originator to the Company
(other than with respect to a Cooperative Loan); and
(iv) with respect to any Cooperative Loan that has
been assigned to the Company, the related filed intervening
UCC-3 financing statements (not previously delivered
pursuant to Section 2.01(b)(2)(vii)), showing a complete
chain of assignment from the named originator to the
Company.
Pending such delivery, the Company shall retain in its files (a)
copies of the documents described in clauses (i) and (iii) of the
preceding sentence, without evidence of recording thereon, and
(b) title insurance binders with respect to the Mortgage Loans
(other than with respect to a Cooperative Loan). The Company
shall also retain in its files evidence of any primary mortgage
insurance relating to the Mortgage Loans during the period when
the related insurance is in force. Such evidence shall consist,
for each Mortgage Loan, of a certificate of private mortgage
insurance relating to such Mortgage Loan or an electronic screen
print setting forth the information contained in such certificate
of private mortgage insurance, including, without limitation,
information relating to the name of the mortgage insurance
carrier, the certificate number, the loan amount, the property
address, the effective date of coverage, the amount of coverage
and the expiration date of the policy. (The copies of the
Mortgage, intervening assignments of Mortgage, if any, title
insurance binder and the Primary Insurance Policy, if any,
40
<PAGE>
described in the second and third preceding sentences are
collectively referred to herein as the "Document File" with
respect to each Mortgage Loan.) The Company shall advise the
Trustee in writing if such delivery to the Trustee shall not have
occurred on or before the first anniversary of the Closing Date.
The Company shall promptly furnish to the Trustee the documents
included in the Document Files (other than any such documents
previously delivered to the Trustee as originals or copies)
either (a) upon the written request of the Trustee or (b) when
the Company or the Trustee obtains actual notice or knowledge of
a Trigger Event. The Trustee shall have no obligation to request
delivery of the Document Files unless a Responsible Officer of
the Trustee has actual notice or knowledge of the occurrence of a
Trigger Event.
In the case of Mortgage Loans which have been prepaid
in full after the Cut-off Date and prior to the date of execution
and delivery of this Agreement, the Company, in lieu of
delivering the above documents to the Trustee, herewith delivers
to the Trustee a certification of a Servicing Officer of the
nature set forth in Section 3.09.
(d) The Company shall not be required to record the
assignments of the Mortgages referred to in Section
2.01(b)(1)(iii) or file the UCC-3 assignments referred to in
Section 2.01(b)(2)(ix) to the Trustee unless the Company or the
Trustee obtains actual notice or knowledge of the occurrence of
any Trigger Event; provided, however, that such recording or
filing shall not be required if the Company delivers to the
Trustee a letter from each Rating Agency to the effect that the
failure to take such action will not cause such Rating Agency to
reduce or withdraw its then current ratings of the Certificates.
The party obtaining actual notice or knowledge of any of such
events shall give the other party prompt written notice thereof.
For purposes of the foregoing (as well as for purposes of
determining whether the Company shall be required to deliver the
Document Files to the Trustee following the occurrence of a
Trigger Event), the Company shall be deemed to have knowledge of
any such downgrading referred to in the definition of Trigger
Event if, in the exercise of reasonable diligence, the Company
has or should have had knowledge thereof. As promptly as
practicable subsequent to the Company's delivery or receipt of
such written notice, as the case may be, the Company shall insert
the recording or filing information in the assignments of the
Mortgages or UCC-3 assignments to the Trustee and shall cause the
same to be recorded or filed, at the Company's expense, in the
appropriate public office for real property records or UCC
financing statements, except that the Company need not cause to
be so completed and recorded any assignment of mortgage which
relates to a Mortgage Loan secured by property in a jurisdiction
under the laws of which, on the basis of an Opinion of Counsel
reasonably satisfactory to the Trustee and satisfactory to each
Rating Agency (as evidenced in writing), recordation of such
assignment is not necessary to protect the Trustee against
discharge of such Mortgage Loan by the Company or any valid
assertion that any Person other than the Trustee has title to or
any rights in such Mortgage Loan. In the event that the Company
fails or refuses to record or file the assignment of Mortgages or
UCC-3 financing statement in the circumstances provided above,
the Trustee shall record or cause to be recorded or filed such
assignment or UCC-3 financing statement at the expense of the
Company. In connection with any such recording or filing, the
Company shall furnish such documents as may be reasonably
necessary to accomplish such recording or filing. Notwithstanding
the foregoing, at any time the Company may record or file, or
cause to be recorded or filed, the assignments of Mortgages or
UCC-3 financing statement at the expense of the Company.
41
<PAGE>
Section 2.02. Acceptance by Trustee. Subject to the
examination hereinafter provided, the Trustee acknowledges
receipt of the Mortgage Notes, the assignments of the Mortgages
to the Trustee, the assumption and modification agreements, if
any, the documents specified in Section 2.01(b)(2) (subject to
any permitted delayed delivery of the documents described in
Section 2.01(c)(iv)), and the Designated Loan Closing Documents,
if any, delivered pursuant to Section 2.01, and declares that the
Trustee holds and will hold such documents and each other
document delivered to it pursuant to Section 2.01 in trust, upon
the trusts herein set forth, for the use and benefit of all
present and future Certificateholders. The Trustee agrees, for
the benefit of Certificateholders, to review each Mortgage File
within 45 days after (i) the execution and delivery of this
Agreement, in the case of the Mortgage Notes, the assignments of
the Mortgages to the Trustee, the assumption and modification
agreements, if any, the documents specified in Section 2.01(b)(2)
(subject to any permitted delayed delivery of the documents
described in Section 2.01(c)(iv)), and the Designated Loan
Closing Documents, if any, (ii) delivery to the Trustee after the
Closing Date of the Mortgage Notes and the assumption and
modification agreements, if any, with respect to each Designated
Loan, and (iii) delivery of the recorded Mortgages, title
insurance policies, recorded intervening assignments of Mortgage,
if any, and filed intervening UCC-3 financing statements, if any,
with respect to any Cooperative Loan to ascertain that all
required documents set forth in Section 2.01 have been executed,
received and recorded, if applicable, and that such documents
relate to the Mortgage Loans identified in Exhibit C hereto. In
performing such examination, the Trustee may conclusively assume
the due execution and genuineness of any such document and the
genuineness of any signature thereon. It is understood that the
scope of the Trustee's examination of the Mortgage Files is
limited solely to confirming, after receipt of the documents
listed in Section 2.01, that such documents have been executed,
received and recorded, if applicable, and relate to the Mortgage
Loans identified in Exhibit C to this Agreement. If in the course
of such review the Trustee finds (1) that any document required
to be delivered as aforesaid has not been delivered, or (2) any
such document has been mutilated, defaced or physically altered
without the borrower's authorization or approval, or (3) based
upon its examination of such documents, the information with
respect to any Mortgage Loan set forth on Exhibit C is not
accurate, the Trustee shall promptly so notify the Company in
writing, which shall have a period of 60 days after receipt of
such notice to correct or cure any such defect. The Company
hereby covenants and agrees that, if any such material defect
cannot be corrected or cured, the Company will on a Distribution
Date which is not later than the first Distribution Date which is
more than ten days after the end of such 60-day period repurchase
the related Mortgage Loan from the Trustee at the Purchase Price
therefor or replace such Mortgage Loan pursuant to Section
2.03(b); provided, however, that if the defect (or breach
pursuant to Section 2.03(a)) is one that, had it been discovered
before the Startup Day, would have prevented the Mortgage Loan
from being a "qualified mortgage" within the meaning of the REMIC
Provisions, such defect or breach shall be cured, or the related
Mortgage Loan shall be repurchased or replaced, on a Distribution
Date which falls within 90 days of the date of discovery of such
defect or breach. The Purchase Price for the repurchased Mortgage
Loan, or any amount required in respect of a substitution
pursuant to Section 2.03(b), shall be deposited by the Company in
the Certificate Account pursuant to Section 3.02(d) on the
Business Day prior to the applicable Distribution Date and, upon
receipt by the Trustee of written notification of such deposit
signed by a Servicing Officer, the Trustee shall release or cause
to be released to the Company the related Mortgage File and shall
execute and deliver or cause to be executed and
42
<PAGE>
delivered such instruments of transfer or assignment, in each
case without recourse, as shall be necessary to vest in the
Company any Mortgage Loan released pursuant hereto. It is
understood and agreed that the obligation of the Company to
repurchase or replace any Mortgage Loan as to which a material
defect in a constituent document exists shall constitute the sole
remedy respecting such defect available to Certificateholders or
the Trustee on behalf of Certificateholders.
Upon receipt by the Trustee of the Mortgage Note with
respect to a Designated Loan that is not defective in accordance
with the fifth sentence of the preceding paragraph, the related
Lost Note Affidavit delivered pursuant to Section 2.01 shall be
void and the Trustee shall return it to the Company.
Section 2.03. Representations and Warranties of the
Company; Mortgage Loan Repurchase. (a) The Company hereby
represents and warrants to the Trustee that:
(i) The information set forth in Exhibit C hereto
was true and correct in all material respects at the date
or dates respecting which such information is furnished;
(ii) As of the date of the initial issuance of the
Certificates, other than with respect to Cooperative Loans,
each Mortgage is a valid and enforceable first lien on the
property securing the related Mortgage Note subject only to
(a) the lien of current real property taxes and
assessments, (b) covenants, conditions and restrictions,
rights of way, easements and other matters of public record
as of the date of recording of such Mortgage, such
exceptions appearing of record being acceptable to mortgage
lending institutions generally in the area wherein the
property subject to the Mortgage is located or specifically
reflected in the appraisal obtained in connection with the
origination of the related Mortgage Loan obtained by the
Company and (c) other matters to which like properties are
commonly subject which do not materially interfere with the
benefits of the security intended to be provided by such
Mortgage;
(iii) Immediately prior to the transfer and assignment
herein contemplated, the Company had good title to, and was
the sole owner of, each Mortgage Loan and all action had
been taken to obtain good record title to each related
Mortgage. Each Mortgage Loan has been transferred free and
clear of any liens, claims and encumbrances;
(iv) As of the date of the initial issuance of the
Certificates, no payment of principal of or interest on or
in respect of any Mortgage Loan is 30 or more days past due
and none of the Mortgage Loans have been past due 30 or
more days more than once during the preceding 12 months;
(v) As of the date of the initial issuance of the
Certificates, other than with respect to Cooperative Loans,
there is no mechanics' lien or claim for work, labor or
material affecting the premises subject to any Mortgage
which is or may be a lien prior to, or equal or coordinate
with, the lien of such Mortgage except those which are
insured against by the title insurance policy referred to
in (x) below;
43
<PAGE>
(vi) As of the date of the initial issuance of the
Certificates, other than with respect to Cooperative Loans,
there is no delinquent tax or assessment lien against the
property subject to any Mortgage;
(vii) As of the date of the initial issuance of the
Certificates, there is no valid offset, defense or
counterclaim to any Mortgage Note or Mortgage, including
the obligation of the Mortgagor to pay the unpaid principal
and interest on such Mortgage Note;
(viii) As of the date of the initial issuance of the
Certificates, the physical property subject to any Mortgage
(or, in the case of a Cooperative Loan, the related
Cooperative Apartment) is free of material damage and is in
good repair;
(ix) Each Mortgage Loan at the time it was made
complied in all material respects with applicable state and
federal laws, including, without limitation, usury, equal
credit opportunity and disclosure laws;
(x) Other than with respect to Cooperative Loans, a
lender's title insurance policy or binder, or other
assurance of title insurance customary in the relevant
jurisdiction therefor was issued on the date of the
origination of each Mortgage Loan and each such policy or
binder is valid and remains in full force and effect;
(xi) None of the Mortgage Loans constitute Pledged
Asset Mortgage Loans. The Loan-to-Value Ratio of each
Mortgage Loan was not more than 95%. As of the Cutoff Date,
no more than 13.50% of the Mortgage Loans by Scheduled
Principal Balance had Loan-to-Value Ratios of more than 80%
and each such Mortgage Loan is covered by a Primary
Insurance Policy so long as its then outstanding principal
amount exceeds 80% of the greater of (a) the Original Value
and (b) the then current value of the related Mortgaged
Property as evidenced by an appraisal thereof satisfactory
to the Company. Each Primary Insurance Policy is issued by
a private mortgage insurer acceptable to FNMA or FHLMC;
(xii) Each Mortgage Note is payable on the first day
of each month in self-amortizing monthly installments of
principal and interest, with interest payable in arrears,
over an original term of not more than thirty years. The
Mortgage Rate of each Mortgage Note of the related Mortgage
Loan was not less than 6.3750% per annum and not greater
than 9.1250% per annum. The Mortgage Rate of each Mortgage
Note is fixed for the life of the related Mortgage Loan;
(xiii) Other than with respect to Cooperative Loans,
the improvements on the Mortgaged Properties are insured
against loss under a hazard insurance policy with extended
coverage and conforming to the requirements of Section 3.06
hereof. As of the date of initial issuance of the
Certificates, all such insurance policies are in full force
and effect;
44
<PAGE>
(xiv) As of the Cut-off Date, (i) no more than
9.000% of the Mortgage Loans by Scheduled Principal Balance
had a Scheduled Principal Balance of more than $500,000 and
up to and including $750,000; (ii) no more than 2.250% of
the Mortgage Loans by Scheduled Principal Balance had a
Scheduled Principal Balance of more than $750,000 and up to
and including $1,000,000; and (iii) no more than 0.500% of
the Mortgage Loans by Scheduled Principal Balance had a
Scheduled Principal Balance of more than $1,000,000;
(xv) As of the Cut-off Date, no more than 0.750% of
the Mortgage Loans by Scheduled Principal Balance are
secured by Mortgaged Properties located in any one postal
zip code area;
(xvi) As of the Cut-off Date, at least 97.250% of
the Mortgage Loans by Scheduled Principal Balance are
secured by Mortgaged Properties determined by the Company
to be the primary residence of the Mortgagor. The basis for
such determination is the making of a representation by the
Mortgagor at origination that he or she intends to occupy
the underlying property;
(xvii) As of the Cut-off Date, at least 90.50% of
the Mortgage Loans by Scheduled Principal Balance are
secured by one-family detached residences;
(xviii) As of the Cut-off Date, no more than 3.250%
of the Mortgage Loans by Scheduled Principal Balance are
secured by condominiums and, as of the Cutoff Date, no more
than 1.500% of the Mortgage Loans by Scheduled Principal
Balance are secured by two- to four-family residential
properties. As to each condominium or related Mortgage
Loan, (a) the related condominium is in a project that is
on the FNMA or FHLMC approved list, (b) the related
condominium is in a project that, upon submission of
appropriate application, could be so approved by either
FNMA or FHLMC, (c) the related Mortgage Loan meets the
requirements for purchase by FNMA or FHLMC, (d) the related
Mortgage Loan is of the type that could be approved for
purchase by FNMA or FHLMC but for the principal balance of
the related Mortgage Loan or the pre-sale requirements or
(e) the related Mortgage Loan has been approved by a
nationally recognized mortgage pool insurance company for
coverage under a mortgage pool insurance policy issued by
such insurer. As of the Cut-off Date, no more than 0.250%
of the Mortgage Loans by Scheduled Principal Balance are
secured by condominiums located in any one postal zip code
area;
(xix) Other than with respect to Cooperative Loans,
no Mortgage Loan is secured by a leasehold interest in the
related Mortgaged Property and each Mortgagor holds fee
title to the related Mortgaged Property;
(xx) As of the Cut-off Date, no more than 0.250% of
the Mortgage Loans by Scheduled Principal Balance
constituted Buydown Mortgage Loans. The maximum Buydown
Period for any Buydown Mortgage Loan is three years, and
the maximum difference between the stated Mortgage Rate of
any Buydown Mortgage Loan and the rate paid by the related
Mortgagor is three percentage points. The portion of the
interest
45
<PAGE>
rate paid by the related Mortgagor will not increase by
more than one percentage point for each six-month period.
(xxi) The original principal balances of the
Mortgage Loans range from $25,200 to $1,500,000;
(xxii) As of the Cut-off Date, no more than 2.250%
of the Mortgage Loans by Scheduled Principal Balance are
secured by second homes and no more than 0.750% of the
Mortgage Loans by Scheduled Principal Balance are secured
by investor-owned properties;
(xxiii) All appraisals have been prepared
substantially in accordance with the description contained
under the caption "The Trust Fund - The Mortgage Loans" in
the prospectus dated May 26, 1998, included in the
registration statement on Form S-3 (file no. 333-43755)
filed by the Company with the Securities and Exchange
Commission with respect to the offer and sale of certain
Classes of the Certificates;
(xxiv) No selection procedures, other than those
necessary to comply with the representations and warranties
set forth herein or the description of the Mortgage Loans
made in any disclosure document delivered to prospective
investors in the Certificates, have been utilized in
selecting the Mortgage Loans from the Company's portfolio
which would be adverse to the interests of the
Certificateholders;
(xxv) Other than with respect to Cooperative Loans,
to the best of the Company's knowledge, at origination no
improvement located on or being part of a Mortgaged
Property was in violation of any applicable zoning and
subdivision laws and ordinances;
(xxvi) None of the Mortgage Loans is a temporary
construction loan. With respect to any Mortgaged Property
which constitutes new construction, the related
construction has been completed substantially in accordance
with the specifications therefor and any incomplete aspect
of such construction shall not be material or interfere
with the habitability or legal occupancy of the Mortgaged
Property. Mortgage Loan amounts sufficient to effect any
such completion are in escrow for release upon or in
connection with such completion or a performance bond or
completion bond is in place to provide funds for this
purpose and such completion shall be accomplished within
120 days after weather conditions permit the commencement
thereof;
(xxvii) As of the Closing Date, each Mortgage Loan
is a "qualified mortgage" as defined in Section 860G(a)(3)
of the Code;
(xxviii) As of the Closing Date, the Company
possesses the Document File with respect to each Mortgage
Loan, and, other than with respect to Cooperative Loans,
the related Mortgages and intervening assignment or
assignments of Mortgages, if any, have been delivered to a
title insurance company for recording;
46
<PAGE>
(xxix) As of the Cut-Off Date, no more than 0.250%
of the Mortgage Loans, by Scheduled Principal Balance, are
Cooperative Loans. With respect to each Cooperative Loan:
(A) The Security Agreement creates a first lien
in the stock ownership and leasehold rights associated
with the related Cooperative Apartment;
(B) The lien created by the related Security
Agreement is a valid, enforceable and subsisting first
priority security interest in the related Cooperative
Stock securing the related Mortgage Note, subject only
to (a) liens of the Cooperative for unpaid assessments
representing the Mortgagor's pro rata share of the
Cooperative's payments for its blanket mortgage,
current and future real property taxes, insurance
premiums, maintenance fees and other assessments to
which like collateral is commonly subject and (b)
other matters to which like collateral is commonly
subject which do not materially interfere with the
benefits of the security intended to be provided by
the Security Agreement. There are no liens against or
security interest in the Cooperative Stock relating to
such Cooperative Loan (except for unpaid maintenance,
assessments and other amounts owed to the related
Cooperative which individually or in the aggregate do
not have a material adverse effect on such Cooperative
Loan), which have priority over the Trustee's security
interest in such Cooperative Stock;
(C) The Cooperative Stock that is pledged as
security for the Mortgage Loan is held by a person as
a "tenant-stockholder" within the meaning of section
216 of the Code, the related Cooperative that owns
title to the related cooperative apartment building is
a "cooperative housing corporation" within the meaning
of section 216 of the Code, and such Cooperative is in
material compliance with applicable federal, state and
local laws which, if not complied with, could have a
material adverse effect on the Mortgaged Property; and
(D) There is no prohibition against pledging the
Cooperative Stock or assigning the Proprietary Lease;
and
(xxx) With respect to each Mortgage Loan identified
on Exhibit C as having been originated or acquired under
the Company's Enhanced Streamlined Refinance program, the
value of the related Mortgaged Property, as of the date of
such origination or acquisition under the Company's
Enhanced Streamlined Refinance program, is no less than the
value thereof established at the time the mortgage loan
that is the subject of the refinancing was originated.
It is understood and agreed that the representations
and warranties set forth in this Section 2.03(a) shall survive
delivery of the respective Mortgage Files to the Trustee. Upon
discovery by either the Company or the Trustee of a breach of any
of the foregoing representations and warranties which materially
and adversely affects the interests of the Certificateholders in
the related Mortgage Loan, the party discovering such breach
shall give prompt written notice to the other. Subject to the
following sentence, within 60 days of its
47
<PAGE>
discovery or its receipt of notice of breach, or, with the prior
written consent of a Responsible Officer of the Trustee, such
longer period specified in such consent, the Company shall cure
such breach in all material respects or shall repurchase such
Mortgage Loan from the Trustee or replace such Mortgage Loan
pursuant to Section 2.03(b). Any such repurchase by the Company
shall be accomplished in the manner set forth in Section 2.02,
subject to the proviso of the third-to-last sentence thereof, and
at the Purchase Price. It is understood and agreed that the
obligation of the Company to repurchase or replace any Mortgage
Loan as to which a breach occurred and is continuing shall
constitute the sole remedy respecting such breach available to
Certificateholders or the Trustee on behalf of Certificateholders
and such obligation of the Company to repurchase or replace any
such Mortgage Loan shall not be assumed by any Person which may
succeed the Company as servicer hereunder, but shall continue as
an obligation of the Company. Notwithstanding the preceding
sentence, if a breach of the representation and warranty of the
Company contained in Section 2.03(a)(ix) occurs as a result of a
violation of the federal Truth in Lending Act, 15 U.S.C. ss. 1601
et seq., as amended ("TILA") or any state truth-in lending or
similar statute, and the Trustee or the Trust Fund is named as a
defendant in a TILA suit or a suit under any such statutes in
respect of such violation and liability in respect thereof is
imposed upon the Trustee or the Trust Fund as assignees of the
related Mortgage Loan pursuant to Section 1641 of TILA, or any
analogous provision of any such statute, the Company shall
indemnify the Trustee and the Trust Fund from, and hold them
harmless against, any and all losses, liabilities, damages,
claims or expenses (including reasonable attorneys' fees) to
which the Trustee and the Trust Fund, or either of them, become
subject pursuant to TILA or any such statute, insofar as such
losses, damages, claims or expenses (including reasonable
attorneys' fees) result from such violation. The Company's
obligations under the preceding sentence shall not impair or
derogate from the Company's obligations to the Trustee under
Section 8.05.
(b) If the Company is required to repurchase any Mortgage
Loan pursuant to Section 2.02 or 2.03(a), the Company may, at its
option, within the applicable time period specified in such
respective Sections, remove such Defective Mortgage Loan from the
terms of this Agreement and substitute one or more other mortgage
loans for such Defective Mortgage Loan, in lieu of repurchasing
such Defective Mortgage Loan, provided that no such substitution
shall occur more than two years after the Closing Date. Any
substitute Mortgage Loan shall (a) have a Scheduled Principal
Balance (together with that of any other Mortgage Loan
substituted for the same Defective Mortgage Loan) as of the first
Distribution Date following the month of substitution not in
excess of the Scheduled Principal Balance of the Defective
Mortgage Loan as of such date (the amount of any difference, plus
one month's interest thereon at the respective Remittance Rate,
to be deposited by the Company in the Certificate Account
pursuant to Section 2.02), (b) have a Mortgage Rate not less
than, and not more than one percentage point greater than, the
Mortgage Rate of the Defective Mortgage Loan, (c) have the same
Net Mortgage Rate as the Defective Mortgage Loan, (d) have a
remaining term to stated maturity not later than, and not more
than one year less than, the remaining term to stated maturity of
the Defective Mortgage Loan, (e) be, in the reasonable
determination of the Company, of the same type, quality and
character as the Defective Mortgage Loan as if the defect or
breach had not occurred, (f) have a ratio of its current
principal amount to its Original Value not greater than that of
the removed Mortgage Loan and (g) be, in the reasonable
determination of the Company, in compliance with the
representations and warranties contained in Section 2.03(a) as of
the date of substitution.
48
<PAGE>
The Company shall amend the Mortgage Loan Schedule to
reflect the withdrawal of any Defective Mortgage Loan and the
substitution of a substitute Mortgage Loan therefor. Upon such
amendment the Company shall be deemed to have made as to such
substitute Mortgage Loan the representations and warranties set
forth in Section 2.03(a) as of the date of such substitution,
which shall be continuing as long as any Certificate shall be
outstanding or this Agreement has not been terminated, and the
remedies for breach of any such representation or warranty shall
be as set forth in Section 2.03(a). Upon such amendment, the
Trustee shall review the Mortgage File delivered to it relating
to the substitute Mortgage Loan, within the time and in the
manner and with the remedies specified in Section 2.02, except
that for purposes of this Section 2.03(b) (other than the
two-year period specified in the first sentence of the preceding
paragraph of this Section 2.03(b)), such time shall be measured
from the date of the applicable substitution.
Section 2.04. Execution of Certificates. The Trustee has
caused to be executed, countersigned and delivered to or upon the
order of the Company, in exchange for the Mortgage Loans, the
Certificates in authorized denominations evidencing the entire
ownership of the Trust Fund.
Section 2.05. The REMICs. (a) For federal income tax
purposes, the Trust Fund shall consist of two REMICs, the Lower
Tier REMIC and the Upper Tier REMIC. The Certificates, other than
the Class RL Certificate, shall be issued by the Upper Tier
REMIC, and the Class RL Certificate shall be issued by the Lower
Tier REMIC. The Lower Tier REMIC shall be evidenced by the Class
RL Certificate and the regular interests having the
characteristics and terms set forth in the following table, which
interests (other than the Class RL Certificate) shall be issued
by the Lower Tier REMIC to the Trustee. The Lower Tier Interests
and the proceeds thereof shall be assets of the Upper Tier REMIC.
Principal of and interest on the Lower Tier Interests shall be
allocated to the Corresponding Classes of Certificates (or
Components) in the manner set forth in the following table.
49
<PAGE>
Corresponding Class
of Certificates(1)
Lower Tier Allocation Allocation
Lower-Tier Initial Lower Interest of of
Interest Tier Balance Rate Principal Interest
-------- ------------ ---- --------- --------
A1 $48,871,886.00 6.750% A1 (2)
A2 54,638,720.00 6.750 A2 (2)
A3 203,020,714.00 7.000 A3 A3
A4 7,889,139.00 0.000 A4 N/A
A5 18,949,394.00 6.750 A5 A5
A6 14,087,291.00 (3) A6 A6
A7 4,986,000.00 7.000 A7 A7
A8 51,175,000.00 6.750 A8 A8
A10 164,000,383.00 6.750 A10 A10
A11 20,252,000.00 6.750 A11 A11
A12 22,880,000.00 6.750 A12 A12
A13 23,196,750.00 6.750 A13 A13
A14 5,000,000.00 7.000 A14 A14
A15 33,000,000.00 6.750 A15 (2)
A16 3,652,261.00 (3) A16 A16
A17 22,394,100.00 6.750 A17 A17
A18 9,880,000.00 6.750 A18 A18
A19 12,872,248.00 6.750 A19 A19
PO 817,035.50 0.000 PO N/A
M 13,905,000.00 6.750 M M
B1 6,013,000.00 6.750 B1 B1
B2 3,382,000.00 6.750 B2 B2
B3 3,007,000.00 6.750 B3 B3
B4 1,503,000.00 6.750 B4 B4
B5 2,255,130.89 6.750 B5 B5
R 100.00 6.750 R R
- --------------------------
(1) Unless otherwise indicated, the amount of interest and
principal allocable from a Lower Tier Interest to its
Corresponding Class or Classes of Certificates on any
Distribution Date shall be 100%.
(2) On each Distribution Date, interest accrued on each of Lower-
Tier Interests A1, A2 and A15 for the applicable Interest Accrual
Period shall be allocated as follows: (x) an amount equal to the
Accrued Certificate Interest on the Class of Certificates with
the corresponding designation shall be allocated to such Class;
and (y) the excess of such amount shall be allocated to the Class
A9 Certificates.
(3) The Certificate Interest Rates of Lower Tier Interests A6 and
A16 for each Interest Accrual Period shall equal such rates for
the Class A6 and Class A16 Certificates, respectively.
50
<PAGE>
(b) The Lower Tier Interests shall be issued as
non-certificated interests. The Class RL Certificate shall be
issued in fully registered certificated form and shall be
executed and countersigned as provided in Section 5.01 hereof.
(c) For purposes of further identifying the terms of the
Lower Tier Interests, distributions of principal and interest on
each Class of Lower Tier Interests shall be considered to
correspond, in timing and aggregate amount, to the distributions
of principal and interest, respectively, made under Section 4.01
on the Corresponding Classes of Certificates or Components, and
allocations of losses on each Class of Lower Tier Interests shall
be considered to correspond, in timing and aggregate amount, to
the allocations of losses made under Section 4.03 on the
Corresponding Classes of Certificates or Components.
(d) On each Distribution Date, in addition to amounts
otherwise distributable thereon pursuant to Section 4.01, the
Trustee shall distribute to the holder of the Class RL
Certificate any amounts (other than the amounts described in
clauses (x) and (y) of the definition of Available Funds)
remaining in the Lower Tier REMIC after all amounts required to
be applied pursuant to Section 2.05(c) have been so applied. Any
distributions pursuant to this clause (d) shall not reduce the
Class Certificate Principal Balance of the Class RL Certificate.
Section 2.06. Designations under the REMIC Provisions. (a)
The Company hereby designates the Lower Tier Interests identified
in Section 2.05(a) above as "regular interests," and the Class RL
Certificate as the single class of "residual interests," in the
Lower Tier REMIC for purposes of the REMIC Provisions.
(b) The Company hereby designates the Classes of
Certificates identified in Section 5.01(b), other than the
Residual Certificates, as "regular interests," and the Class R
Certificate as the single class of "residual interests," in the
Upper Tier REMIC for purposes of the REMIC Provisions.
(c) The Closing Date will be the "Startup Day" for each of
the Upper Tier REMIC and Lower Tier REMIC for purposes of the
REMIC Provisions.
(d) The "tax matters person" with respect to the Upper Tier
REMIC for purposes of the REMIC Provisions shall be (i) the
Company, if the Company is the owner of a Class R Certificate, or
(ii) in any other case, the beneficial owner of the Class R
Certificate having the largest Percentage Interest of such Class;
provided, however, that such largest beneficial owner and, to the
extent relevant, each other holder of a Class R Certificate, by
its acceptance thereof irrevocably appoints the Company as its
agent and attorney-in-fact to act as "tax matters person" with
respect to the Upper Tier REMIC for purposes of the REMIC
Provisions.
The "tax matters person" with respect to the Lower Tier
REMIC for purposes of the REMIC Provisions shall be (i) the
Company, if the Company is the owner of a Class RL Certificate,
or (ii) in any other case, the beneficial owner of the Class RL
Certificate having the largest Percentage Interest of such Class;
provided, however, that such largest beneficial owner and, to the
extent relevant, each other holder of a Class RL Certificate, by
its acceptance thereof
51
<PAGE>
irrevocably appoints the Company as its agent and attorney-in-
fact to act as "tax matters person" with respect to the Lower
Tier REMIC for purposes of the REMIC Provisions.
(e) The "latest possible maturity date" of the regular
interests in the Upper Tier REMIC and Lower Tier REMIC is the
Latest Possible Maturity Date for purposes of section 860G(a)(1)
of the Code.
(f) In no event shall the Reserve Fund or the assets
described in clause (x) of the definition of the term Trust Fund
constitute a part of the Upper Tier REMIC or the Lower Tier
REMIC.
(g) In the event that the Servicing Fee exceeds the amount
reasonable for such services (within the meaning of Treasury
Regulation 1.860D-1(b)(1)(ii)), the portion or portions of such
fee that can be measured as a fixed number of basis points on
some or all of the Mortgage Loans and can be treated as one or
more stripped coupons within the meaning of Treasury Regulation
1.860D-1(b)(2)(iii) shall be treated as such stripped coupons and
shall not be treated as a REMIC asset.
ARTICLE III
ADMINISTRATION AND SERVICING OF MORTGAGE LOANS
Section 3.01. Company to Act as Servicer. (a) It is
intended that each of the Upper Tier REMIC and the Lower Tier
REMIC established hereunder shall constitute, and that the
affairs of the REMICs shall be conducted so as to qualify each of
the Upper Tier REMIC and the Lower Tier REMIC (other than any
collateral fund established under the agreement referred to in
Section 3.08(e)), as a "real estate mortgage investment conduit"
as defined in and in accordance with the REMIC Provisions. In
furtherance of such intention, the Company covenants and agrees
that it shall act as agent (and the Company is hereby appointed
to act as agent) on behalf of each of the Upper Tier REMIC and
the Lower Tier REMIC established hereunder and the respective
Holders of the Residual Certificates and that in such capacity it
shall:
(i) prepare and file, or cause to be prepared and
filed, in a timely manner, a U.S. Real Estate Mortgage
Investment Conduit Income Tax Return (Form 1066) and
prepare and file or cause to be prepared and filed with the
Internal Revenue Service and applicable state or local tax
authorities income tax or information returns for each
taxable year with respect to each of the Upper Tier REMIC
and the Lower Tier REMIC established hereunder, using the
calendar year as the taxable year and the accrual method of
accounting, containing such information and at the times
and in the manner as may be required by the Code or state
or local tax laws, regulations, or rules, and shall furnish
or cause to be furnished to Certificateholders the
schedules, statements or information at such times and in
such manner as may be required thereby;
(ii) within thirty days of the Closing Date, shall
furnish or cause to be furnished to the Internal Revenue
Service, on Form 8811 or as otherwise may be required by
the Code, the name, title, address, and telephone number of
the person that the holders
52
<PAGE>
of the Certificates may contact for tax information
relating thereto (and the Company shall act as the
representative of each of the Upper Tier REMIC and the
Lower Tier REMIC established hereunder for this purpose),
together with such additional information as may be
required by such Form, and shall update such information at
the time or times and in the manner required by the Code;
(iii) make or cause to be made an election, on
behalf of each of the Upper Tier REMIC and the Lower Tier
REMIC established hereunder, to be treated as a REMIC, and
make the appropriate designations, if applicable, in
accordance with Section 2.06 hereof on the federal tax
return of the Trust Fund for its first taxable year (and,
if necessary, under applicable state law);
(iv) prepare and forward, or cause to be prepared
and forwarded, to the Certificateholders and to the
Internal Revenue Service and, if necessary, state tax
authorities, all information returns or reports, or furnish
or cause to be furnished by telephone, mail, publication or
other appropriate method such information, as and when
required to be provided to them in accordance with the
REMIC Provisions, including without limitation, the
calculation of any original issue discount using the
Prepayment Assumption Multiple;
(v) provide information necessary for the
computation of tax imposed on the transfer of a Residual
Certificate to a Disqualified Organization, or an agent
(including a broker, nominee or other middleman) of a
Disqualified Organization, or a pass-through entity in
which a Disqualified Organization is the record holder of
an interest (the reasonable cost of computing and
furnishing such information may be charged to the Person
liable for such tax);
(vi) use its best reasonable efforts to conduct the
affairs of each of the Upper Tier REMIC and the Lower Tier
REMIC established hereunder at all times that any
Certificates are outstanding so as to maintain the status
thereof as a REMIC under the REMIC Provisions;
(vii) not knowingly or intentionally take any action
or omit to take any action that would cause the termination
of the REMIC status of either of the Upper Tier REMIC
or the Lower Tier REMIC or that would subject the Trust
Fund to tax, except for taxes for which the Company is
required to indemnify the Lower Tier REMIC pursuant to
Section 3.01(c);
(viii) exercise reasonable care not to allow the
creation of any "interests" (A) in the Upper Tier REMIC
within the meaning of section 860D(a)(2) of the Code in
addition to the interests represented by the Classes of
Certificates identified in Section 5.01(b) other than the
Class RL Certificate, and (B) in the Lower Tier REMIC
within the meaning of Section 860D(a)(2) of the Code in
addition to the interests represented by the Lower Tier
Interests identified in Section 2.05(a) and the Class RL
Certificate;
53
<PAGE>
(ix) exercise reasonable care not to allow the
occurrence of any "prohibited transactions" within the
meaning of section 860F of the Code, unless the Company
shall have provided an Opinion of Counsel to the Trustee
that such occurrence would not (a) result in a taxable
gain, (b) otherwise subject the Trust Fund to tax, or (c)
cause either of the Upper Tier REMIC or the Lower Tier
REMIC established hereunder to fail to qualify as a REMIC;
(x) exercise reasonable care not to allow the Trust
Fund to receive income from the performance of services or
from assets not permitted under the REMIC Provisions to be
held by a REMIC;
(xi) pay the amount of any federal or state tax,
including prohibited transaction taxes, taxes on certain
contributions to the Upper Tier REMIC or Lower Tier REMIC
after the Startup Day, and taxes on net income from
foreclosure property, imposed on the Trust Fund when and as
the same shall be due and payable (but such obligation
shall not prevent the Company or any other appropriate
Person from contesting any such tax in appropriate
proceedings and shall not prevent the Company from
withholding payment of such tax, if permitted by law,
pending the outcome of such proceedings);
(xii) ensure that federal, state or local income tax
or information returns shall be signed by the Trustee or
such other person as may be required to sign such returns
by the Code or state or local laws, regulations or rules;
and
(xiii) maintain such records relating to each of the
Upper Tier REMIC and the Lower Tier REMIC established
hereunder, including but not limited to the income,
expenses, individual Mortgage Loans (including Mortgaged
Property), other assets and liabilities thereof, and the
fair market value and adjusted basis of the property of
each determined at such intervals as may be required by the
Code, as may be necessary to prepare the foregoing returns,
schedules, statements or information.
The Company shall be entitled to be reimbursed
pursuant to Section 3.04 for any federal income taxes paid by it
pursuant to clause (xi) of the preceding sentence, except to the
extent that such taxes are imposed as a result of the bad faith,
misfeasance or negligence of the Company in the performance of
its obligations hereunder. The Company shall not be entitled to
be reimbursed for any taxes paid pursuant to the indemnification
provisions of Section 3.01(c) (except as provided therein). With
respect to any reimbursement of prohibited transaction taxes, the
Company shall inform the Trustee of the circumstances under which
such taxes were incurred.
(b) The Company shall service and administer the Mortgage
Loans and shall have full power and authority, acting alone or
through one or more Primary Servicers, to do any and all things
in connection with such servicing and administration which it may
deem necessary or desirable. Without limiting the generality of
the foregoing, the Company shall continue, and is hereby
authorized and empowered by the Trustee, to execute and deliver,
or file, as appropriate, on behalf of itself, the
Certificateholders and the Trustee or any of them, any and all
continuation statements, termination statements, instruments of
satisfaction or cancellation, or of partial or full
55
<PAGE>
release or discharge and all other comparable instruments, with
respect to the Mortgage Loans and with respect to the properties
subject to the Mortgages. Without limitation of the foregoing, if
the Company in its individual capacity agrees to refinance any
Mortgage Loan upon the request of the related Mortgagor, the
Company, as servicer hereunder, may execute an instrument of
assignment in customary form to the Company in its individual
capacity. In connection with any such refinancing, the Trustee
shall, upon certification of a Servicing Officer to the effect
that an amount equal to the principal balance of the related
Mortgage Loan together with accrued and unpaid interest thereon
at the applicable Remittance Rate to the date of such
certification has been credited to the Mortgage Loan Payment
Record, release the related Mortgage File to the Company
whereupon the Company may cancel the related Mortgage Note. Upon
request by the Company after the execution and delivery of this
Agreement, the Trustee shall furnish the Company with any powers
of attorney and other documents necessary or appropriate to
enable the Company to carry out its servicing and administrative
duties hereunder. Except as otherwise provided herein, the
Company shall maintain servicing standards substantially
equivalent to those required for approval by FNMA or FHLMC. The
Company shall not agree to any modification of the material terms
of any Mortgage Loan except as provided in the second sentence of
Section 3.02(a) and in Section 3.07. The Company shall not
release any portion of any Mortgaged Property from the lien of
the related Mortgage unless the related Mortgage Loan would be a
"qualified mortgage" within the meaning of the REMIC Provisions
following such release.
(c) [Intentionally Omitted.]
(d) The relationship of the Company (and of any successor to
the Company as servicer under this Agreement) to the Trustee
under this Agreement is intended by the parties to be that of an
independent contractor and not that of a joint venturer, partner
or agent.
(e) All costs incurred by the Company in effecting the
timely payment of taxes and assessments on the properties subject
to the Mortgage Loans shall not, for the purpose of calculating
monthly distributions to Certificateholders, be added to the
amount owing under the related Mortgage Loans, notwithstanding
that the terms of such Mortgage Loans so permit, and such costs
shall be recoverable by the Company to the extent permitted by
Section 3.04. The Company shall collect such amounts from the
Mortgagor and shall credit the Mortgage Loan Payment Record
accordingly.
(f) If the Company enters into a servicing agreement with
any servicer (a "Primary Servicer") pursuant to which such
Primary Servicer shall directly service certain Mortgage Loans
and the Company shall perform master servicing with respect
thereto, the Company shall not be released from its obligations
to the Trustee and Certificateholders with respect to the
servicing and administration of the Mortgage Loans in accordance
with the provisions of Article III hereof and such obligations
shall not be diminished by virtue of any such servicing agreement
or arrangement and the Company shall be obligated to the same
extent and under the same terms and conditions as if the Company
alone were servicing and administering the Mortgage Loans. Any
amounts received by a Primary Servicer in respect of a Mortgage
Loan shall be deemed to have been received by the Company whether
or not actually received by it. Any servicing agreement that may
be entered into and any transactions or services relating to the
Mortgage
55
<PAGE>
Loans involving a Primary Servicer in its capacity as such shall
be deemed to be between the Company and the Primary Servicer
alone, and the Trustee and the Certificateholders shall have no
claims, obligations, duties or liabilities with respect thereto.
Notwithstanding the foregoing, in the event the Company has been
removed as the servicer hereunder pursuant to Section 6.04 or
Section 7.01, the Trustee or any successor servicer appointed
pursuant to Section 7.02 shall succeed to all of the Company's
rights and interests (but not to any obligations or liabilities
of the Company arising prior to the date of succession) under any
servicing agreement with any Primary Servicer in respect of the
Mortgage Loans, subject to the limitation on the Trustee's
responsibilities under Section 7.02.
(g) In no event shall any collateral fund established under
the agreement referred to in Section 3.08(e) constitute an asset
of any REMIC established hereunder.
Section 3.02. Collection of Certain Mortgage Loan Payments;
Mortgage Loan Payment Record; Certificate Account. (a) The
Company shall make reasonable efforts to collect all payments
called for under the terms and provisions of the Mortgage Loans,
and shall, to the extent such procedures shall be consistent with
this Agreement, follow such collection procedures as it follows
with respect to mortgage loans comparable to the Mortgage Loans
in its servicing portfolio. Consistent with the foregoing, the
Company may in its discretion (i) waive any late payment charge
or any assumption fees or other fees which may be collected in
the ordinary course of servicing such Mortgage Loan and (ii) if a
default on the Mortgage Loan has occurred or is reasonably
foreseeable, arrange at any time prior to foreclosure with a
Mortgagor a schedule for the payment of due and unpaid principal
and interest for a period extending not longer than two years
after the date that such schedule is arranged. Any arrangement of
the sort described in clause (ii) above shall not affect the
amount or timing of the Company's obligation to make Monthly
Advances with respect to any Mortgage Loan which Monthly Advances
shall be made pursuant to the original amortization schedule
applicable to such Mortgage Loan.
(b) The Company shall establish and maintain a Mortgage Loan
Payment Record in which the following payments on and collections
in respect of each Mortgage Loan shall as promptly as practicable
be credited by the Company for the account of the Holders of the
Certificates:
(i) All payments on account of principal, including
Principal Prepayments (other than (A) payments of principal
due and payable on the Mortgage Loans on or before, and all
Principal Prepayments received before, the Cut-off Date,
(B) in the case of a substitute Mortgage Loan, payments of
principal due and payable on such Mortgage Loan on or
before the Determination Date in the month of substitution,
and all Principal Prepayments received before the first day
of the month of substitution, and (C) in the case of a
replaced Mortgage Loan, payments of principal due and
payable on such Mortgage Loan after the Determination Date
in the month of substitution, and all Principal Prepayments
received in the month of substitution);
(ii) All payments (other than (A) those due and
payable on or before the Cut-off Date, (B) in the case of a
substitute Mortgage Loan, those due and payable on such
Mortgage Loan on or before the Determination Date in the
month of substitution,
56
<PAGE>
and (C) in the case of a replaced Mortgage Loan, those due
and payable on such Mortgage Loan after the Determination
Date in the month of substitution) on account of interest
at the applicable Remittance Rate on the Mortgage Loan
received from the related Mortgagor, including any Buydown
Funds applied with respect to interest at the applicable
Remittance Rate on any Buydown Mortgage Loan;
(iii) All Liquidation Proceeds received by the
Company with respect to such Mortgage Loan and the Purchase
Price for any Mortgage Loan purchased by the Company
pursuant to Sections 2.02, 2.03 and 3.16 (including any
amounts received in respect of a substitution of a Mortgage
Loan);
(iv) All Insurance Proceeds (including, for this
purpose, any amounts required to be credited by the Company
pursuant to the last sentence of Section 3.06) received by
the Company for the benefit of the Trust Fund, other than
proceeds to be applied to the restoration or repair of the
property subject to the related Mortgage or released, or to
be released, to the related Mortgagor in accordance with
the normal servicing procedures of the Company;
(v) All REO Proceeds;
(vi) All Unanticipated Recoveries; and
(vii) All amounts received by the Company with
respect to any Pledged Asset Mortgage Loan pursuant to the
liquidation of any Additional Collateral or pursuant to any
recovery under the Surety Bond in accordance with Section
4.09.
The foregoing requirements respecting credits to the
Mortgage Loan Payment Record are exclusive, it being understood
that, without limiting the generality of the foregoing, the
Company need not enter in the Mortgage Loan Payment Record
collections, Liquidation Proceeds or Insurance Proceeds in
respect of Mortgage Loans which have been previously released
from the terms of this Agreement, amounts representing fees or
late charge penalties payable by Mortgagors, or amounts received
by the Company for the account of Mortgagors for application
towards the payment of taxes, insurance premiums, assessments and
similar items.
(c) Subject to subsection (e) below, until the Business Day
prior to each Distribution Date on which amounts are required to
be transferred to the Certificate Account pursuant to subsection
(d) of this Section 3.02, the Company may retain and commingle
such amounts with its own funds and shall be entitled to retain
for its own account any gain or investment income thereon, and
any such investment income shall not be subject to any claim of
the Trustee or Certificateholders. To the extent that the Company
realizes any net loss on any such investments, the Company shall
deposit in the Certificate Account an amount equal to such net
loss at the time the Company is required to deposit amounts in
the Certificate Account pursuant to subsection (d) of this
section 3.02. Any such deposit shall not increase the Company's
obligation under said subsection (d).
57
<PAGE>
(d) The Trustee shall establish and maintain with the
Trustee in its corporate trust department a single separate trust
account designated in the name of the Trustee for the benefit of
the Holders of the Certificates issued hereunder (the
"Certificate Account") into which the Company shall transfer, not
later than 11:00 a.m. New York time on the Business Day prior to
each Distribution Date, an amount in next day funds equal to the
sum of Available Funds for such Distribution Date and any
Unanticipated Recoveries received in the calendar month preceding
the month of such Distribution Date. If the Trustee does not
receive such transfer by 2:00 p.m. on such Business Day, it shall
give the Company written notice thereof.
(e) If the Company or a Responsible Officer of the Trustee
obtains actual notice of or knowledge of the occurrence of either
(x) any Trigger Event or (y) the downgrade by S&P of General
Electric Capital Corporation's short-term senior unsecured debt
rating below A-1+ then, notwithstanding subsection (c) above, the
Company shall promptly establish, and thereafter maintain, one or
more Eligible Accounts in the name of the Trustee and bearing a
designation indicating that amounts therein are held for the
benefit of the Trustee and the Certificateholders, into which the
Company and any Primary Servicer shall deposit within two
Business Days after receipt, all amounts otherwise required to be
credited to the Mortgage Loan Payment Record pursuant to Section
3.02(b); provided, however, that such action shall not be
required if the Company delivers to the Trustee a letter from
each Rating Agency to the effect that the failure to take such
action will not cause such Rating Agency to withdraw or reduce
its then current ratings of the Certificates. All amounts so
deposited shall be held in trust for the benefit of
Certificateholders. Amounts so deposited may be invested at the
written instruction of the Company in Permitted Investments in
the name of the Trustee maturing no later than the Business Day
preceding the Distribution Date following the date of such
investment; provided, however, that any such Permitted Investment
which is an obligation of State Street Bank and Trust Company, in
its individual capacity and not in its capacity as Trustee, may
mature on such Distribution Date; and, provided further, that no
such Permitted Investment shall be sold before the maturity
thereof if the sale thereof would result in the realization of
gain prior to maturity unless the Company has obtained an Opinion
of Counsel that such sale or disposition will not cause the Trust
Fund to be subject to the tax on prohibited transactions under
section 860F of the Code, or otherwise subject the Trust Fund to
tax or cause either of the Upper Tier REMIC or the Lower Tier
REMIC established hereunder to fail to qualify as a REMIC. The
Trustee shall maintain physical possession of all Permitted
Investments, other than Permitted Investments maintained in
book-entry form. The Company, as servicer, shall be entitled to
retain for its own account any gain or other income from
Permitted Investments, and neither the Trustee nor
Certificateholders shall have any right or claim with respect to
such income. The Company shall deposit an amount equal to any
loss realized on any Permitted Investment as soon as any such
loss is realized. If the provisions in this subsection (e) become
operable, references in this Agreement to the Mortgage Loan
Payment Record and credits and debits to such Record shall be
deemed to refer to Eligible Accounts and transfers to and
withdrawals from such Eligible Accounts. Any action which may be
necessary to establish the terms of an account pursuant to this
Section 3.02(e) may be taken by an amendment or supplement to
this Agreement or pursuant to a written order of the Company,
which amendment, supplement or order shall not require the
consent of Certificateholders, provided that the Company has
delivered to the Trustee a letter from each Rating Agency to the
effect that such amendment, supplement or order will not cause
such Rating Agency to withdraw or reduce its then current ratings
of the Certificates.
58
<PAGE>
Section 3.03. Collection of Taxes, Assessments and Other
Items. Other than with respect to any Cooperative Loan, the
Company shall establish and maintain with one or more depository
institutions one or more accounts into which it shall deposit all
collections of taxes, assessments, private mortgage or hazard
insurance premiums or comparable items for the account of the
Mortgagors. As servicer, the Company shall effect the timely
payment of all such items for the account of Mortgagors.
Withdrawals from such account or accounts may be made only to
effect payment of taxes, assessments, private mortgage or
standard hazard insurance premiums or comparable items, to
reimburse the Company out of related collections for any payments
made regarding taxes and assessments or for any payments made
pursuant to Section 3.05 regarding premiums on Primary Insurance
Policies and Section 3.06 regarding premiums on standard hazard
insurance policies, to refund to any Mortgagors any sums
determined to be overages, or to pay interest owed to Mortgagors
to the extent required by law.
Section 3.04. Permitted Debits to the Mortgage Loan Payment
Record. The Company (or any successor servicer pursuant to
Section 7.02) may, from time to time, make debits to the Mortgage
Loan Payment Record for the following purposes:
(i) To reimburse the Company or the applicable
Primary Servicer for Liquidation Expenses theretofore
incurred in respect of any Mortgage Loan in an amount not
to exceed the amount of the related Liquidation Proceeds
credited to the Mortgage Loan Payment Record pursuant to
Section 3.02(b)(iii); provided that the Company or the
applicable Primary Servicer shall not be entitled to
reimbursement for Liquidation Expenses incurred after the
initiation of foreclosure proceedings in respect of any
Defaulted Mortgage Loan that is repurchased pursuant to
Section 3.16;
(ii) To reimburse the Company or the applicable
Primary Servicer for Insured Expenses and amounts expended
by it pursuant to Section 3.08 in good faith in connection
with the restoration of property damaged by an Uninsured
Cause, in an amount not to exceed the amount of the related
Insurance Proceeds and Liquidation Proceeds (net of any
debits pursuant to clause (i) above) and amounts
representing proceeds of other insurance policies covering
the property subject to the related Mortgage credited to
the Mortgage Loan Payment Record pursuant to Section
3.02(b) (iii) and (iv);
(iii) To reimburse the Company to the extent
permitted by Sections 3.01(a) and 6.04;
(iv) To pay to the Company amounts received in
respect of any Defective Mortgage Loan or Defaulted
Mortgage Loan purchased by the Company to the extent that
the distribution of any such amounts on the Distribution
Date upon which the proceeds of such purchase are
distributed would make the total amount distributed in
respect of any such Mortgage Loan on such Distribution Date
greater than the Purchase Price therefor, net of any
unreimbursed Monthly Advances made by the Company;
(v) To reimburse the Company (or the Trustee, as
applicable) for Monthly Advances theretofore made in
respect of any Mortgage Loan to the extent of late
59
<PAGE>
payments, REO Proceeds, Insurance Proceeds and Liquidation
Proceeds in respect of such Mortgage Loan;
(vi) To reimburse the Company from any Mortgagor
payment of interest or other recovery with respect to a
particular Mortgage Loan, to the extent not previously
retained by the Company, for unpaid Servicing Fees with
respect to such Mortgage Loan, subject to Section 3.08(d);
(vii) To reimburse the Company (or the Trustee, as
applicable) for any Nonrecoverable Advance (which right of
reimbursement of the Trustee pursuant to this clause shall
be prior to such right of the Company);
(viii) To make transfers of funds to the Certificate
Account pursuant to Section 3.02(d); and
(ix) To deduct any amount credited to the Mortgage
Loan Payment Record in error.
The Company shall keep and maintain separate
accounting records, on a Mortgage Loan by Mortgage Loan basis,
for the purpose of accounting for debits to the Mortgage Loan
Payment Record pursuant to clauses (i), (ii), (iv), (v) and (vi)
of this Section 3.04; provided, however, that it is understood
and agreed that the records of such accounting need not be
retained by the Company for a period longer than the five most
recent fiscal years.
Section 3.05. Maintenance of the Primary Insurance
Policies. (a) The Company shall not take any action which would
result in non-coverage under any applicable Primary Insurance
Policy of any loss which, but for the actions of the Company,
would have been covered thereunder. To the extent coverage is
available, the Company shall keep or cause to be kept in full
force and effect each such Primary Insurance Policy until the
principal balance of the related Mortgage Note is 80% or less of
the greater of (i) the related Original Value and (ii) the then
current value of the property underlying the related Mortgage
Note as evidenced by an appraisal thereof satisfactory to the
Company; provided that no such Primary Insurance Policy need be
kept in effect if doing so would violate applicable law. The
Company shall not cancel or refuse to renew any such Primary
Insurance Policy applicable to a Mortgage Loan that is in effect
at the Closing Date and is required to be kept in force hereunder
unless the replacement Primary Insurance Policy for such canceled
or non-renewed policy is maintained with an insurer whose
claims-paying ability is acceptable to each Rating Agency for
mortgage pass-through certificates having ratings equal to or
better than the ratings then assigned to the Certificates by such
Rating Agency. The Company agrees to effect the timely payment of
the premium on each Primary Insurance Policy, and such costs not
otherwise recoverable shall be recoverable by the Company from
related Insurance Proceeds and Liquidation Proceeds pursuant to
Section 3.04.
(b) In connection with its activities as administrator and
servicer of the Mortgage Loans, the Company agrees to present, on
behalf of itself, the Trustee and the Certificateholders, claims
to the insurer under each Primary Insurance Policy and, in this
regard, to take such reasonable action as shall be necessary to
permit recovery under any Primary Insurance Policy respecting a
60
<PAGE>
related defaulted Mortgage Loan. To the extent provided in
Section 3.02(b), any amounts collected by the Company under any
Primary Insurance Policy in respect of the Mortgage Loans
(including, without limitation, a Mortgage Loan purchased by a
related insurer) shall be credited to the Mortgage Loan Payment
Record.
Section 3.06. Maintenance of Hazard Insurance. The Company
shall cause to be maintained for each Mortgage Loan, other than a
Cooperative Loan, hazard insurance with a standard mortgagee
clause and with extended coverage in an amount which is at least
equal to the maximum insurable value of the improvements securing
such Mortgage Loan from time to time or the principal balance
owing on such Mortgage Loan from time to time, whichever is less.
The Company shall also maintain on property (other than
Cooperative Apartments) acquired upon foreclosure, or by deed in
lieu of foreclosure, hazard insurance with extended coverage in
an amount which is at least equal to the lesser of (i) the
maximum insurable value from time to time of the improvements
which are a part of such property or (ii) the unpaid principal
balance of such Mortgage Loan at the time of such foreclosure or
deed in lieu of foreclosure plus accrued interest and the
good-faith estimate of the Company of related Liquidation
Expenses to be incurred in connection therewith. To the extent
provided in Section 3.02(b)(iv), amounts collected by the Company
under any such policies in respect of the Mortgage Loans shall be
credited to the Mortgage Loan Payment Record. Such costs shall be
recoverable by the Company pursuant to Sections 3.03 and 3.04. In
cases in which property securing any Mortgage Loan other than a
Cooperative Loan is located in a federally designated flood area,
the hazard insurance to be maintained for such Mortgage Loan
shall include flood insurance. All such flood insurance shall be
in such amounts as are required under applicable guidelines of
FNMA. The Company shall be under no obligation to require that
any Mortgagor maintain earthquake or other additional insurance
and shall be under no obligation itself to maintain any such
additional insurance on property acquired in respect of a
Mortgage Loan, other than pursuant to such applicable laws and
regulations as shall at any time be in force and as shall require
such additional insurance. If the Company shall obtain and
maintain a blanket policy insuring against hazard losses on all
of the Mortgage Loans (whether or not including Cooperative
Loans), it shall conclusively be deemed to have satisfied its
obligations as set forth in the first sentence of this Section
3.06, it being understood and agreed that such policy may contain
a deductible clause, in which case the Company shall, in the
event that there shall not have been maintained on the related
Mortgaged Property a policy complying with the first sentence of
this Section 3.06, and there shall have been a loss which would
have been covered by such policy, credit to the Mortgage Loan
Payment Record the amount not otherwise payable under the blanket
policy because of such deductible clause.
Section 3.07. Assumption and Modification Agreements. (a)
In any case in which property subject to a Mortgage has been or
is about to be conveyed by the Mortgagor, the Company shall
exercise its right to accelerate the maturity of such Mortgage
Loan under any "due-on-sale" clause applicable thereto, unless in
the reasonable discretion of the Company, such exercise would
adversely affect or jeopardize coverage under the related Primary
Insurance Policy, if any; provided, however, that if the Company
is prevented, as provided in Section 3.07(b), from enforcing any
such clause, the Company is authorized to make or enter into an
assumption and modification agreement from or with the Person to
whom such property has been or is about to be conveyed, pursuant
to which such Person becomes liable under the Mortgage
61
<PAGE>
Note and the Mortgagor remains liable thereon. In connection with
any such assumption and modification agreement, the Company shall
apply its then current underwriting standards to such Person. The
Company shall not make or enter into any such assumption and
modification agreement, however, unless (to the extent
practicable in the circumstances) it shall have received
confirmation of the continued effectiveness of any applicable
Primary Insurance Policy and hazard insurance policy. The Company
shall notify the Trustee that any assumption and modification
agreement has been completed by forwarding to the Trustee the
original copy thereof, which copy shall be added by the Trustee
to the related Mortgage File and shall, for all purposes, be
considered a part of such Mortgage File to the same extent as all
other documents and instruments constituting a part thereof. In
connection with any such agreement, the Mortgage Rate, mortgage
term and any other material term of such Mortgage Loan shall not
be changed. Any fee collected by the Company for entering into
any such agreement will be retained by the Company as additional
servicing compensation.
(b) Notwithstanding Section 3.07(a) or any other provision
of this Agreement, the Company shall not be deemed to be in
default, breach or any other violation of its obligations
hereunder by reason of any assumption of a Mortgage Loan, or
transfer of the property subject to a Mortgage without the
assumption thereof, by operation of law or any assumption or
transfer which the Company reasonably believes it may be
restricted by law from preventing, for any reason whatsoever.
Section 3.08. Realization Upon Defaulted Mortgage Loans.
(a) The Company shall foreclose upon or otherwise comparably
convert the ownership of properties securing such of the Mortgage
Loans as come into and continue in default and as to which no
satisfactory arrangements can be made for collection of
delinquent payments pursuant to Section 3.02. In connection with
such foreclosure or other conversion the Company shall,
consistent with Section 3.05, follow such practices and
procedures as it shall deem necessary or advisable and as shall
be normal and usual in its general mortgage servicing activities.
The foregoing is subject to the proviso that the Company shall
not be required to expend its own funds in connection with any
foreclosure or towards the restoration of any property unless it
shall determine (i) that such restoration or foreclosure will
increase the proceeds of liquidation of the Mortgage Loan to
Certificateholders after reimbursement to itself for such
expenses and (ii) that such expenses will be recoverable to it
either through Liquidation Proceeds or Insurance Proceeds.
Notwithstanding the foregoing, the Company shall not be entitled
to recover legal expenses incurred in connection with foreclosure
proceedings where the Mortgage Loan is reinstated and such
foreclosure proceedings are terminated prior to completion, other
than sums received from the Mortgagor for such expenses.
Notwithstanding anything to the contrary contained
herein, the Company shall be under no obligation to foreclose
upon or otherwise convert the ownership of any Mortgaged Property
which it believes may be contaminated with or affected by
hazardous or toxic wastes, materials or substances. The Company
may, but shall not be obligated to, make such determination on
the basis of a Phase I environmental assessment with respect to
the related Mortgaged Property. Neither the Trustee nor the
Company shall be liable to the Trust Fund or the
Certificateholders if, based on the Company's belief that such
contamination or effect exists, the Company does not foreclose
upon or otherwise convert the ownership of a Mortgaged
62
<PAGE>
Property. In addition, neither the Trustee nor the Company shall
be liable to the Trust Fund or the Certificateholders if, based
on the Company's belief that no such contamination or effect
exists, the Company forecloses upon a Mortgaged Property and the
Trustee or its nominee on behalf of the Trust Fund takes title to
such Mortgaged Property, and thereafter such Mortgaged Property
is determined to be so contaminated or affected.
(b) In the event that title to any Mortgaged Property is
acquired in foreclosure or by deed in lieu of foreclosure, the
deed or certificate of sale shall be issued to the Trustee, or to
its nominee on behalf of the Trust Fund. Notwithstanding any such
acquisition of title and cancellation of the related Mortgage
Loan, such Mortgage Loan shall (except for purposes of Section
9.01) be considered to be an Outstanding Mortgage Loan until such
time as the Mortgaged Property shall be sold and such Mortgage
Loan becomes a Liquidated Mortgage Loan. Consistent with the
foregoing, for purposes of all calculations hereunder so long as
such Mortgage Loan shall be considered to be an Outstanding
Mortgage Loan, it shall be assumed that the related Mortgage Note
and its amortization schedule in effect on and after such
acquisition of title (after giving effect to any previous
Principal Prepayments and Deficient Valuations incurred
subsequent to the related Bankruptcy Coverage Termination Date
and before any adjustment thereto by reason of any bankruptcy
(other than as aforesaid) or any similar proceeding or any
moratorium or similar waiver or grace period) remain in effect
(notwithstanding that the indebtedness evidenced by such Mortgage
Note shall have been discharged), subject to adjustment to
reflect the application of REO Proceeds received in any month.
REO Proceeds received in any month shall be applied to the
payment of the installments of principal due and interest accrued
on the related REO Mortgage Loan in accordance with the terms of
such Mortgage Note. REO Proceeds received in any month in excess
of the Amortization Payment for such month due on an REO Mortgage
Loan shall be treated as a Principal Prepayment received in
respect of such Mortgage Loan.
(c) In the event that the Trust Fund acquires any Mortgaged
Property as aforesaid or otherwise in connection with a default
or imminent default on a Mortgage Loan, the Company shall dispose
of such Mortgaged Property prior to the close of the third
calendar year after the year of its acquisition by the Trust Fund
unless (a) the Trustee shall have been supplied with an Opinion
of Counsel to the effect that the holding by the Trust Fund of
such Mortgaged Property subsequent to such period (and specifying
the period beyond such period for which the Mortgaged Property
may be held) will not result in the imposition of taxes on
"prohibited transactions" of the Trust Fund as defined in section
860F of the Code, or cause either of the Upper Tier REMIC or the
Lower Tier REMIC established hereunder to fail to qualify as a
REMIC at any time that any Certificates are outstanding, in which
case the Trust Fund may continue to hold such Mortgaged Property
(subject to any conditions contained in such Opinion of Counsel),
or (b) the Trustee (at the Company's expense) or the Company
shall have applied for, not later than 61 days prior to the
expiration of such period, an extension of such period in the
manner contemplated by section 856(e)(3) of the Code, in which
case such period shall be extended by the time period permitted
by section 856(e)(3) of the Code. Notwithstanding any other
provision of this Agreement, no Mortgaged Property acquired by
the Trust Fund shall be rented (or allowed to continue to be
rented) or otherwise used for the production of income by or on
behalf of the Trust Fund or sold in such a manner or pursuant to
any terms that would (i) cause such Mortgaged Property to fail to
qualify at any time as "foreclosure property" within the
64
<PAGE>
meaning of section 860G(a)(8) of the Code, (ii) subject the Trust
Fund to the imposition of any federal or state income taxes on
"net income from foreclosure property" with respect to such
Mortgaged Property within the meaning of section 860G(c) of the
Code, or (iii) cause the sale of such Mortgaged Property to
result in the receipt by the Trust Fund of any income from
non-permitted assets as described in section 860F(a)(2)(B) of the
Code, unless the Company has agreed to indemnify and hold
harmless the Trust Fund with respect to the imposition of any
such taxes.
(d) Any collection of Insurance Proceeds or Liquidation
Proceeds will be applied in the following order of priority:
first, to reimburse the Company for any related unreimbursed
Liquidation Expenses and to reimburse the Company or the Trustee,
as applicable, for any related unreimbursed Monthly Advances;
second, to accrued and unpaid interest on the Mortgage Loan at
the Mortgage Rate from the date to which interest was last paid
or advanced to the Due Date prior to the Distribution Date on
which such amounts are to be distributed; and third, as a
recovery of principal of the Mortgage Loan. If the amount so
allocated to interest is less than the full amount of accrued and
unpaid interest due on such Mortgage Loan, the amount of such
recovery will be allocated among the Base Servicing Fee at the
Base Servicing Fee Rate, the Supplemental Servicing Fee at the
Supplemental Servicing Fee Rate and interest at the Remittance
Rate in proportion to the amount of such accrued interest which
would have been allocated to each such category in the absence of
any shortfall. The resulting Interest Loss shall be allocated
among each such category in the same proportion as described in
the preceding sentence. The portion so allocated to interest at
the Remittance Rate shall be allocated to the Certificates for
purposes of making the allocation specified in the definition of
Certificate Interest Loss.
(e) Notwithstanding anything to the contrary contained
herein, the Company shall have the right to enter into an
agreement substantially in the form of Exhibit K hereto with any
Person that is the Holder of 100% of the Class B5 Certificates
(provided that such form may be revised to delete the option on
the part of such Person to purchase a defaulted Mortgage Loan as
set forth in Section 2.02(f) thereof). Prior to entering into any
such agreement with any Person, the Company shall obtain a
certification from such Person to the effect that (i) such Person
is not an "affiliate" (within the meaning of the Prohibited
Transaction Exemption) of the Trustee and (ii) such Person will
not purchase any Certificates if such purchase would cause such
Person to hold more than a ten percent interest in the Mortgage
Pool. It is understood that the right of the Company to be
reimbursed for Monthly Advances and Nonrecoverable Advances under
this Agreement shall not be affected in any way by the provisions
of any such agreement. The Trustee hereby agrees to perform such
obligations as may be expressly required of it pursuant to the
provisions of such agreement and to promptly notify each party to
such agreement if a Responsible Officer of the Trustee (with
direct responsibility for administration of this Agreement)
becomes aware of any discussions, plans or events that might lead
to the Trustee's becoming an "affiliate" (within the meaning of
the Prohibited Transaction Exemption) of any Person with which
the Company has entered into such agreement, provided that the
contents of any such notification shall be kept confidential by
the parties to such agreement. The Company agrees to promptly
notify the Trustee upon entering into any such agreement. In
addition, the Company shall provide the Trustee with such
information as may be necessary for the Trustee to perform its
obligations thereunder, including written instructions, clearly
identifying the source,
64
<PAGE>
amount and application of funds to be deposited or withdrawn from
the Collateral Fund (as defined in such agreement). The Trustee
shall provide the Company with such information concerning
credits and debits to the Collateral Fund on account of income,
gains and losses realized from Collateral Fund Permitted
Investments (as defined in such agreement), and costs associated
with the purchase and sale thereof, as the Company may request in
order to prepare the instructions described in the preceding
sentence.
In addition, subject to the provisions of the
preceding paragraph, the Company shall have the right to enter
into an agreement substantially in the form of Exhibit K hereto
with the Person that is the Holder of 100% of the Class B4
Certificates, provided that (i) such Person is also the Holder of
100% of the Class B5 Certificates, (ii) such Person shall have no
rights under such agreement until the date on which the Class
Certificate Principal Balance of the Class B5 Certificates has
been reduced to zero, and (iii) any rights of such Person under
such agreement shall terminate in the event that such Person
transfers, directly or indirectly, the Class B4 Certificates to
any other Person.
Section 3.09. Trustee to Cooperate; Release of Mortgage
Files. Upon the payment in full of any Mortgage Loan, the Company
will immediately notify the Trustee by a certification (which
certification shall include a statement to the effect that all
amounts received in connection with such payment which are
required to be credited to the Mortgage Loan Payment Record
pursuant to Section 3.02 have been so credited) of a Servicing
Officer and shall request delivery to it of the Mortgage File. If
a Buydown Mortgage Loan is the subject of a Principal Prepayment
in full during the related Buydown Period, the related Buydown
Funds will be applied or returned to the Person entitled thereto
in accordance with the terms of such Buydown Mortgage Loan. Upon
receipt of such certification and request in form satisfactory to
the Trustee, the Trustee shall promptly, but in any event within
five Business Days, release the related Mortgage File to the
Company; provided, that the Trustee shall not be responsible for
any delay in the release of a Mortgage File resulting from acts
beyond its control, including without limitation, acts of God,
strikes, lockouts, riots, acts of war or terrorism, epidemics,
nationalization, governmental regulations imposed after the fact,
fire, communication line failures, computer viruses, power
failures, earthquakes or other disasters. Upon any such payment
in full, the Company is authorized to execute, pursuant to the
authorization contained in Section 3.01, an instrument of
satisfaction regarding such Mortgage, which instrument of
satisfaction shall be recorded by the Company if required by
applicable law and be delivered to the Person entitled thereto,
it being understood and agreed that no expenses incurred in
connection with such instrument of satisfaction shall be
reimbursed from amounts at the time credited to the Mortgage Loan
Payment Record. From time to time and as appropriate for the
servicing or foreclosure of any Mortgage Loan (including, without
limitation, collection under any Primary Insurance Policy), the
Trustee shall, upon request of the Company and delivery to the
Trustee of a receipt signed by a Servicing Officer, release the
related Mortgage File to the Company and shall execute such
documents as shall be necessary to the prosecution of any such
proceedings. Such receipt shall obligate the Company to return
the Mortgage File to the Trustee when the need therefor by the
Company no longer exists unless the Mortgage Loan shall be
liquidated, in which case, upon receipt of a certificate of a
Servicing Officer similar to that hereinabove specified, the
receipt shall be released by the Trustee to the Company.
65
<PAGE>
Section 3.10. Servicing Compensation; Payment of Certain
Expenses by the Company. (a) As compensation for its activities
and obligations hereunder, the Company shall be entitled to
withhold and pay to itself out of each payment received by it on
account of interest on each Mortgage Loan (including the portion
of any Buydown Funds applied to the related Buydown Mortgage Loan
for the applicable period) an amount equal to the Servicing Fee.
The aggregate of the Servicing Fees payable to the Company on any
Distribution Date shall be reduced by the amount of any
Compensating Interest Payment for such Distribution Date.
Additional servicing compensation in the form of Prepayment
Interest Excess, assumption fees, modification fees, late payment
charges, interest income or gain with respect to amounts
deposited in the Certificate Account and invested by the Company
or otherwise shall be retained by the Company, subject to Section
3.10(b), if applicable. The Company shall be required to pay all
expenses incurred by it in connection with its activities
hereunder (including payment of Trustee fees and all other fees
and expenses not expressly stated hereunder to be for the account
of the Certificateholders) and shall not be entitled to
reimbursement therefor except as provided in Sections 3.01, 3.03,
3.04 and 3.08.
(b) The Company may, as a condition to granting any request
by a Mortgagor for any consent, modification, waiver or amendment
or any other matter or thing, the granting of which is in the
Company's discretion pursuant to the terms of the instruments
evidencing or securing the related Mortgage Loan and is permitted
by other sections of this Agreement, require (to the extent
permitted by applicable law) that such Mortgagor pay to it a
reasonable or customary fee in accordance with the schedule set
forth as Exhibit H (which may be amended from time to time by
provision of a revised schedule of such fees to the Trustee,
whereupon such revised schedule shall be deemed to be Exhibit H
hereunder) for the additional services performed in connection
with such request, together with any related costs and expenses
incurred by it. Such fees shall be additional servicing
compensation to the Company.
Section 3.11. Reports to the Trustee; Certificate Account
Statements. Not later than 15 days after each Distribution Date,
the Company shall forward to the Trustee a statement, certified
by a Servicing Officer, setting forth the status of the Mortgage
Loan Payment Record as of the close of business on such
Distribution Date and showing, for the period covered by such
statement, the aggregate of credits to the Mortgage Loan Payment
Record for each category of credit specified in Section 3.02 and
each category of debit specified in Section 3.04.
Section 3.12. Annual Statement as to Compliance. The
Company will deliver to the Trustee, on or before March 31 of
each year, beginning with March 31, 1999, an Officer's
Certificate stating that (a) a review of the activities of the
Company during the preceding calendar year and of its performance
under this Agreement has been made under such Officer's
supervision and (b) to the best of such Officer's knowledge,
based on such review, the Company has fulfilled all its material
obligations under this Agreement throughout such year, or, if
there has been a default in the fulfillment of any such
obligation, specifying each such default known to such Officer
and the nature and status thereof.
Section 3.13. Annual Independent Public Accountants'
Servicing Report. On or before March 31 of each year, beginning
with March 31, 1999, the Company shall:
66
<PAGE>
(a) furnish to a firm of independent public accountants
(which may also render other services to the Company) a statement
substantially to the effect that the Company has complied in all
material respects with the minimum servicing standards set forth
in the Uniform Single Attestation Program for Mortgage Bankers
(the "Minimum Servicing Standards") with respect to the mortgage
loans in the Company's servicing portfolio (which may exclude
home equity loans) or, if there has been material noncompliance
with such servicing standards, containing a description of such
noncompliance; and
(b) at its expense cause such firm of independent public
accountants to furnish a report to the Trustee stating its
opinion as to the Company's assertion contained in the statement
delivered pursuant to Section 3.13(a), which opinion shall be
based on an examination conducted by such firm in accordance with
the standards established by the American Institute of Certified
Public Accountants, including examining, on a test basis,
evidence about the Company's compliance with the Minimum
Servicing Standards. Such opinion shall be to the effect that the
Company has complied in all material respects with the Minimum
Servicing Standards with respect to the mortgage loan portfolio
described in the Company's statement delivered pursuant to
Section 3.13(a) hereof or if there has been material
noncompliance with the Minimum Servicing Standards, shall contain
a description of such noncompliance in accordance with applicable
accounting standards. In rendering such report, such firm may
rely, as to matters relating to direct servicing of Mortgage
Loans by any primary servicer, upon comparable reports of
independent public accountants with respect to such primary
servicer.
Section 3.14. Access to Certain Documentation and
Information Regarding the Mortgage Loans. To the extent permitted
by applicable law, the Company shall provide to the Trustee,
Certificateholders which are regulated insurance entities and the
applicable insurance regulatory agencies thereof,
Certificateholders which are federally insured savings and loan
associations, the Office of Thrift Supervision, the FDIC and the
supervisory agents and examiners thereof access to the
documentation regarding the Mortgage Loans required by applicable
regulations of the Office of Thrift Supervision or of such
insurance regulatory agencies, as the case may be, such access
being afforded without charge but only upon reasonable request
and during normal business hours at the offices of the Company.
Nothing in this Section 3.14 shall derogate from the obligation
of the Company to observe any applicable law prohibiting
disclosure of information regarding the Mortgagors and the
failure of the Company to provide access as provided in this
Section 3.14 as a result of such obligation shall not constitute
a breach of this Section 3.14.
Section 3.15. Maintenance of Certain Servicing Policies.
The Company shall during the term of its service as servicer
maintain in force (i) a policy or policies of insurance covering
errors and omissions in the performance of its obligations as
servicer hereunder and (ii) a fidelity bond in respect of its
officers, employees or agents. Each such policy or policies and
bond shall, together, comply with the requirements from time to
time of FNMA for persons performing servicing for mortgage loans
purchased by such association.
Section 3.16. Optional Purchase of Defaulted Mortgage
Loans. The Company shall have the right, but not the obligation,
to purchase any Defaulted Mortgage Loan for a price equal
67
<PAGE>
to the Purchase Price therefor. Any such purchase shall be
accomplished as provided in Section 4.04(a) hereof.
ARTICLE IV
PAYMENTS AND STATEMENTS
Section 4.01. Distributions. (a) On each Distribution Date,
the Trustee shall withdraw the Available Funds from the
Certificate Account and shall make distributions to Holders of
the Certificates as of the preceding Record Date in the following
order of priority, to the extent of the remaining Available
Funds:
(i) to the Classes of Senior Certificates (other
than any Class of Principal Only Certificates) the Accrued
Certificate Interest on each such Class for such
Distribution Date; provided that any shortfall in available
amounts shall be allocated among such Classes in proportion
to the amount of Accrued Certificate Interest that would
otherwise be distributable thereon; and provided further
that on each Distribution Date through the Accretion
Termination Date, all or a portion of such amounts with
respect to the Class A5 Certificates shall not be
distributed on such Certificates under this priority first
but shall instead be added to the Class Certificate
Principal Balance thereof and distributed to the extent
provided and, and in accordance with, Section 4.01(e);
(ii) to the Classes of Senior Certificates (other
than any Class of Principal Only Certificates), any Accrued
Certificate Interest thereon remaining undistributed (or
not added to the Class Certificate Principal Balance of the
Class A5 Certificates) from previous Distribution Dates, to
the extent of remaining Available Funds, any shortfall in
available amounts being allocated among such Classes in
proportion to the amount of such Accrued Certificate
Interest remaining undistributed (or not added to the Class
Certificate Principal Balance of the Class A5 Certificates)
for each such Class for such Distribution Date; provided
that on each Distribution Date through the Accretion
Termination Date all or a portion of such amounts with
respect to the Class A5 Certificates shall not be
distributed on such Class but shall instead be added to the
Class Certificate Principal Balance thereof and distributed
to the extent provided and, in accordance with, Section
4.01(e);
(iii) to the Classes of Senior Certificates (other
than the Class A9 Certificates), in reduction of the Class
Certificate Principal Balances thereof, concurrently, as
follows:
(A) to the Classes of Senior Certificates (other
than the Class A9 Certificates), the Senior Optimal
Principal Amount for such Distribution Date,
concurrently, as follows:
(1) to the Category A Senior Certificates,
the Category A Senior Optimal Principal Amount
for such Distribution Date, in the following
order of priority:
68
<PAGE>
a) to the Category A Group II Senior
Certificates, the Class A13
Principal Distribution Amount for
such Distribution Date, until the
Class Certificate Principal Balance
thereof has been reduced to zero;
and
b) to the Category A Group I Senior
Certificates, the Category A Senior
Optimal Principal Amount for such
Distribution Date, less the Class
A13 Principal Distribution Amount
for such Distribution Date in the
following order of priority:
1. concurrently, to the Class R and
Class RL Certificates, in
proportion to their Class
Certificate Principal Balances,
until the Class Certificate
Principal Balance thereof have
each been reduced to zero;
2. to the Class A10 Certificates,
until the Class Certificate
Principal Balance thereof has
been reduced to zero;
3. concurrently, to the Class A4C
Component and the Class A7 and
Class A11 Certificates, in
proportion to their Class
Certificate Principal Balances or
Component Principal Balance (as
applicable), until the Class
Certificate Principal Balances
and Component Principal Balance
thereof have each been reduced to
zero; and
4. to the Class A12 Certificates,
until the Class Certificate
Principal Balance thereof has
been reduced to zero; and
(2) to the Category B Senior Certificates,
the Category B Senior Optimal Principal Amount
for such Distribution Date, in the following
order of priority:
a) to the Category B Group II Senior
Certificates, the Category B Group
II Principal Distribution Amount for
such Distribution Date,
concurrently, as follows:
1. to the Class A8 Certificates,
53.1294474824% of the Category B
Group II Principal Distribution
Amount, until the Class
Certificate Principal Balance
thereof has been reduced to zero;
and
69
<PAGE>
2. to the Class A17, Class A18 and
Class A19 Certificates,
46.8705525176% of the Category B
Group II Principal Distribution
Amount, in the following order of
priority:
I. to the Class A17 Certificates,
until the Class Certificate
Principal Balance thereof has
been reduced to zero;
II. to the Class A18 Certificates,
until the Class Certificate
Principal Balance thereof has
been reduced to zero; and
III.to the Class A19 Certificates,
until the Class Certificate
Principal Balance thereof
has been reduced to
zero; and
b) to the Class A1, Class A2, Class A3,
Class A4 (in respect of the TAC
Component), Class A5 and Class A15
Certificates, the Category B Senior
Optimal Principal Amount for such
Distribution Date, less the Category
B Group II Principal Distribution
Amount for such Distribution Date in
the following order of priority,
until the aggregate of the Class
Certificate Principal Balances
and/or Component Principal Balance
(as applicable) of the Class A1,
Class A2, Class A3, Class A4 (in
respect of the TAC Component), Class
A5 and Class A15 Certificates has
been reduced to $33,000,000:
1. sequentially, to the Class A1,
Class A15 and Class A2
Certificates, in that order, up to
the respective amounts necessary
to reduce the Class Certificate
Principal Balance of each such
Class to its PAC Balance for such
Distribution Date;
2. concurrently, to the Class A3
Certificates and TAC Component, in
proportion to their Class
Certificate Principal Balance or
Component Principal Balance (as
applicable), up to the respective
amount necessary to reduce the
Class Certificate Principal
Balance of such Certificates and
Component Principal Balance of
such TAC Component to their
respective TAC Balances for such
Distribution Date;
70
<PAGE>
3. to the Class A5 Certificates,
until the Class Certificate
Principal Balance thereof has
been reduced to zero;
4. concurrently, to the Class A3
Certificates and TAC Component, in
proportion to their Class
Certificate Principal Balance or
Component Principal Balance (as
applicable), without regard to
their respective TAC Balances,
until the Class Certificate
Principal Balance of such
Certificates and Component
Principal Balance of such TAC
Component have each been reduced
to zero;
5. to the Class A1 Certificates,
without regard to their PAC
Balance, until the Class
Certificate Principal Balance
thereof has been reduced to zero;
6. to the Class A15 Certificates,
without regard to their PAC
Balance, until the Class
Certificate Principal Balance
thereof has been reduced to zero;
and
7. to the Class A2 Certificates,
without regard to their PAC
Balance, until the Class
Certificate Principal Balance
thereof has been reduced to zero;
and
c) to the Category B Group I Senior
Certificates, the Category B Senior
Optimal Principal Amount remaining
after distributions under clauses
(iii)(A)(2)(a) and (iii)(A)(2)(b) of
this Section, concurrently, as
follows:
1. to the Class A1, Class A2, Class
A3, Class A4 (in respect of the
TAC Component), Class A5 and Class
A15 Certificates, 74.3491308113%
of the amount referred to in
clause (iii)(A)(2)(c) of this
Section in the following order of
priority:
I. sequentially, to the Class A1,
Class A15 and Class A2
Certificates, in that order, up
to the respective amount
necessary to reduce the Class
Certificate Principal Balance
of each such Class to its PAC
Balance for such Distribution
Date;
II. concurrently, to the Class A3
Certificates and TAC Component,
in proportion to their Class
Certificate Principal Balance
or
71
<PAGE>
Component Principal Balance
(as applicable), up to the
respective amount necessary to
reduce the Class Certificate
Principal Balance of such
Certificates and Component
Principal Balance of such TAC
Component to their respective
TAC Balances for such
Distribution Date;
III.to the Class A5 Certificates,
until the Class Certificate
Principal Balance thereof has
been reduced to zero;
IV. concurrently, to the Class A3
Certificates and TAC
Component, in proportion to
their Class Certificate
Principal Balance or Component
Principal Balance (as
applicable), without regard to
their respective TAC Balances,
until the Class Certificate
Principal Balance of such
Certificates and Component
Principal Balance of such TAC
Component have each been
reduced to zero;
V. to the Class A1 Certificates,
without regard to their PAC
Balance, until the Class
Certificate Principal Balance
thereof has been reduced to
zero;
VI. to the Class A15 Certificates,
without regard to their PAC
Balance, until the Class
Certificate Principal Balance
thereof has been reduced to
zero; and
VII.to the Class A2 Certificates,
without regard to their PAC
Balance, until the Class
Certificate Principal Balance
thereof has been reduced to
zero; and
2. concurrently, to the Class A6 and
Class A16 Certificates, in
proportion to their Class
Certificate Principal Balances,
13.9686245767% of the amount
referred to in clause
(iii)(A)(2)(c) of this Section,
until the aggregate Class
Certificate Principal Balances
thereof have been reduced to $11,
539,552; and
3. concurrently, to the Class A14
Certificates and Class A4B
Component, in proportion to their
Class
72
<PAGE>
Certificate Principal Balance or
Component Principal Balance (as
applicable), 11.6822446120% of
the amount referred to in clause
(iii)(A)(2)(c) of this Section,
until the Class Certificate
Principal Balances of such
Certificates and Component
Principal Balance of such
Component have each been reduced
to zero; and
d) concurrently, to the Class A6 and
Class A16 Certificates, in
proportion to their Class
Certificate Principal Balances,
until the Class Certificate
Principal Balance of each such Class
has been reduced to zero; and
(B) to the Class PO Certificates, the PO
Principal Distribution Amount for such Distribution
Date, until the Class Certificate Principal Balance
thereof has been reduced to zero; and
(iv) to the Class PO Certificates, any Class PO
Deferred Amount for such Distribution Date, up to an amount
not to exceed the Junior Optimal Principal Amount for such
Distribution Date, until the Class Certificate Principal
Balance of such Class has been reduced to zero; provided,
that any such amounts distributed to the Class PO
Certificates pursuant to this clause (iv) shall not reduce
the Class Certificate Principal Balance thereof;
(v) to the Class M Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(vi) to the Class M Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(vii) to the Class M Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount on such Distribution Date;
(viii) to the Class B1 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(ix) to the Class B1 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(x) to the Class B1 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount on such Distribution Date;
(xi) to the Class B2 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
73
<PAGE>
(xii) to the Class B2 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xiii) to the Class B2 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount on such Distribution Date;
(xiv) to the Class B3 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xv) to the Class B3 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xvi) to the Class B3 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount on such Distribution Date;
(xvii) to the Class B4 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xviii) to the Class B4 Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution
Date;
(xix) to the Class B4 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount on such Distribution Date;
(xx) to the Class B5 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xxi) to the Class B5 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date; and
(xxii) to the Class B5 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount on such Distribution Date.
Notwithstanding the foregoing, amounts otherwise distributable
pursuant to clauses (vii), (x), (xiii), (xvi), (xix) and (xxii)
on any Distribution Date shall be reduced, in inverse order of
priority, by any amount distributed pursuant to clause (iv) on
such date, such that such amount distributed pursuant to clause
(iv) on such date shall be applied first to reduce the amount
distributable pursuant to clause (xxii), and then, to the extent
of any excess, applied second, to reduce the amount distributable
pursuant to clause (xix), third, to reduce the amount
distributable pursuant to clause (xvi), fourth, to reduce the
amount distributable pursuant to clause (xiii), fifth, to reduce
the amount distributable pursuant to clause (x) and sixth, to
reduce the amount distributable pursuant to clause (vii).
74
<PAGE>
(b) On each Distribution Date, the Trustee shall distribute
to the holder of the Class R Certificate any remaining amounts in
the Upper Tier REMIC for such Distribution Date after application
of all amounts described in clause (a) of this Section 4.01,
together with any Unanticipated Recoveries received by the
Company in the calendar month preceding the month of such
Distribution Date and not distributed on such Distribution Date
to the holders of outstanding Certificates of any other Class
pursuant to Section 4.01(e). Any distributions pursuant to this
clause (b) shall not reduce the Class Certificate Principal
Balance of the Class R Certificate.
(c) If on any Distribution Date the Class Certificate
Principal Balances of the Junior Certificates have each been
reduced to zero, the amount distributable to the Senior
Certificates other than the Class PO Certificates pursuant to
Section 4.01(a)(iii) for such Distribution Date and each
succeeding Distribution Date shall be allocated among such
Classes of Senior Certificates, pro rata, on the basis of their
respective Class Certificate Principal Balances immediately prior
to such Distribution Date, regardless of the priorities and
amounts set forth in Section 4.01(a)(iii).
(d) If on any Distribution Date (i) the Class Certificate
Principal Balance of the Class M Certificates or any Class of
Class B Certificates for which the related Prepayment
Distribution Trigger was satisfied on such Distribution Date is
reduced to zero and (ii) amounts distributable pursuant to
clauses (ii), (iv) and (v) of the Junior Optimal Principal Amount
remain undistributed on such Distribution Date after all amounts
otherwise distributable on such date pursuant to clauses (iv)
through (xxii) of Section 4.01(a) have been distributed, such
amounts shall be distributed on such Distribution Date to the
remaining Classes of Junior Certificates in order of priority,
such that no such distribution shall be made to any Class of
Junior Certificates while a prior such Class is outstanding.
(e) On each Distribution Date through the Accretion
Termination Date, all or a portion of the amounts allocable to
the Class A5 Certificates pursuant to clauses (a)(i) and (a)(ii)
of this Section 4.01 shall not be distributable to the Class A5
Certificates pursuant to such clauses but shall instead be (i)
added to the Class Certificate Principal Balance thereof to the
extent of the Accrual Amount for such Distribution Date, and (ii)
distributed to the following Classes of Certificates, before any
distributions are made pursuant to Section 4.01(a)(iii), in the
following order of priority:
first, concurrently, to the Class A3 Certificates and
to the TAC Component, in proportion to and in reduction of
the Class Certificate Principal Balance of such
Certificates and the Component Principal Balance of such
Component, up to the respective amounts necessary to reduce
such Class Certificate Principal Balance and such Component
Principal Balance to their respective TAC Balances, and
second, to the Class A5 Certificates, as Accrued
Certificate Interest thereon.
On each Distribution Date occurring after the Accretion
Termination Date, amounts allocable to the Class A5 Certificates
pursuant to clauses (a)(i) and (a)(ii) of this Section 4.01
75
<PAGE>
shall be distributable on such Distribution Date pursuant to such
clauses to Holders of the Class A5 Certificates as Accrued
Certificate Interest.
(f) In the event that in any calendar month the Company
recovers an amount (an "Unanticipated Recovery") in respect of
principal of a Mortgage Loan which had previously been allocated
as a Realized Loss to any Class of Certificates pursuant to
Section 4.03, on the Distribution Date in the next succeeding
calendar month the Trustee shall withdraw from the Certificate
Account and distribute to the holders of each outstanding Class
to which such Realized Loss had previously been allocated its
share (determined as described in the succeeding paragraph) of
such Unanticipated Recovery in an amount not to exceed the amount
of such Realized Loss previously allocated to such Class. When
the Class Certificate Principal Balance of a Class of
Certificates has been reduced to zero, the holders of such Class
shall not be entitled to any share of an Unanticipated Recovery,
and such Unanticipated Recovery shall be allocated among all
outstanding Classes of Certificates entitled thereto in
accordance with the preceding sentence, subject to the remainder
of this subsection (e). In the event that (i) any Unanticipated
Recovery remains undistributed in accordance with the preceding
sentence or (ii) the amount of an Unanticipated Recovery exceeds
the amount of the Realized Loss previously allocated to any
outstanding Classes with respect to the related Mortgage Loan, on
the applicable Distribution Date the Trustee shall distribute to
the holders of all outstanding Classes of the related
Certificates to which Realized Losses had previously been
allocated and not reimbursed their pro rata share (determined as
described below) of such excess in an amount not to exceed the
aggregate amount of any Realized Loss previously allocated to
such Class with respect to any other Mortgage Loan that has not
been recovered in accordance with Section 4.01(e). Any
distributions made pursuant to this Section 4.01(e) shall not
reduce the Class Certificate Principal Balance of the related
Certificate.
For purposes of the preceding paragraph, the share of
an Unanticipated Recovery allocable to any Class of Certificates
with respect to a Mortgage Loan shall be (i) with respect to the
Class PO Certificates, based on the applicable PO Percentage of
the principal portion of the Realized Loss previously allocated
thereto with respect to such Mortgage Loan (or all Mortgage Loans
for purposes of the next to last sentence of the preceding
paragraph), and (ii) with respect to any other Class of
Certificates, based on its pro rata share (in proportion to the
Class Certificate Principal Balances thereof with respect to such
Distribution Date) of the applicable Non-PO Percentage of the
principal portion of any such Realized Loss previously allocated
with respect to such Mortgage Loan (or Loans); provided, however,
that (i) the share of an Unanticipated Recovery allocable to a
Class PO Certificate with respect to any Mortgage Loan (or Loans)
shall be reduced by the aggregate amount previously distributed
to such Class on account of the applicable Class PO Deferred
Amount in respect of such Mortgage Loan (or Loans) and (ii) the
amount by which the distributions to the Class PO Certificates
have been so reduced shall be distributed to the Classes of
Certificates described in clause (ii) of the preceding paragraph
in the same proportion as described in such clause (ii). For
purposes of the preceding sentence, any Class PO Deferred Amount
distributed to a Class PO Certificate on previous Distribution
Dates shall be deemed to have been allocated in respect of the
Mortgage Loans as to which the applicable PO Percentage of the
principal portion of Realized Losses has previously been
allocated to such Class on a pro rata basis (based on the amount
of Realized Losses so allocated).
76
<PAGE>
Section 4.02. Method of Distribution. (a) All distributions
with respect to each Class of Certificates on each Distribution
Date shall be made pro rata among the outstanding Certificates of
such Class, based on the Percentage Interest in such Class
represented by each Certificate. Payments to the
Certificateholders on each Distribution Date will be made by the
Trustee to the Certificateholders of record on the related Record
Date (other than as provided in Section 9.01 respecting the final
distribution) by check or money order mailed to a
Certificateholder at the address appearing in the Certificate
Register, or upon written request by such Certificateholder to
the Trustee made not later than the applicable Record Date, by
wire transfer to a U.S. depository institution acceptable to the
Trustee, or by such other means of payment as such
Certificateholder and the Trustee shall agree.
(b) Each distribution with respect to a Book-Entry
Certificate shall be paid to the Depository, which shall credit
the amount of such distribution to the accounts of its Depository
Participants in accordance with its normal procedures. Each
Depository Participant shall be responsible for disbursing such
distribution to the Certificate Owners that it represents and to
each Financial Intermediary for which it acts as agent. Each
Financial Intermediary shall be responsible for disbursing funds
to the Certificate Owners that it represents. All such credits
and disbursements with respect to a Book-Entry Certificate are to
be made by the Depository and the Depository Participants in
accordance with the provisions of the applicable Certificates.
Neither the Trustee nor the Company shall have any responsibility
therefor except as otherwise provided by applicable law.
(c) The Trustee shall withhold or cause to be withheld such
amounts as it reasonably determines are required by the Code
(giving full effect to any exemptions from withholding and
related certifications required to be furnished by
Certificateholders or Certificate Owners and any reductions to
withholding by virtue of any bilateral tax treaties and any
applicable certification required to be furnished by
Certificateholders or Certificate Owners with respect thereto)
from distributions to be made to Non-U.S. Persons. If the Trustee
reasonably determines that a more accurate determination of the
amount required to be withheld for a distribution can be made
within a reasonable period after the scheduled date for such
distribution, it may hold such distribution in trust for a holder
of a Residual Certificate until such determination can be made.
For the purposes of this paragraph, a "Non-U.S. Person" is (i) an
individual other than a citizen or resident of the United States,
(ii) a partnership, corporation or entity treated as a
partnership or corporation for U.S. federal income tax purposes
not formed under the laws of the United States, any state thereof
or the District of Columbia (unless, in the case of a
partnership, Treasury regulations provide otherwise), (iii) any
estate, the income of which is not subject to U.S. federal income
taxation, regardless of source, and (iv) any trust, other than a
trust that a court within the United States is able to exercise
primary supervision over the administration of the trust and one
or more U.S. Persons have the authority to control all
substantial decisions of the trust.
Section 4.03. Allocation of Losses. (a) On or prior to each
Determination Date, the Company shall determine the amount of any
Realized Loss in respect of each Mortgage Loan that occurred
during the immediately preceding calendar month.
(b) With respect to any Distribution Date, the principal
portion of each Realized Loss (other than any Excess Loss) shall
be allocated as follows:
77
<PAGE>
(i) the applicable PO Percentage of the principal
portion of any such Realized Loss shall be allocated to the
Class PO Certificates until the Class Certificate Principal
Balance thereof has been reduced to zero; and
(ii) the applicable Non-PO Percentage of the
principal portion of any such Realized Loss shall be
allocated in the following order of priority:
first, to the Class B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
second, to the Class B4 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
third, to the Class B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fourth, to the Class B2 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fifth, to the Class B1 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
sixth, to the Class M Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; and
seventh, to the Classes of Senior Certificates
other than the Class PO Certificates, pro rata, in
accordance with their Class Certificate Principal
Balances; provided, that any such loss allocated to
any Class of Accrual Certificates (and any Accrual
Component) shall be allocated (subject to Section
4.03(d)) on the basis of the lesser of (x) the Class
Certificate Principal Balance (or Component Principal
Balance) thereof immediately prior to the applicable
Distribution Date and (y) the Class Certificate
Principal Balance (or Component Principal Balance)
thereof on the Closing Date (as reduced by any
Realized Losses previously allocated thereto).
(c) With respect to any Distribution Date, the principal
portion of any Excess Loss (other than Excess Bankruptcy Losses
attributable to Debt Service Reductions) shall be allocated as
follows: (1) the PO Percentage of any such loss shall be
allocated to the Class PO Certificates, and (2) the Non-PO
Percentage of any such loss shall be allocated to each Class of
Certificates other than the Class PO Certificates, pro rata,
based on the respective Class Certificate Principal Balances
thereof; provided, that any such loss allocated to any Class of
Accrual Certificates (and any Accrual Component) shall be
allocated (subject to Section 4.03(d)) on the basis of the lesser
of (x) the Class Certificate Principal Balance (or Component
Principal Balance) thereof immediately prior to the applicable
Distribution Date and (y) the Class Certificate Principal Balance
(or Component Principal Balance) thereof on the Closing Date (as
reduced by any Realized Losses previously allocated thereto).
78
<PAGE>
(d) Any Realized Losses allocated to a Class of Certificates
pursuant to Section 4.03(b) or (c) shall be allocated among the
Certificates of such Class in proportion to their respective
Certificate Principal Balances. In addition, any Realized Losses
allocated to any Class of Component Certificates on a
Distribution Date shall be allocated in reduction of the
Component Principal Balances of the related Components (other
than any Notional Component) in proportion to their respective
Component Principal Balances immediately prior to such
Distribution Date. Any allocation of Realized Losses pursuant to
this paragraph (d) shall be accomplished by reducing the
Certificate Principal Balance (or, in the case of any Component,
the Component Principal Balance) of the related Certificates (or
Components) on the related Distribution Date in accordance with
Section 4.03(e).
(e) Realized Losses allocated in accordance with this
Section 4.03 shall be allocated on the Distribution Date in the
month following the month in which such loss was incurred and, in
the case of the principal portion thereof, after giving effect to
distributions made on such Distribution Date, except that the
aggregate amount of Realized Losses to be allocated to the Class
PO Certificates on such Distribution Date will be taken into
account in determining distributions in respect of any Class PO
Deferred Amount for such date.
(f) On each Distribution Date, the Company shall determine
the Subordinate Certificate Writedown Amount, if any. Any such
Subordinate Certificate Writedown Amount shall effect a
corresponding reduction in the Certificate Principal Balance of
the Subordinate Certificates, which reduction shall occur on such
Distribution Date after giving effect to distributions made on
such Distribution Date.
(g) Notwithstanding the foregoing, no such allocation of any
Realized Loss shall be made on a Distribution Date to a Class of
Certificates to the extent that such allocation would result in
the reduction of the aggregate Certificate Principal Balances of
all the Certificates as of such Distribution Date, after giving
effect to all distributions and prior allocations of Realized
Losses on such date, to an amount less than the aggregate
Scheduled Principal Balance of the Mortgage Loans as of the first
day of the month of such Distribution Date, less any Deficient
Valuations occurring on or prior to the Bankruptcy Coverage
Termination Date (such limitation, the "Loss Allocation
Limitation").
(h) Any allocation of a Realized Loss to a Class of
Certificates (or Component), or of any Subordinate Certificate
Writedown Amount to a Class of Subordinate Certificates, pursuant
to this Section 4.03 shall effect a corresponding allocation
thereof to the corresponding Class of Lower Tier Interests and,
in the case of the principal portion of any such Realized Loss
and any such Subordinate Certificate Writedown Amount, a
corresponding reduction in the related Lower Tier Balance
thereof.
Section 4.04. Monthly Advances; Purchases of Defaulted
Mortgage Loans. (a) The Company shall be required to make Monthly
Advances in the manner and to the extent provided herein. Prior
to the close of business on each Determination Date, the Company
shall determine (i) the amount of the Monthly Advance which it is
required to make on the related Distribution Date and (ii)
whether it has elected to purchase any Defaulted Mortgage Loan or
Loans on such Distribution Date. If the Company so elects to
purchase any Defaulted Mortgage Loans (or is
79
<PAGE>
required to purchase any Mortgage Loan pursuant to Section 2.02
or 2.03(a)), no Monthly Advance shall be required with respect
thereto for the month in which such purchase occurs. The Company
shall include information as to each of such determinations in
the Servicer's Certificate furnished by it to the Trustee in
accordance with Section 4.06 and shall be obligated to transfer
to the Certificate Account pursuant to Section 3.02(d) on or
before 11:00 a.m. New York time on the Business Day next
preceding the following Distribution Date in next-day funds the
respective amounts applicable to such determinations appearing in
such Servicer's Certificate. Upon receipt by the Trustee of
written notification signed by a Servicing Officer of any such
deposit relating to the purchase by the Company of such a
Mortgage Loan, the Trustee shall release to the Company the
related Mortgage File and shall execute and deliver such
instruments of transfer or assignment, in each case without
recourse, as shall be necessary to vest in the Company any
Mortgage Loan released pursuant hereto.
(b) In the event that the Company transfers or expects to
transfer less than the Available Funds required to be deposited
by it pursuant to Section 3.02(d), the Company shall so notify
the Trustee no later than 9:00 a.m. on the Business Day preceding
the related Distribution Date, and the amount so transferred, if
any, shall be deemed to have been transferred first pursuant to
clause (i) of the definition of Available Funds, second pursuant
to clause (iii) of the definition of Available Funds, and third
pursuant to clause (ii) of the definition of Available Funds.
Such notice shall specify each Mortgage Loan delinquent as of the
preceding Determination Date. In such event, the Trustee shall
make any Monthly Advance required to be made hereunder, in the
manner and to the extent required; provided, the Trustee shall
not be so obligated if prohibited by applicable law.
(c) In the event that the Company is succeeded hereunder as
servicer, the obligation to make Monthly Advances in the manner
and to the extent required by Section 4.04(a) shall be assumed by
the successor servicer (subject to Section 7.02).
Section 4.05. Statements to Certificateholders. Each month,
at least two Business Days prior to each Distribution Date, the
Company shall deliver to the Trustee for mailing to each
Certificateholder, and the Trustee shall mail to each
Certificateholder on such Distribution Date, a statement (each, a
"Distribution Date Statement") substantially in the form of
Exhibit J hereto, setting forth:
(i) The amount of such distribution to the
Certificateholders of each Class (and in respect of any
Component), other than any Notional Certificates (and any
Notional Component), allocable to principal, separately
identifying the aggregate amount of any Principal
Prepayments included therein (including, for this purpose,
the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03(b) or 3.16, respectively, and any
amounts deposited pursuant to Section 2.03(b) in connection
with the substitution of any Mortgage Loans pursuant to
Section 2.02 or 2.03(a), the proceeds of which purchases or
substitutions are being distributed on such Distribution
Date);
(ii) The amount of such distribution to the
Certificateholders of each Class (other than any Class of
Principal Only
82
<PAGE>
Accrual Amount added to the Class Certificate Principal
Balance or Component Principal Balance of any Class of
Accrual Certificates or any Accrual Components;
(iii) The amount of servicing compensation paid to
the Company during the month preceding the month of
distribution in respect of the Mortgage Loans and such
other customary information as the Company deems necessary
or desirable to enable Certificateholders to prepare their
tax returns;
(iv) The Pool Scheduled Principal Balance and the
aggregate number of the Mortgage Loans on the preceding Due
Date after giving effect to all distributions allocable to
principal made on such Distribution Date;
(v) The Class Certificate Principal Balance (or
Notional Principal Balance) of each Class, the Component
Principal Balance of each Component and the Certificate
Principal Balance (or Notional Principal Balance) of a
Single Certificate of each Class after giving effect to (i)
all distributions allocable to principal (or reductions in
the Notional Principal Balance, in the case of the Notional
Certificates, or the addition of any Accrual Amount, in the
case of any Class of Accrual Certificates) made on such
Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Certificate Writedown Amount for
such Distribution Date;
(vi) The Pay-out Rate applicable to each Class of
Certificates;
(vii) The book value and unpaid principal balance of
any real estate acquired on behalf of Certificateholders
through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan, and the
number of the related Mortgage Loans;
(viii) The aggregate Scheduled Principal Balances
and number of Mortgage Loans which, as of the close of
business on the last day of the month preceding the related
Distribution Date, were (a) delinquent as to a total of (x)
30-59 days, (y) 60-89 days and (z) 90 days or more, and (b)
in foreclosure;
(ix) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b) ;
(x) The Certificate Interest Rates of any LIBOR
Certificates and any COFI Certificates applicable to the
Interest Accrual Period relating to such Distribution Date
and such Class;
(xi) The Senior Percentage, Class A13 Percentage,
the Category B Group II Percentage, the Class A13 Scheduled
Distribution Percentage, the Category B Group II Scheduled
Distribution Percentage and Junior Percentage for such
Distribution Date;
(xii) The Senior Prepayment Percentage, the Group II
Prepayment Distribution Percentage and the Junior Prepayment
Percentage for such Distribution Date; and
82
<PAGE>
(xiii) The amount of such distribution to the
Certificateholders of each Class allocable to Unanticipated
Recoveries.
In the case of information furnished pursuant to
clauses (i) through (iii) above, the amounts shall be expressed
as a dollar amount per Single Certificate.
In connection with any proposed transfer of a
Certificate that is purported to be made in reliance on Rule 144A
under the Securities Act, the Company shall be responsible for
furnishing such information as may be required thereunder to a
proposed transferee. In furtherance of the Company's obligations
hereunder, the Company hereby instructs the Trustee, at the
Company's expense and on its behalf, and the Trustee agrees, to
promptly make available to the proposed transferee, upon request
of the holder, (i) all statements furnished to Certificateholders
pursuant to this Section 4.05(a) on previous Distribution Dates,
(ii) all certificates furnished to the Trustee pursuant to
Section 4.06 in prior months, (iii) Officer's Certificates
furnished to the Trustee pursuant to Section 3.12 for the two
years preceding such request, (iv) reports of independent
accountants furnished to the Trustee pursuant to Section 3.13 for
the two years preceding such request, (v) a copy of the Private
Placement Memorandum relating to such Certificate, together with
any amendments or supplements thereto issued by the Company
(which copy shall be furnished to the Trustee by the Company),
and (vi) the Company's Current Report on Form 8-K, dated the
Closing Date, relating to the Mortgage Loans; provided, however,
that the Trustee shall in no event be required to make available
such statements or certificates pursuant to clauses (i) and (ii)
above relating to Distribution Dates occurring more than
twenty-four months preceding the month in which such request was
received; provided, further, however, that notwithstanding the
Trustee's agreement as aforesaid to provide such materials to a
proposed transferee, the Trustee does not assume, and shall not
thereby be deemed to have assumed, any responsibility for
compliance by the Company with Rule 144A (subject to the
Trustee's agreement set forth in the second sentence of this
paragraph) and shall be entitled to include a notice with such
statements or certificates to the effect that such materials have
not been prepared or assembled by the Trustee and that the
Trustee assumes no responsibility for the adequacy, sufficiency
or contents thereof. In connection with any such proposed
transfer, the Company shall make available to the proposed
holder, at the request of the related transferor, such additional
information, if any, as may be required to be delivered pursuant
to Rule 144A(d)(4).
Section 4.06. Servicer's Certificate. Each month, not later
than the second Business Day next preceding each Distribution
Date, the Company shall deliver to the Trustee a completed
Servicer's Certificate.
Section 4.07. Reports of Foreclosures and Abandonments of
Mortgaged Property. The Trustee (or the Company on behalf of the
Trustee) shall, in each year beginning after 1998, make the
reports of foreclosures and abandonments of any Mortgaged
Property as required by section 6050J of the Code. In order to
facilitate this reporting process, the Company, on or before
January 15th of each year, shall provide to the Trustee reports
relating to each instance occurring during the previous calendar
year in which the Company (i) on behalf of the Trustee acquires
an interest in a Mortgaged Property through foreclosure or other
comparable conversion in full or partial satisfaction of a
Mortgage Loan, or (ii) knows or has reason to know that a
Mortgaged
82
<PAGE>
Property has been abandoned. Reports from the Company shall be in
form and substance sufficient to meet the reporting requirements
imposed by section 6050J of the Code.
Section 4.08. Reduction of Base Servicing Fees by
Compensating Interest Payments. The aggregate amount of the Base
Servicing Fees subject to retention by the Company as servicer in
respect of any Distribution Date shall be reduced by the amount
of any Compensating Interest Payment for such Distribution Date.
Section 4.09. Surety Bond. (a) If a Required Surety Payment
is payable pursuant to the Surety Bond with respect to any
Pledged Asset Mortgage Loan, the Company shall so notify the
Trustee as soon as reasonably practicable and shall, on behalf of
the Trustee for the benefit of the Certificateholders, promptly
complete the notice in the form of Attachment 1 to the Surety
Bond and shall promptly submit such notice to the Surety as a
claim for a Required Surety Payment.
(b) Upon receipt of a Required Surety Payment from the
Surety on behalf of the Certificateholders, the Company shall
promptly credit the Mortgage Loan Payment Record and shall
distribute such Required Surety Payment, or the proceeds thereof,
in accordance with the provisions of Section 4.01.
ARTICLE V
THE CERTIFICATES
Section 5.01. The Certificates. (a) The Certificates shall
be substantially in the forms set forth in Exhibit A hereto, as
applicable, and shall, on original issue, be executed by the
Trustee, not in its individual capacity but solely as Trustee,
and countersigned and delivered by the Trustee to or upon the
order of the Company as provided in Article II.
(b) The Certificates shall be issued in an aggregate Initial
Certificate Principal Balance of $751,628,249.39. Such aggregate
original principal balance shall be divided among the Classes
having the designations, Class Certificate Principal Balances,
Certificate Interest Rates and minimum denominations as follows:
83
<PAGE>
Initial Class
Certificate Certificate
Principal Interest Minimum
Designation Balance Rate Denominations
- ----------- ------- ---- -------------
Class A1 $48,871,886.00 6.500% $ 25,000.00
Class A2 54,638,720.00 6.500 25,000.00
Class A3 203,020,714.00 7.000 25,000.00
Class A4 7,889,139.00 0.000 25,000.00
Class A5 18,949,394.00 6.750 25,000.00
Class A6 14,087,291.00 (2) 25,000.00
Class A7 4,986,000.00 7.000 1,000.00
Class A8 51,175,000.00 6.750 25,000.00
Class A9 (1) 6.750 1,000,000.00
Class A10 164,000,383.00 6.750 25,000.00
Class A11 20,252,000.00 6.750 1,000.00
Class A12 22,880,000.00 6.750 1,000.00
Class A13 23,196,750.00 6.750 25,000.00
Class A14 5,000,000.00 7.000 1,000.00
Class A15 33,000,000.00 6.500 25,000.00
Class A16 3,652,261.00 (2) 25,000.00
Class A17 22,394,100.00 6.750 25,000.00
Class A18 9,880,000.00 6.750 25,000.00
Class A19 12,872,248.00 6.750 25,000.00
Class PO 817,032.50 0.000 200,000.00
Class M 13,905,000.00 6.750 100,000.00
Class B1 6,013,000.00 6.750 100,000.00
Class B2 3,382,000.00 6.750 100,000.00
Class B3 3,007,000.00 6.750 250,000.00
Class B4 1,503,000.00 6.750 250,000.00
Class B5 2,255,130.89 6.750 250,000.00
Class R 100.00 6.750 100.00
Class RL 100.00 6.750 100.00
- ---------------------
(1) The Class A9 Certificates are issued with an initial Notional
Principal Balance of $5,055,948.00.
(2) The Certificate Interest Rates of the Class A6 and Class A16
Certificates for each Interest Accrual Period shall be determined
as provided in Section 5.01(e).
(c) The Certificates shall be issuable in registered form
only. The Book-Entry Certificates will be evidenced by one or
more certificates, beneficial ownership of which will be held in
the minimum dollar denominations in Certificate Principal Balance
or Notional Principal Balance, as applicable, specified in
Section 5.01(b), and integral multiples of $1,000 in excess
thereof. The Non-Book-Entry Certificates other than each Class of
the Residual Certificates
84
<PAGE>
shall each be issued in the minimum dollar denominations in
Certificate Principal Balance or Notional Principal Balance, as
applicable, specified in Section 5.01(b), and integral multiples
of $1,000 in excess thereof (and, if necessary, in the amount of
the remaining Class Certificate Principal Balance or Notional
Principal Balance, as applicable, of each Class, in the case of
one Certificate of such Class). Each Class of the Residual
Certificates shall be issued as a single certificate evidencing
the entire Class Certificate Principal Balance of such Class and
having a Percentage Interest of 100%. If necessary, one
Certificate of each Class of Book-Entry Certificates may evidence
an additional amount equal to the remainder of the Class
Certificate Principal Balance (or Notional Principal Balance) of
such Class.
(d) The Certificates shall be executed by manual or
facsimile signature on behalf of the Trustee by an authorized
officer under its seal, which may be in facsimile form and be
imprinted or otherwise reproduced thereon. Certificates bearing
the manual or facsimile signatures of individuals who were, at
the time when such signatures were affixed, authorized to sign on
behalf of the Trustee shall bind the Trustee, notwithstanding
that such individuals or any of them have ceased to be so
authorized prior to the authentication and delivery of such
Certificates or did not hold such offices at the date of such
Certificate. No Certificate shall be entitled to any benefit
under this Agreement, or be valid for any purpose, unless such
Certificate shall have been manually countersigned by the Trustee
substantially in the forms set forth in Exhibit A hereto, and
such countersignature upon any Certificate shall be conclusive
evidence, and the only evidence, that such Certificate has been
duly executed and delivered hereunder. All Certificates issued on
the Closing Date shall be dated the Closing Date; all
Certificates issued thereafter shall be dated the date of their
countersignature.
(e) During the first Interest Accrual Period, the
Certificate Interest Rate of the Class A6 Certificates shall be
6.60625% per annum. For each subsequent Interest Accrual Period,
the Certificate Interest Rate of the Class A6 Certificates shall
be a per annum rate equal to the lesser of (i) 0.95% plus LIBOR
and (ii) 8.50%, subject to a minimum rate of 0.95%.
During the first Interest Accrual Period, the
Certificate Interest Rate of the Class A16 Certificates shall be
7.30446429% per annum. For each subsequent Interest Accrual
Period, the Certificate Interest Rate of the Class A16
Certificates shall be a per annum rate equal to the lesser of (i)
29.121428571% minus the product of 3.857142857% and LIBOR, and
(ii) 29.121428571%, subject to a minimum rate of 0.0%.
Section 5.02. Registration of Transfer and Exchange of
Certificates. (a) The Trustee shall cause to be kept at an office
or agency in the city in which the Corporate Trust Office of the
Trustee is located or in the City of New York, New York a
Certificate Register in which, subject to such reasonable
regulations as it may prescribe, the Trustee shall provide for
the registration of Certificates and of transfers and exchanges
of Certificates as herein provided. The Trustee shall initially
serve as Certificate Registrar for the purpose of registering
Certificates and transfers and exchanges of Certificates as
herein provided.
Subject to Sections 5.02(b) and 5.02(c), upon
surrender for registration of transfer of any Certificate at the
Corporate Trust Office, the Trustee shall execute, authenticate
and
85
<PAGE>
deliver, in the name of the designated transferee or transferees,
one or more new Certificates of the same Class in authorized
denominations of a like Percentage Interest.
At the option of a Certificateholder, Certificates may
be exchanged for other Certificates of authorized denominations
of a like Class and Percentage Interest, upon surrender of the
Certificates to be exchanged at any such office or agency.
Whenever any Certificates are so surrendered for exchange the
Trustee shall execute, countersign and deliver the Certificates
which the Certificateholder making the exchange is entitled to
receive. Every Certificate presented or surrendered for
registration of transfer or exchange shall be accompanied by a
written instrument of transfer in form satisfactory to the
Trustee and the Certificate Registrar duly executed by the Holder
thereof or his attorney duly authorized in writing.
No service charge shall be made for any registration
of transfer or exchange of Certificates, but the Trustee may
require payment of a sum sufficient to cover any tax or
governmental charge that may be imposed in connection with any
transfer or exchange of Certificates.
All Certificates surrendered for registration of
transfer and exchange shall be canceled and subsequently
destroyed by the Trustee and a certificate of destruction shall
be delivered by the Trustee to the Company.
(b) No legal or beneficial interest in all or any portion of
the Residual Certificates may be transferred directly or
indirectly to (i) a Disqualified Organization or an agent of a
Disqualified Organization (including a broker, nominee, or
middleman), (ii) an entity that holds REMIC residual securities
as nominee to facilitate the clearance and settlement of such
securities through electronic book-entry changes in accounts of
participating organizations (a "Book-Entry Nominee"), or (iii) an
individual, corporation, partnership or other person unless such
transferee (A) is not a Non-U.S. Person or (B) is a Non-U.S.
Person that holds a Residual Certificate in connection with the
conduct of a trade or business within the United States and has
furnished the transferor and the Trustee with an effective
Internal Revenue Service Form 4224 or (C) is a Non- U.S. Person
that has delivered to both the transferor and the Trustee an
opinion of a nationally recognized tax counsel to the effect that
the transfer of a Residual Certificate to it is in accordance
with the requirements of the Code and the regulations promulgated
thereunder and that such transfer of a Residual Certificate will
not be disregarded for federal income tax purposes (any such
person who is not covered by clause (A), (B) or (C) above being
referred to herein as a "Non-permitted Foreign Holder"), and any
such purported transfer shall be void and have no effect. The
Trustee shall not execute, and shall not authenticate and
deliver, a Residual Certificate in connection with any transfer
thereof unless the transferor shall have provided to the Trustee
an affidavit, substantially in the form attached as Exhibit F
hereto, signed by the transferee, to the effect that the
transferee is not such a Disqualified Organization, an agent
(including a broker, nominee, or middleman) for any entity as to
which the transferee has not received a substantially similar
affidavit, a Book-Entry Nominee or a Non-permitted Foreign
Holder, which affidavit shall contain the consent of the
transferee to any such amendments of this Agreement as may be
required to further effectuate the foregoing restrictions on
transfer of the Residual Certificates to Disqualified
Organizations, Book-Entry Nominees or Non-permitted Foreign
Holders, and an agreement by the Transferee that it will not
transfer a Residual
86
<PAGE>
Certificate without providing to the Trustee an affidavit
substantially in the form attached as Exhibit F hereto and a
letter substantially in the form attached as Exhibit G hereto.
Such affidavit shall also contain the statement of the transferee
that (i) it does not have the intention to impede the assessment
or collection of any federal, state or local taxes legally
required to be paid with respect to the Residual Certificates and
(ii) it understands that it may incur tax liabilities in excess
of cash flows generated by a Residual Certificate and that it
intends to pay taxes associated with holding a Residual
Certificate as they become due.
The affidavit described in the preceding paragraph, if
not executed in connection with the initial issuance of the
Residual Certificates, shall be accompanied by a written
statement in the form attached as Exhibit G hereto, signed by the
transferor, to the effect that as of the time of the transfer,
the transferor has (i) no actual knowledge that the transferee is
a Disqualified Organization, Book-Entry Nominee or Non-permitted
Foreign Holder, (ii) no reason to believe that the transferee has
the intention to impede the assessment or collection of any
federal, state or local taxes legally required to be paid with
respect to a Residual Certificate, and (iii) conducted a
reasonable investigation and found that the transferee had
historically paid its debts as they came due and found no
significant evidence to indicate that the transferee will not
continue to pay its debts as they become due. The Residual
Certificates shall bear a legend referring to the foregoing
restrictions contained in this paragraph and the preceding
paragraph.
Upon notice to the Company that any legal or
beneficial interest in any portion of the Residual Certificates
has been transferred, directly or indirectly, to a Disqualified
Organization or agent thereof (including a broker, nominee, or
middleman) in contravention of the foregoing restrictions, (i)
such transferee shall be deemed to hold the Residual Certificate
in constructive trust for the last transferor who was not a
Disqualified Organization or agent thereof, and such transferor
shall be restored as the owner of such Residual Certificate as
completely as if such transfer had never occurred, provided that
the Company may, but is not required to, recover any
distributions made to such transferee with respect to the
Residual Certificate and return such recovery to the transferor,
and (ii) the Company agrees to furnish to the Internal Revenue
Service and to any transferor of the Residual Certificate or such
agent (within 60 days of the request therefor by the transferor
or agent) such information necessary to the application of
section 860E(e) of the Code as may be required by the Code,
including but not limited to the present value of the total
anticipated excess inclusions with respect to the Residual
Certificate (or portion thereof) for periods after such transfer.
At the election of the Company, the cost to the Company of
computing and furnishing such information may be charged to the
transferor or such agent referred to above; however, the Company
shall in no event be excused from furnishing such information.
The restrictions on transfers of the Residual
Certificates set forth in the preceding three paragraphs shall
cease to apply to transfers (and the applicable portions of the
legend to the Residual Certificates may be deleted) after
delivery to the Trustee of an Opinion of Counsel to the effect
that the elimination of such restrictions will not cause either
of the Upper Tier REMIC or the Lower Tier REMIC established
hereunder to fail to qualify as a REMIC at any time that the
Certificates are outstanding.
87
<PAGE>
No transfer of a Restricted Certificate shall be made
unless such transfer is made pursuant to an effective
registration statement under the Securities Act of 1933, as
amended (the "Act"), and any applicable state securities laws, in
each case as evidenced by an Officer's Certificate, or is exempt
from the registration requirements of the Act and any applicable
state securities laws. In the event of such registration, any
restrictive legends set forth in the form of the relevant
Restricted Certificate in Exhibit A hereto with respect to the
Act and state securities law restrictions shall be removed by the
Trustee upon request of the Holder thereof and automatically upon
exchange or registration of transfer thereof. As a condition to
any transfer that is to be made in reliance upon an exemption
from the Act and such laws of a (i) Class PO Certificate or (ii)
Restricted Junior Certificate to any person other than a QIB (as
certified by the proposed transferee in the form of assignment
attached to the related Certificate), either (x) the Trustee
shall require the transferee to execute an investment letter in
the form substantially as set forth in Exhibit I hereto or in
such other form as may be acceptable to the Trustee, certifying
as to the facts surrounding such transfer, or (y) in lieu of such
investment letter, the Trustee may accept a written Opinion of
Counsel (in form and substance acceptable to the Trustee) that
such proposed transfer may be made pursuant to an exemption from
the Act. As an additional condition to any transfer of a
Restricted Certificate, either (i) the transferor and the
transferee shall complete the form of assignment attached to the
Certificate proposed to be transferred, or (ii) the Trustee shall
have received the above-referenced Opinion of Counsel. The holder
of any Restricted Certificate desiring to effect the transfer
thereof to a person other than a QIB shall, and hereby agrees to,
comply with any applicable conditions set forth in the preceding
two sentences and indemnify the Trustee and the Company against
any liability that may result if the transfer thereof is not so
exempt or is not made in accordance with such federal and state
laws. Such agreement to so indemnify the Trustee and the Company
shall survive the termination of this Agreement. Notwithstanding
the foregoing, no Opinion of Counsel or investment letter shall
be required upon the original issuance of (i) the Restricted
Junior Certificates to the Initial Purchaser (as defined in the
Private Placement Memorandum) or its nominee and (ii) the Class
PO Certificates to the Company or upon any subsequent transfer of
any Class PO Certificate by the Company, provided that if any
Restricted Junior Certificates are, at the request of the Initial
Purchaser, registered in the name of its nominee, the Initial
Purchaser shall be deemed to acknowledge and agree with the
Company and the Trustee that no transfer of a beneficial interest
in such Certificates will be made without registering such
Certificates in the name of the transferee, which shall be a
Person other than such nominee. Any opinion or letter required
pursuant to this paragraph shall not be at the expense of the
Trust Fund or the Trustee.
(c) (i) No transfer of an ERISA-Restricted Certificate in
the form of a Definitive Certificate shall be made to any Person
unless the Trustee has received (A) a certificate (substantially
in the form of Exhibit E or such other form as is acceptable to
the Company and the Trustee) from such transferee to the effect
that such transferee (i) is not a Plan or a Person that is using
the assets of a Plan to acquire such ERISA-Restricted Certificate
or (ii) is an insurance company investing assets of its general
account and the exemptions provided by Section III(a) of
Department of Labor Prohibited Transaction Class Exemption 95-60,
60 Fed. Reg. 35925 (July 12, 1995) (the "Exemptions") apply to
the transferee's acquisition and holding of any ERISA-Restricted
Certificate or (B) an opinion of counsel satisfactory to the
Trustee and the Company to the effect that the purchase and
holding of such a Certificate will not constitute or result in
the assets of the Trust Fund being deemed to be "plan assets"
subject to the
88
<PAGE>
prohibited transactions provisions of ERISA or Section 4975 of
the Code and will not subject the Trustee or the Company to any
obligation in addition to those undertaken in the Agreement;
provided, however, that the Trustee will not require such
certificate or opinion in the event that, as a result of a change
of law or otherwise, counsel satisfactory to the Trustee has
rendered an opinion to the effect that the purchase and holding
of an ERISA-Restricted Certificate by a Plan or a Person that is
purchasing or holding such a Certificate with the assets of a
Plan will not constitute or result in a prohibited transaction
under ERISA or Section 4975 of the Code. The preparation and
delivery of the certificate and opinions referred to above shall
not be an expense of the Trust Fund, the Trustee or the Company.
Notwithstanding the foregoing, no opinion or certificate shall be
required for the initial issuance of the ERISA-Restricted
Certificates.
(ii) No transfer of a Residual Certificate shall be
made to any Person unless the Trustee has received a
certification (substantially in the form of paragraph 4 of
Exhibit F) from such transferee to the effect that, among
other things, such transferee is not a Plan or a Person
that is using the assets of a Plan to acquire any such
Certificate. The preparation and delivery of such
certificate shall not be an expense of the Trust Fund, the
Trustee or the Company.
(d) Subject to Section 8.01(i) hereof, the Trustee may
conclusively rely upon any certificate, affidavit or opinion
delivered pursuant to Section 5.02(b) or (c). Any certificate or
affidavit required to be delivered by a transferee under this
Section 5.02 may be executed and delivered in the name of such
transferee by its attorney-in-fact duly authorized in writing in
form and substance satisfactory to the Trustee.
(e) Except as to any additional Certificate of any Class of
Book-Entry Certificates held in physical certificated form
pursuant to Section 5.02(g) or any Restricted Junior Certificate
of any Class of Book-Entry Certificates that is transferred to an
entity other than a QIB, the Book-Entry Certificates shall,
subject to Section 5.02(f), at all times remain registered in the
name of the Depository or its nominee and at all times: (i)
registration thereof may not be transferred by the Trustee except
to another Depository; (ii) the Depository shall maintain
book-entry records with respect to the Certificate Owners and
with respect to ownership and transfers of such Certificates;
(iii) ownership and transfers of registration of the Certificates
issued in book-entry form on the books of the Depository shall be
governed by applicable rules established by the Depository and
the rights of Certificate Owners with respect to Book-Entry
Certificates shall be governed by applicable law and agreements
between such Certificate Owners and the Depository, Depository
Participants, and indirect participating firms; (iv) the
Depository may collect its usual and customary fees, charges and
expenses from its Depository Participants; (v) the Trustee shall
deal with the Depository, Depository Participants and indirect
participating firms as authorized representatives of the
Certificate Owners of the Certificates issued in book-entry form
for all purposes including the making of payments due on the
Book-Entry Certificates and exercising the rights of Holders
under this Agreement, and requests and directions for and votes
of such representatives shall not be deemed to be inconsistent if
they are made with respect to different Certificate Owners; (vi)
the Trustee may rely and shall be fully protected in relying upon
information furnished by the Depository with respect to its
Depository Participants and furnished by the Depository
Participants with respect to indirect participating firms and
persons shown on the books of such indirect participating firms
as direct or indirect Certificate Owners;
89
<PAGE>
(vii) Certificate Owners shall not be entitled to certificates
for the Book-Entry Certificates and (viii) the Trustee may
establish a reasonable record date in connection with
solicitations of consents from or voting by Certificateholders
and give notice to the Depository of such record date.
All transfers by Certificate Owners of Book-Entry
Certificates shall be made in accordance with the procedures
established by the Depository Participant or brokerage firm
representing such Certificate Owner. Each Depository Participant
shall only transfer Book-Entry Certificates of Certificate Owners
it represents or of brokerage firms for which it acts as agent in
accordance with the Depository's normal procedures. Except as
provided herein, the Trustee shall have no duty to monitor or
restrict the transfer of Certificates or interests therein, and
shall have no liability for any transfer, including any transfer
made through the book-entry facilities of the Depository or
between or among Depository Participants or Certificate Owners,
made in violation of applicable restrictions set forth herein,
except in the event of the failure of the Trustee to perform its
duties and fulfill its obligations under this Agreement.
(f) If (x)(i) the Company or the Depository advises the
Trustee in writing that the Depository is no longer willing,
qualified or able to properly discharge its responsibilities as
Depository, and (ii) the Trustee or the Company is unable to
locate a qualified successor, (y) the Company at its option
advises the Trustee in writing that it elects to terminate the
book-entry system through the Depository or (z) after the
occurrence of an Event of Default, Certificate Owners
representing not less than 51% of the aggregate Voting Rights
allocated to the Book-Entry Certificates together advise the
Trustee and the Depository through the Depository Participants in
writing that the continuation of a book-entry system through the
Depository is no longer in the best interests of the Certificate
Owners, the Trustee shall notify all Certificate Owners, through
the Depository, of the occurrence of any such event and of the
availability of Definitive Certificates to Certificate Owners
requesting the same. Upon surrender to the Trustee of such
Certificates by the Depository, accompanied by registration
instructions from the Depository for registration, the Trustee
shall issue the Definitive Certificates. Neither the Company nor
the Trustee shall be liable for any delay in delivery of such
instructions and may conclusively rely on, and shall be protected
in relying on, such instructions. Upon the issuance of Definitive
Certificates all references herein to obligations imposed upon or
to be performed by the Depository shall be deemed to be imposed
upon and performed by the Trustee, to the extent applicable with
respect to such Definitive Certificates and the Trustee shall
recognize the Holders of the Definitive Certificates as
Certificateholders hereunder.
(g) On or prior to the Closing Date, there shall be
delivered to the Depository (or to State Street Bank and Trust
Company acting as custodian for the Depository pursuant to the
Depository's procedures) one certificate for each Class of
Book-Entry Certificates registered in the name of the
Depository's nominee, Cede & Co. The face amount of each such
Certificate shall represent 100% of the initial Class Certificate
Principal Balance thereof, except for such amount that does not
constitute an acceptable denomination to the Depository. An
additional Certificate of each Class of Book-Entry Certificates
may be issued evidencing such remainder and, if so issued, will
be held in physical certificated form by the Holders thereof.
Each Certificate issued in book-entry form shall bear the
following legend:
90
<PAGE>
"Unless this Certificate is presented by an authorized
representative of The Depository Trust Company, a New York
corporation ("DTC"), to Issuer or its agent for registration of
transfer, exchange, or payment, and any certificate issued is
registered in the name of Cede & Co. or in such other name as
requested by an authorized representative of DTC (and any payment
is made to Cede & Co. or to such other entity as is requested by
an authorized representative of DTC), ANY TRANSFER, PLEDGE OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has
an interest herein."
Section 5.03. Mutilated, Destroyed, Lost or Stolen
Certificates. If (a) any mutilated Certificate is surrendered to
the Certificate Registrar, or the Certificate Registrar receives
evidence to its satisfaction of the destruction, loss or theft of
any Certificate and (b) there is delivered to the Company, the
Certificate Registrar and the Trustee such security or indemnity
as may be required by them to save each of them harmless, then,
in the absence of notice to the Certificate Registrar or the
Trustee that such Certificate has been acquired by a bona fide
purchaser, the Trustee shall execute, countersign and deliver, in
exchange for or in lieu of any such mutilated, destroyed, lost or
stolen Certificate, a new Certificate of like tenor, Class and
Percentage Interest. In connection with the issuance of any new
Certificate under this Section 5.03, the Trustee may require the
payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and
any other expenses (including the fees and expenses of the
Trustee and the Certificate Registrar) connected therewith. Any
duplicate Certificate issued pursuant to this Section 5.03 shall
constitute complete and indefeasible evidence of ownership in the
Trust Fund, as if originally issued, whether or not the lost,
stolen or destroyed Certificate shall be found at any time.
Section 5.04. Persons Deemed Owners. Prior to due
presentation of a Certificate for registration of transfer, the
Company, the Trustee, the Certificate Registrar and any agent of
the Company, the Trustee or the Certificate Registrar may treat
the person in whose name any Certificate is registered as the
owner of such Certificate for the purpose of receiving
distributions pursuant to Section 4.01 and for all other purposes
whatsoever, and neither the Company, the Trustee, the Certificate
Registrar nor any agent of the Company, the Trustee or the
Certificate Registrar shall be affected by any notice to the
contrary.
Section 5.05. Access to List of Certificateholders' Names
and Addresses. The Certificate Registrar will furnish or cause to
be furnished to the Company, within 15 days after receipt by the
Certificate Registrar of request therefor from the Company in
writing, a list, in such form as the Company may reasonably
require, of the names and addresses of the Certificateholders as
of the most recent Record Date for payment of distributions to
Certificateholders. If three or more Certificateholders
(hereinafter referred to as "applicants") apply in writing to the
Trustee, and such application states that the applicants desire
to communicate with other Certificateholders with respect to
their rights under this Agreement or under the Certificates and
is accompanied by a copy of the communication which such
applicants propose to transmit, then the Trustee shall, within
five Business Days after the receipt of such application, afford
such applicants access during normal business hours to the most
recent list of Certificateholders held by the Trustee. If such
list is as of a date more than 90 days prior to the date of
receipt of such applicants' request, the Trustee shall promptly
request from the Certificate
91
<PAGE>
Registrar a current list as provided above, and shall afford such
applicants access to such list promptly upon receipt. Every
Certificateholder, by receiving and holding a Certificate, agrees
with the Certificate Registrar and the Trustee that neither the
Certificate Registrar nor the Trustee shall be held accountable
by reason of the disclosure of any such information as to the
names and addresses of the Certificateholders hereunder,
regardless of the source from which such information was derived.
Section 5.06. Representation of Certain Certificateholders.
The fiduciary of any Plan which becomes a Holder of a
Certificate, by virtue of its acceptance of such Certificate,
will be deemed to have represented and warranted to the Trustee
and the Company that such Plan is an "accredited investor" as
defined in Rule 501(a)(1) of Regulation D promulgated by the
Securities and Exchange Commission under the Securities Act of
1933.
Section 5.07. Determination of COFI. (a) If the outstanding
Certificates include any COFI Certificates, then on each COFI
Determination Date the Trustee shall determine the value of COFI
on the basis of the most recently available Information Bulletin
referred to in the definition of "COFI". The establishment of
COFI by the Trustee and the Trustee's subsequent calculation of
the rates of interest applicable to the COFI Certificates for
each Interest Accrual Period shall (in the absence of manifest
error) be final and binding. During each Interest Accrual Period,
the Certificate Interest Rate for the COFI Certificates for the
current and immediately preceding Interest Accrual Period shall
be made available by the Trustee to Certificate Owners and
Certificateholders at the following telephone number: (617)
664-5500.
(b) The failure by the Federal Home Loan Bank of San
Francisco to publish COFI for a period of 65 calendar days will
constitute an "Alternative Rate Event" for purposes hereof. Upon
the occurrence of an Alternative Rate Event, the Company will
calculate the Certificate Interest Rates for the COFI
Certificates for the subsequent Interest Accrual Periods by
using, in place of COFI, (i) the replacement index, if any,
published or designated by the Federal Home Loan Bank of San
Francisco or (ii) if no replacement index is so published or
designated, an alternative index to be selected by the Company
that has performed, or that the Company expects to perform, in a
manner substantially similar to COFI. At the time an alternative
index is first selected by the Company, the Company shall
determine the average number of basis points, if any, by which
the alternative index differed from COFI for such period as the
Company, in its sole discretion, reasonably determines to reflect
fairly the long-term difference between COFI and the alternative
index, and shall adjust the alternative index by such average.
The Company shall select a particular index as an alternative
only if it receives an Opinion of Counsel to the effect that the
selection of such index will not cause any REMIC established
hereunder to fail to qualify as a REMIC for federal income tax
purposes. In the absence of manifest error, the selection of any
alternative index as provided by this Section 5.07(b) shall be
final and binding for each subsequent Interest Accrual Period.
Upon the occurrence of an Alternative Rate Event, the Trustee
shall have no responsibility for the determination of any
alternative index or the calculation of the Certificate Interest
Rates for the COFI Certificates.
(c) If at any time after the occurrence of an Alternative
Rate Event the Federal Home Loan Bank of San Francisco resumes
publication of COFI, the Certificate Interest Rates for the
92
<PAGE>
COFI Certificates for each Interest Accrual Period commencing
thereafter will be calculated by reference to COFI.
Section 5.08. Determination of LIBOR. (a) If the
outstanding Certificates include any LIBOR Certificates, then on
each LIBOR Determination Date the Trustee shall determine LIBOR
for the related Interest Accrual Period as such rate equal to the
Interest Settlement Rate. If such rate does not appear on the
Designated Telerate Page as of 11:00 a.m., London time, on the
applicable LIBOR Determination Date:
(i) The Trustee will request the principal London
office of each Reference Bank (as defined in Section
5.08(e)) to provide such bank's offered quotation
(expressed as a percentage per annum) to prime banks in the
London interbank market for one-month U.S. Dollar deposits
as of 11:00 a.m., London time, on the applicable LIBOR
Determination Date.
(ii) If on any LIBOR Determination Date, two or more
of the Reference Banks provide such offered quotations,
LIBOR for the next Interest Accrual Period will be the
arithmetic mean of such offered quotations (rounding such
arithmetic mean upwards, if necessary, to the nearest whole
multiple of 1/16%). If on any LIBOR Determination Date only
one or none of the Reference Banks provide such offered
quotations, LIBOR for the next Interest Accrual Period will
be the rate per annum the Trustee determines to be the
arithmetic mean (rounding such arithmetic mean upwards, if
necessary, to the nearest whole multiple of 1/16%) of the
one-month Eurodollar lending rate that three major banks in
New York City selected by the Trustee are quoting as of
approximately 11:00 a.m., New York City time, on the first
day of the applicable Interest Accrual Period.
(iii) If on any LIBOR Determination Date the Trustee
is required but unable to determine LIBOR in the manner
provided in subparagraph (ii) of this Section 5.08(a),
LIBOR for the next Interest Accrual Period will be LIBOR as
determined on the previous LIBOR Determination Date, or, in
the case of the first LIBOR Determination Date, the Initial
LIBOR Rate.
(b) The establishment of LIBOR by the Trustee and the
Trustee's subsequent calculation of the Certificate Interest
Rates applicable to the LIBOR Certificates for the relevant
Interest Accrual Period, in the absence of manifest error, will
be final and binding.
(c) Within five Business Days of the Trustee's calculation
of the Certificate Interest Rates of the LIBOR Certificates, the
Trustee shall furnish to the Company by telecopy (or by such
other means as the Trustee and the Company may agree from time to
time) such Certificate Interest Rates.
(d) The Trustee shall provide to Certificateholders who
inquire of it by telephone the Certificate Interest Rates of the
LIBOR Certificates for the current and immediately preceding
Interest Accrual Period.
93
<PAGE>
(e) As used herein, "Reference Banks" shall mean no more
than four leading banks engaged in transactions in Eurodollar
deposits in the international Eurocurrency market (i) with an
established place of business in London, England, (ii) whose
quotations appear on the display designated "LIBO" on the Reuters
Monitor Money Rates Service (the "Reuters Screen LIBO Page") on
the applicable LIBOR Determination Date and (iii) which have been
designated as such by the Trustee and are able and willing to
provide such quotations to the Trustee on each LIBOR
Determination Date. The Reference Banks initially shall be:
Barclay's plc, Bank of Tokyo, National Westminster Bank and Trust
Company and Bankers Trust Company. If any of the initial
Reference Banks should be removed from the Reuters Screen LIBO
Page or in any other way fail to meet the qualifications of a
Reference Bank, or if such page is no longer published, the
Trustee, after consultation with the Company, shall use its best
efforts to designate alternate Reference Banks.
ARTICLE VI
THE COMPANY
Section 6.01. Liability of the Company. The Company shall
be liable in accordance herewith only to the extent of the
obligations specifically imposed upon and undertaken by the
Company herein.
Section 6.02. Merger or Consolidation of, or Assumption of
the Obligations of, the Company. Any corporation into which the
Company may be merged or consolidated, or any corporation
resulting from any merger, conversion or consolidation to which
the Company shall be a party, or any corporation succeeding to
the business of the Company, or any corporation, more than 50% of
the voting stock of which is, directly or indirectly, owned by
General Electric Company, or any limited partnership, the sole
general partner of which is either the Company or a corporation,
more than 50% of the voting stock of which is owned, directly or
indirectly, by General Electric Company, which executes an
agreement of assumption to perform every obligation of the
Company hereunder, shall be the successor of the Company
hereunder, without the execution or filing of any paper or any
further act on the part of any of the parties hereto, anything
herein to the contrary notwithstanding.
Section 6.03. Assignment. The Company may assign its rights
and delegate its duties and obligations as servicer under this
Agreement; provided, that (i) the purchaser or transferee
accepting such assignment or delegation is qualified to service
mortgage loans for FNMA or FHLMC, is reasonably satisfactory to
the Trustee and executes and delivers to the Trustee an
agreement, in form and substance reasonably satisfactory to the
Trustee, which contains an assumption by such purchaser or
transferee of the due and punctual performance and observance of
each covenant and condition to be performed or observed by the
Company as servicer hereunder from and after the date of such
agreement and (ii) each Rating Agency's rating of any Classes of
Certificates in effect immediately prior to such assignment or
delegation would not be qualified, downgraded or withdrawn as a
result thereof. In the case of any such assignment or delegation,
the Company will be released from its obligations as servicer
hereunder except for liabilities and obligations as servicer
incurred prior to such assignment or delegation.
94
<PAGE>
Section 6.04. Limitation on Liability of the Company and
Others. Neither the Company nor any of the directors or officers
or employees or agents of the Company shall be under any
liability to the Trust Fund or the Certificateholders for any
action taken or for refraining from the taking of any action by
the Company pursuant to this Agreement, or for errors in
judgment; provided, however, that this provision shall not
protect the Company or any such person against any liability
which would otherwise be imposed by reason of willful
misfeasance, bad faith or gross negligence in the performance of
duties of the Company or by reason of reckless disregard of
obligations and duties of the Company hereunder. The Company and
any director or officer or employee or agent of the Company may
rely in good faith on any document of any kind prima facie
properly executed and submitted by any Person respecting any
matters arising hereunder. The Company and any director or
officer or employee or agent of the Company shall be indemnified
by the Trust Fund and held harmless against any loss, liability
or expense incurred in connection with any legal action relating
to this Agreement or the Certificates, other than any loss,
liability or expense related to any specific Mortgage Loan or
Mortgage Loans (except as any such loss, liability or expense
shall be otherwise reimbursable pursuant to this Agreement) and
any loss, liability or expense incurred by reason of willful
misfeasance, bad faith or gross negligence in the performance of
duties hereunder or by reason of reckless disregard of
obligations and duties hereunder. The Company shall be under no
obligation to appear in, prosecute or defend any legal action
which is not incidental to its duties to service the Mortgage
Loans in accordance with this Agreement and which in its opinion
may involve it in any expense or liability; provided, however,
that the Company may in its sole discretion undertake any such
action which it may deem necessary or desirable in respect of
this Agreement, and the rights and duties of the parties hereto
and the interests of the Certificateholders hereunder. In such
event, the legal expenses and costs of such action and any
liability resulting therefrom shall be expenses, costs and
liabilities of the Trust Fund and the Company shall be entitled
to be reimbursed therefor from amounts credited to the Mortgage
Loan Payment Record as provided by Section 3.04.
Section 6.05. The Company Not to Resign. Subject to the
provisions of Sections 6.02 and 6.03, the Company shall not
resign from the obligations and duties hereby imposed on
it except upon determination that the performance of its duties
hereunder is no longer permissible under applicable law. Any such
determination permitting the resignation of the Company shall be
evidenced by an Opinion of Counsel to such effect delivered to
the Trustee. No such resignation shall become effective until the
Trustee or a successor servicer shall have assumed the
responsibilities and obligations of the Company in accordance
with Section 7.02.
ARTICLE VII
DEFAULT
Section 7.01. Events of Default. If any one of the
following events ("Events of Default") shall occur and be
continuing:
(i) Any failure by the Company to make any payment
to the Trustee of funds pursuant to Section 3.02(d) out of
which distributions to Certificateholders of any Class
95
<PAGE>
are required to be made under the terms of the Certificates
and this Agreement which failure continues unremedied for a
period of three Business Days after the date upon which
written notice of such failure shall have been given to the
Company by the Trustee or to the Company and the Trustee by
Holders of Certificates of each Class affected thereby
evidencing, as to each such Class, Percentage Interests
aggregating not less than 25%; or
(ii) Failure on the part of the Company duly to
observe or perform in any material respect any other
covenants or agreements of the Company set forth in the
Certificates or in this Agreement, which covenants and
agreements (A) materially affect the rights of
Certificateholders and (B) continue unremedied for a period
of 60 days after the date on which written notice of such
failure, requiring the same to be remedied, shall have been
given to the Company by the Trustee, or to the Company and
the Trustee by the Holders of Certificates of each Class
affected thereby evidencing, as to each such Class,
Percentage Interests aggregating not less than 25%; or
(iii) The entry of a decree or order by a court or
agency or supervisory authority having jurisdiction in the
premises for the appointment of a conservator, receiver or
liquidator in any insolvency, readjustment of debt,
marshalling of assets and liabilities or similar
proceedings of or relating to the Company, or for the
winding up or liquidation of the Company's affairs, and the
continuance of any such decree or order unstayed and in
effect for a period of 60 consecutive days; or
(iv) The consent by the Company to the appointment
of a conservator or receiver or liquidator in any
insolvency, readjustment of debt, marshalling of assets and
liabilities or similar proceedings of or relating to the
Company or of or relating to substantially all of its
property; or the Company shall admit in writing its
inability to pay its debts generally as they become due,
file a petition to take advantage of any applicable
insolvency or reorganization statute, make an assignment
for the benefit of its creditors, or voluntarily suspend
payment of its obligations;
then, and in each and every such case, so long as an Event of
Default shall not have been remedied by the Company, either the
Trustee, or the Holders of Certificates of each Class affected
thereby evidencing, as to each such Class, Percentage Interests
aggregating not less than 51%, by notice then given in writing to
the Company (and to the Trustee if given by the
Certificateholders) may terminate all of the rights and
obligations of the Company as servicer under this Agreement. On
or after the receipt by the Company of such written notice, all
authority and power of the Company under this Agreement, whether
with respect to the Certificates or the Mortgage Loans or
otherwise, shall pass to and be vested in the Trustee pursuant to
and under this Section 7.01; and, without limitation, the Trustee
is hereby authorized and empowered to execute and deliver, on
behalf of the Company, as attorney-in-fact or otherwise, any and
all documents and other instruments, and to do or accomplish all
other acts or things necessary or appropriate to effect the
purposes of such notice of termination, whether to complete the
transfer and endorsement of the Mortgage Loans and related
documents, or otherwise, including, without limitation, the
recordation of the assignments of the Mortgage Loans to it. The
Company agrees to cooperate with the Trustee in effecting the
termination of
96
<PAGE>
the responsibilities and rights of the Company hereunder,
including, without limitation, the transfer to the Trustee for
the administration by it of all cash amounts that shall at the
time be held by the Company and that have been or should have
been credited by it to the Mortgage Loan Payment Record, or that
have been deposited by the Company in the Certificate Account or
are thereafter received by the Company with respect to the
Mortgage Loans. In addition to any other amounts which are then,
or, notwithstanding the termination of its activities as
servicer, may become, payable to the Company under this
Agreement, the Company shall be entitled to receive out of any
delinquent payment on account of interest on a Mortgage Loan, due
during the period prior to the notice pursuant to this Section
7.01 which terminates the obligation and rights of the Company
hereunder and received after such notice, that portion of such
payment which it would have been entitled to retain pursuant to
Section 3.04(vi) if such notice had not been given.
Section 7.02. Trustee to Act; Appointment of Successor. (a)
On and after the time the Company receives a notice of
termination pursuant to Section 7.01, the Trustee shall be the
successor in all respects to the Company in its capacity as
servicer under this Agreement and the transactions set forth or
provided for herein and shall succeed to all the rights of and be
subject to all the responsibilities, duties and liabilities
relating thereto placed on the Company in its capacity as
servicer by the terms and provisions hereof; provided, however,
that the responsibilities and duties of the Company pursuant to
Sections 2.02 and 2.03(a) and, if the Trustee is prohibited by
law or regulation from making Monthly Advances, the
responsibility to make Monthly Advances pursuant to Section 4.04,
shall not be the responsibilities, duties or obligations of the
Trustee; and provided further, that any failure of the Trustee to
perform such duties and responsibilities that is caused by the
Company's failure to cooperate with the Trustee as required by
Section 7.01 shall not be considered a default by the Trustee
hereunder. As compensation therefor, the Trustee shall, except as
provided in Section 7.01, be entitled to such compensation as the
Company would have been entitled to hereunder if no such notice
of termination had been given. Notwithstanding the above, the
Trustee may, if it shall be unwilling so to act, or shall, if it
is legally unable so to act, appoint, or petition a court of
competent jurisdiction to appoint, any established housing and
home finance institution approved to service mortgage loans for
either FNMA or FHLMC, having a net worth of not less than
$10,000,000, as the successor to the Company hereunder in the
assumption of all or any part of the responsibilities, duties or
liabilities of the Company hereunder. Pending appointment of a
successor to the Company pursuant to this Article VII, unless the
Trustee is prohibited by law from so acting, the Trustee shall
act in such capacity as hereinabove provided. In connection with
such appointment and assumption, the Trustee may make such
arrangements for the compensation of such successor out of
payments on Mortgage Loans as it and such successor shall agree;
provided, however, that no such compensation shall be in excess
of that permitted the Company hereunder. The Trustee and such
successor shall take such action, consistent with this Agreement,
as shall be necessary to effectuate any such succession.
(b) Any successor, including the Trustee, to the Company as
servicer pursuant to this Article VII shall during the term of
its service as servicer maintain in force (i) a policy or
policies of insurance covering errors and omissions in the
performance of its obligations as servicer hereunder, and (ii) a
fidelity bond in respect of its officers, employees and agents to
the same extent as the Company is so required pursuant to Section
3.15.
97
<PAGE>
Section 7.03. Notification to Certificateholders. Upon any
termination or appointment of a successor to the Company pursuant
to this Article VII, the Trustee shall give prompt written notice
thereof to Certificateholders at their respective addresses
appearing in the Certificate Register.
ARTICLE VIII
THE TRUSTEE
Section 8.01. Duties of Trustee. The Trustee, prior to the
occurrence of an Event of Default and after the curing of all
Events of Default which may have occurred, undertakes to perform
such duties and only such duties as are specifically set forth in
this Agreement. If an Event of Default has occurred (which has
not been cured), the Trustee shall exercise such of the rights
and powers vested in it by this Agreement, and use the same
degree of care and skill in their exercise, as a prudent person
would exercise or use under the circumstances in the conduct of
his or her own affairs.
The Trustee, upon receipt of all resolutions,
certificates, statements, opinions, reports, documents, orders or
other instruments furnished to the Trustee which are specifically
required to be furnished pursuant to any provision of this
Agreement, shall examine them to determine whether they conform
to the requirements of this Agreement.
No provision of this Agreement shall be construed to
relieve the Trustee from liability for its own negligent action,
its own negligent failure to act or its own misconduct; provided,
however, that:
(i) Prior to the occurrence of an Event of Default,
and after the curing of all such Events of Default which
may have occurred, the duties and obligations of the
Trustee shall be determined solely by the express
provisions of this Agreement, the Trustee shall not be
liable except for the performance of such duties and
obligations as are specifically set forth in this
Agreement, no implied covenants or obligations shall be
read into this Agreement against the Trustee and, in the
absence of bad faith on the part of the Trustee, the
Trustee may conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed
therein, upon any certificates or opinions furnished to the
Trustee and conforming to the requirements of this
Agreement;
(ii) The Trustee shall not be personally liable for
an error of judgment made in good faith by a Responsible
Officer of the Trustee, unless it shall be proved that the
Trustee was negligent in performing its duties in
accordance with the terms of this Agreement;
(iii) The Trustee shall not be personally liable
with respect to any action taken, suffered or omitted to be
taken by it in good faith in accordance with the direction
of the Holders of Certificates of each Class affected
thereby evidencing, as to each such Class, Percentage
Interests aggregating not less than 25%, relating to the
time, method and place
98
<PAGE>
of conducting any proceeding for any remedy available to
the Trustee, or exercising any trust or power conferred
upon the Trustee, under this Agreement; and
(iv) The Trustee shall not be charged with knowledge
of (A) any failure by the Company to comply with the
obligations of the Company referred to in clauses (i) and
(ii) of Section 7.01, (B) the rating downgrade referred to
in the definition of "Trigger Event" or (C) any failure by
the Company to comply with the obligations of the Company
to record the assignments of Mortgages referred to in
Section 2.01 unless a Responsible Officer of the Trustee at
the Corporate Trust Office obtains actual knowledge of such
failures, occurrence or downgrade or the Trustee receives
written notice of such failures, occurrence or downgrade
from the Company or the Holders of Certificates of each
Class affected thereby evidencing, as to each such Class,
Percentage Interests aggregating not less than 25%.
Subject to any obligation of the Trustee to make
Monthly Advances as provided herein, the Trustee shall not be
required to expend or risk its own funds or otherwise incur
financial liability in the performance of any of its duties
hereunder, or in the exercise of any of its rights or powers, if
there is reasonable ground for believing that the repayment of
such funds or adequate indemnity against such risk or liability
is not reasonably assured to it, and none of the provisions
contained in this Agreement shall in any event require the
Trustee to perform, or be responsible for the manner of
performance of, any of the obligations of the Company under this
Agreement, except during such time, if any, as the Trustee shall
be the successor to, and be vested with the rights, duties,
powers and privileges of, the Company in accordance with the
terms of this Agreement.
Section 8.02. Certain Matters Affecting the Trustee. Except
as otherwise provided in Section 8.01:
(i) The Trustee may conclusively rely and shall be
protected in acting or refraining from acting upon any
resolution, Officer's Certificate, certificate of auditors
or any other certificate, statement, instrument, opinion,
report, notice, request, consent, order, appraisal, bond or
other paper or document believed by it to be genuine and to
have been signed or presented by the proper party or
parties;
(ii) The Trustee may consult with counsel and any
Opinion of Counsel shall be full and complete authorization
and protection in respect of any action taken or suffered
or omitted by it hereunder in good faith and in accordance
with such Opinion of Counsel;
(iii) The Trustee shall be under no obligation to
exercise any of the rights or powers vested in it by this
Agreement, or to institute, conduct or defend any
litigation hereunder or in relation hereto, at the request,
order or direction of any of the Certificateholders,
pursuant to the provisions of this Agreement, unless such
Certificateholders shall have offered to the Trustee
reasonable security or indemnity against the costs,
expenses and liabilities which may be incurred therein or
thereby; nothing contained herein shall, however, relieve
the Trustee of the obligations, upon the
99
<PAGE>
occurrence of an Event of Default (which has not been
cured), to exercise such of the rights and powers vested in
it by this Agreement, and to use the same degree of care
and skill in their exercise as a prudent person would
exercise or use under the circumstances in the conduct of
his or her own affairs;
(iv) The Trustee shall not be personally liable for
any action taken, suffered or omitted by it in good faith
and believed by it to be authorized or within the
discretion or rights or powers conferred upon it by this
Agreement;
(v) Prior to the occurrence of an Event of Default
and after the curing of all Events of Default which may
have occurred, the Trustee shall not be bound to make any
investigation into the facts or matters stated in any
resolution, certificate, statement, instrument, opinion,
report, notice, request, consent, order, approval, bond or
other paper or documents, unless requested in writing so to
do by Holders of Certificates of each Class affected
thereby evidencing, as to each such Class, Percentage
Interests aggregating not less than 25%; provided, however,
that if the payment within a reasonable time to the Trustee
of the costs, expenses or liabilities likely to be incurred
by it in the making of such investigation is, in the
opinion of the Trustee, not reasonably assured to the
Trustee by the security afforded to it by the terms of this
Agreement, the Trustee may require reasonable indemnity
against such cost, expense or liability as a condition to
such proceeding. The reasonable expense of every such
investigation shall be paid by the Company or, if paid by
the Trustee, shall be reimbursed by the Company upon
demand. Nothing in this clause (v) shall derogate from the
obligation of the Company to observe any applicable law
prohibiting disclosure of information regarding the
Mortgagors; and
(vi) The Trustee may execute any of the trusts or
powers hereunder or perform any duties hereunder either
directly or by or through agents or attorneys or a
custodian.
Section 8.03. Trustee Not Liable for Certificates or
Mortgage Loans. The recitals contained herein and in the
Certificates (other than the signature and countersignature of
the Trustee on the Certificates) shall be taken as the statements
of the Company, and the Trustee assumes no responsibility for the
correctness of the same. The Trustee makes no representations as
to the validity or sufficiency of this Agreement or of the
Certificates (other than the signature and countersignature of
the Trustee on the Certificates) or of any Mortgage Loan or
related document. The Trustee shall not be accountable for the
use or application by the Company of any of the Certificates or
of the proceeds of such Certificates, or for the use or
application of any funds paid to the Company in respect of the
Mortgage Loans or deposited in or withdrawn from the Certificate
Account by the Company.
Section 8.04. Trustee May Own Certificates. The Trustee
in its individual or any other capacity may become the owner or
pledgee of Certificates with the same rights as it would have if
it were not Trustee.
Section 8.05. The Company to Pay Trustee's Fees and
Expenses. The Company covenants and agrees to pay to the Trustee
from time to time, and the Trustee shall be entitled to,
reasonable compensation (which shall not be limited by any
provision of law in regard to the
100
<PAGE>
compensation of a trustee of an express trust) for all services
rendered by it in the execution of the trusts hereby created and
in the exercise and performance of any of the powers and duties
hereunder of the Trustee, and the Company will pay or reimburse
the Trustee upon its request for all reasonable expenses,
disbursements and advances (including any Monthly Advances of the
Trustee not previously reimbursed thereto pursuant to Section
3.04) incurred or made by the Trustee in accordance with any of
the provisions of this Agreement (including the reasonable
compensation and the expenses and disbursements of its counsel
and of all persons not regularly in its employ) except any such
expense, disbursement or advance as may arise from its negligence
or bad faith or which is the responsibility of Certificateholders
hereunder. In addition, the Company covenants and agrees to
indemnify the Trustee from, and hold it harmless against, any and
all losses, liabilities, damages, claims or expenses other than
those resulting from the negligence or bad faith of the Trustee.
From time to time, the Trustee may request that the Company debit
the Mortgage Loan Payment Record pursuant to Section 3.04 to
reimburse the Trustee for any Monthly Advances and Nonrecoverable
Advances.
Section 8.06. Eligibility Requirements for Trustee. The
Trustee hereunder shall at all times be a corporation having its
principal office either in the State of New York or in the same
state as that in which the initial Trustee under this Agreement
has its principal office and organized and doing business under
the laws of such State or the United States of America,
authorized under such laws to exercise corporate trust powers,
having a combined capital and surplus of at least $50,000,000 and
subject to supervision or examination by federal or state
authority. If such corporation publishes reports of condition at
least annually, pursuant to law or to the requirements of the
aforesaid supervising or examining authority, then for the
purposes of this Section 8.06, the combined capital and surplus
of such corporation shall be deemed to be its combined capital
and surplus as set forth in its most recent report of condition
so published. The Trustee shall not be an affiliate of the
Company. In case at any time the Trustee shall cease to be
eligible in accordance with the provisions of this Section 8.06,
the Trustee shall resign immediately in the manner and with the
effect specified in Section 8.07.
Section 8.07. Resignation or Removal of Trustee. The
Trustee may at any time resign and be discharged from the trusts
hereby created by giving written notice thereof to the Company.
Upon receiving such notice of resignation, the Company shall
promptly appoint a successor Trustee by written instrument, in
duplicate, one copy of which instrument shall be delivered to the
resigning Trustee and one copy to the successor Trustee. If no
successor Trustee shall have been so appointed and having
accepted appointment within 30 days after the giving of such
notice of resignation, the resigning Trustee may petition any
court of competent jurisdiction for the appointment of a
successor Trustee.
If the conditions in any of the following clauses (i),
(ii) or (iii) shall occur at any time, the Company may remove the
Trustee: (i) the Trustee shall cease to be eligible in accordance
with the provisions of Section 8.06 and shall fail to resign
after written request therefor by the Company; (ii) the Trustee
shall be legally unable to act, or shall be adjudged a bankrupt
or insolvent, or a receiver of the Trustee or of its property
shall be appointed, or any public officer shall take charge or
control of the Trustee or of its property or affairs for the
purpose of rehabilitation, conservation or liquidation; or (iii)
the replacement of the Trustee with a successor Trustee will
enable the Company to avoid (and should, based on the information
101
<PAGE>
included in the notice referred to below, result in the avoidance
of) a downgrading of the ratings assigned to the Certificates by
the Rating Agencies (whether or not other actions could avoid
such downgrading) and no Event of Default, as provided by Section
7.01 hereof, shall have occurred or be continuing; provided,
however, that no action shall be taken pursuant to this clause
(iii) unless reasonable notice shall have been provided to the
Trustee, which notice shall set forth the basis for any rating
downgrade as contemplated by the Rating Agencies and shall also
indicate the manner in which such proposed action is intended to
avoid such downgrade. If it removes the Trustee under the
authority of the immediately preceding sentence, the Company
shall promptly appoint a successor trustee by written instrument,
in duplicate, one copy of which instrument shall be delivered to
the Trustee so removed and one copy to the successor trustee.
Any resignation or removal of the Trustee and
appointment of a successor Trustee pursuant to any of the
provisions of this Section 8.07 shall not become effective until
acceptance of appointment by the successor Trustee as provided in
Section 8.08.
Section 8.08. Successor Trustee. Any successor Trustee
appointed as provided in Section 8.07 shall execute, acknowledge
and deliver to the Company and to its predecessor Trustee an
instrument accepting such appointment hereunder, and thereupon
the resignation or removal of the predecessor Trustee shall
become effective and such successor Trustee, without
any further act, deed or conveyance, shall become fully vested
with all the rights, powers, duties and obligations of its
predecessor hereunder, with like effect as if originally named as
Trustee. The predecessor Trustee shall deliver to the successor
Trustee all Mortgage Files and related documents and statements
held by it hereunder; and the Company and the predecessor Trustee
shall execute and deliver such instruments and do such other
things as may reasonably be required for fully and certainly
vesting and confirming in the successor Trustee all such rights,
powers, duties and obligations.
No successor Trustee shall accept appointment as
provided in this Section 8.08 unless at the time of such
acceptance such successor Trustee shall be eligible under the
provisions of Section 8.06.
Upon acceptance of appointment by a successor Trustee
as provided in this Section 8.08, the Company shall mail notice
of the succession of such Trustee hereunder to all holders of
Certificates at their addresses as shown in the Certificate
Register. If the Company fails to mail such notice within 10 days
after acceptance of appointment by the successor Trustee, the
successor Trustee shall cause such notice to be mailed at the
expense of the Company.
Section 8.09. Merger or Consolidation of Trustee. Any
corporation into which the Trustee may be merged or converted or
with which it may be consolidated, or any corporation resulting
from any merger, conversion or consolidation to which the Trustee
shall be a party, or any corporation succeeding to the corporate
trust business of the Trustee, shall be the successor of the
Trustee hereunder, provided that such corporation shall be
eligible under the provisions of Section 8.06, without the
execution or filing of any paper or any further act on the part
of any of the parties hereto, anything herein to the contrary
notwithstanding.
102
<PAGE>
Section 8.10. Appointment of Co-Trustee or Separate
Trustee. Notwithstanding any other provisions of this Agreement,
at any time, for the purpose of meeting any legal requirements of
any jurisdiction in which any part of the Trust Fund or property
securing any Mortgage Note may at the time be located, the
Company and the Trustee acting jointly shall have the power and
shall execute and deliver all instruments to appoint one or more
Persons approved by the Trustee to act as co-trustee or
co-trustees, jointly with the Trustee, of all or any part of the
Trust Fund, or separate trustee or separate trustees of any part
of the Trust Fund, and to vest in such Person or Persons, in such
capacity and for the benefit of the Certificateholders, such
title to the Trust Fund, or any part thereof, and, subject to the
other provisions of this Section 8.10, such powers, duties,
obligations, rights and trusts as the Company and the Trustee may
consider necessary or desirable. If the Company shall not have
joined in such appointment within 15 days after the receipt by it
of a request so to do, or in case an Event of Default shall have
occurred and be continuing, the Trustee alone shall have the
power to make such appointment. No co-trustee or separate trustee
hereunder shall be required to meet the terms of eligibility as a
successor trustee under Section 8.06 and no notice to
Certificateholders of the appointment of any co-trustee or
separate trustee shall be required under Section 8.08.
Every separate trustee and co-trustee shall, to the
extent permitted by law, be appointed and act subject to the
following provisions and conditions:
(i) All rights, powers, duties and obligations
conferred or imposed upon the Trustee shall be conferred or
imposed upon and exercised or performed by the Trustee and
such separate trustee or co-trustee jointly (it being
understood that such separate trustee or co-trustee is not
authorized to act separately without the Trustee joining in
such act), except to the extent that under any law of any
jurisdiction in which any particular act or acts are to be
performed (whether as Trustee hereunder or as successor to
the Company hereunder), the Trustee shall be incompetent or
unqualified to perform such act or acts, in which event
such rights, powers, duties and obligations (including the
holding of title to the Trust Fund or any portion thereof
in any such jurisdiction) shall be exercised and performed
singly by such separate trustee or co-trustee, but solely
at the direction of the Trustee;
(ii) No trustee hereunder shall be held personally
liable by reason of any act or omission of any other
trustee hereunder; and
(iii) The Company and the Trustee acting jointly may
at any time accept the resignation of or remove any
separate trustee or co-trustee.
Any notice, request or other writing given to the
Trustee shall be deemed to have been given to each of the then
separate trustees and co-trustees, as effectively as if given to
each of them. Every instrument appointing any separate trustee or
co-trustee shall refer to this Agreement and the conditions of
this Article VIII. Each separate trustee and co-trustee, upon its
acceptance of the trusts conferred, shall be vested with the
estates or property specified in its instrument of appointment,
either jointly with the Trustee or separately, as may be provided
therein, subject to all the provisions of this Agreement,
specifically including every provision of this Agreement relating
to the conduct of, affecting the liability of, or affording
protection to, the
103
<PAGE>
Trustee. Every such instrument shall be filed with the Trustee
and a copy thereof given to the Company.
Any separate trustee or co-trustee may, at any time,
constitute the Trustee, its agent or attorney-in-fact, with full
power and authority, to the extent not prohibited by law, to do
any lawful act under or in respect of this Agreement on its
behalf and in its name. If any separate trustee or co-trustee
shall die, become incapable of acting, resign or be removed, all
of its estates, properties, rights, remedies and trusts shall
vest in and be exercised by the Trustee, to the extent permitted
by law, without the appointment of a new or successor trustee.
Section 8.11. Compliance with REMIC Provisions; Tax
Returns. The Trustee shall at all times act in such a manner in
the performance of its duties hereunder as shall be necessary to
prevent each of the Upper Tier REMIC and the Lower Tier REMIC
from failing to qualify as a REMIC and to prevent the imposition
of a tax on the Trust Fund or such REMICs established hereunder.
The Trustee, upon request, will furnish the Company with all such
information within its possession as may be reasonably required
in connection with the preparation of all tax returns of the
Trust Fund and any Reserve Fund, and shall, upon request, execute
such returns.
ARTICLE IX
TERMINATION
Section 9.01. Termination upon Repurchase by the Company or
Liquidation of All Mortgage Loans. Subject to Section 9.02, the
respective obligations and responsibilities of the Company and
the Trustee created hereby (other than the obligation of the
Trustee to make certain payments to Certificateholders after the
final Distribution Date and the obligation of the Trustee to send
certain notices as hereinafter set forth) shall terminate upon
the last action required to be taken by the Trustee on the final
Distribution Date pursuant to this Article IX following the
earlier of (a) the repurchase by the Company of all Mortgage
Loans and all REO Mortgage Loans remaining in the Trust Fund at a
price equal to the sum of (x) 100% of the unpaid principal
balance of each Mortgage Loan (other than any REO Mortgage Loans
described in the following clause) plus accrued and unpaid
interest thereon at the applicable Remittance Rate (less any
amounts constituting previously unreimbursed Monthly Advances) to
the first day of the month in which such purchase price is to be
distributed to Certificateholders and (y) the appraised value of
any REO Mortgage Loan (less the good faith estimate of the
Company of Liquidation Expenses to be incurred in connection with
its disposal thereof), such appraisal to be conducted by an
appraiser mutually agreed upon by the Company and the Trustee,
and (b) the later of the final payment or other liquidation (or
any Monthly Advance with respect thereto) of the last Mortgage
Loan remaining in the Trust Fund or the disposition of all
property acquired upon foreclosure or by deed in lieu of
foreclosure of any Mortgage Loan; provided, however, that in no
event shall the Trust Fund created hereby continue beyond the
expiration of 21 years from the death of the last survivor of the
descendants of Joseph P. Kennedy, the late ambassador of the
United States of America to the Court of St. James's, living on
the date of this Agreement. The right of the Company to
repurchase all Mortgage Loans pursuant to clause (a) above shall
be conditioned upon the aggregate of the Scheduled Principal
Balance of the Outstanding Mortgage
104
<PAGE>
Loans, at the time of any such repurchase, aggregating less than
10 percent of the aggregate of the Scheduled Principal Balance of
the Mortgage Loans as of the Cut-off Date.
Notice of any termination, specifying the Distribution
Date upon which the Certificateholders may surrender their
Certificates to the Trustee for payment of the final distribution
and cancellation, shall be given promptly by the Trustee by
letter to Certificateholders mailed not earlier than the 15th day
and not later than the 25th day of the month next preceding the
month of such final distribution specifying (A) the Distribution
Date upon which final payment of the Certificates will be made
upon presentation and surrender of the Certificates at the office
of the Trustee therein designated, (B) the amount of any such
final payment and (C) that the Record Date otherwise applicable
to such Distribution Date is not applicable, payments being made
only upon presentation and surrender of the Certificates at the
office of the Trustee therein specified. The Trustee shall give
such notice to the Certificate Registrar at the time such notice
is given to Certificateholders. In the event such notice is given
in connection with the exercise by the Company of its right of
repurchase, the Company shall deposit in the Certificate Account
not later than 11:00 a.m. on the Business Day prior to the final
Distribution Date in next-day funds an amount equal to the price
described above. Upon presentation and surrender of the
Certificates, the Trustee shall cause to be distributed to
Certificateholders an amount equal to the price calculated as
above provided, any such repurchase being in lieu of the
distribution otherwise required to be made on the Distribution
Date upon which the repurchase is effected. Upon certification to
the Trustee by a Servicing Officer following such final deposit,
the Trustee shall promptly release to the Company the Mortgage
Files for the repurchased Mortgage Loans.
On the final Distribution Date, the Trustee shall
distribute amounts on deposit in the Certificate Account in
accordance with the applicable priorities provided by Section
4.01. Distributions on each Certificate shall be made on the
final Distribution Date in the manner specified in Section 4.02
but only upon presentation and surrender of the Certificates.
In the event that all of the Certificateholders shall
not surrender their Certificates for cancellation within six
months after the date specified in the above-mentioned written
notice, the Trustee shall give a second written notice to the
remaining Certificateholders to surrender their Certificates for
cancellation and receive the final distribution with respect
thereto. If within one year after the second notice all the
Certificates shall not have been surrendered for cancellation,
the Trustee may take appropriate steps, or may appoint an agent
to take appropriate steps, to contact the remaining
Certificateholders concerning surrender of their Certificates,
and the cost thereof shall be paid out of the funds and other
assets which remain subject hereto.
Section 9.02. Additional Termination Requirements. (a) In
the event the Company exercises its purchase option as provided
in Section 9.01, the Trust Fund and each of the Upper Tier REMIC
and the Lower Tier REMIC established hereunder shall be
terminated in accordance with the following additional
requirements, unless the Trustee has been supplied with an
Opinion of Counsel to the effect that the failure to comply with
the requirements of this Section 9.02 will not (i) result in the
imposition of taxes on "prohibited transactions" of either of the
Upper Tier REMIC or the Lower Tier REMIC as defined in section
860F of the Code, or (ii)
105
<PAGE>
cause either of the Upper Tier REMIC or the Lower Tier REMIC to
fail to qualify as a REMIC at any time that any Certificates are
outstanding:
(i) Within 90 days prior to the final Distribution
Date set forth in the notice given by the Trustee under
Section 9.01, the Company shall prepare and the Trustee
shall execute and adopt a plan of complete liquidation for
each of the Upper Tier REMIC and the Lower Tier REMIC
within the meaning of section 860F(a)(4)(A)(i) of the Code,
which shall be evidenced by such notice; and
(ii) Within 90 days after the time of adoption of
such a plan of complete liquidation, the Trustee shall sell
all of the assets of the Trust Fund to the Company for cash
in accordance with Section 9.01.
(b) By their acceptance of the Residual Certificates,
the Holders thereof hereby authorize the Trustee to adopt such a
plan of complete liquidation which authorization shall be binding
on all successor Holders of the Residual Certificates.
(c) On the final federal income tax return for each of the
Upper Tier REMIC and the Lower Tier REMIC established hereunder,
the Trustee will attach a statement specifying the date of the
adoption of the plan of liquidation.
ARTICLE X
MISCELLANEOUS PROVISIONS
Section 10.01. Amendment. This Agreement may be amended
from time to time by the Company and the Trustee, without the
consent of any of the Certificateholders, to cure any ambiguity,
to correct or supplement any provisions herein or therein which
may be defective or inconsistent with any other provisions
herein, or to surrender any right or power herein conferred upon
the Company, or to add any other provisions with respect to
matters or questions arising under this Agreement, which shall
not be materially inconsistent with the provisions of this
Agreement; provided, however, that such action shall not, as
evidenced by an Opinion of Counsel, adversely affect in any
material respect the interests of any Certificateholder.
Notwithstanding the foregoing, without the consent of the
Certificateholders, the Trustee and the Company may at any time
and from time to time amend this Agreement to modify, eliminate
or add to any of its provisions to such extent as shall be
necessary or appropriate to maintain the qualification of each of
the Upper Tier REMIC and the Lower Tier REMIC as a REMIC under
the Code or to avoid or minimize the risk of the imposition of
any tax on the Trust Fund pursuant to the Code that would be a
claim against the Trust Fund at any time prior to the final
redemption of the Certificates, provided that the Trustee has
obtained an opinion of independent counsel (which opinion also
shall be addressed to the Company) to the effect that such action
is necessary or appropriate to maintain such qualification or to
avoid or minimize the risk of the imposition of such a tax.
106
<PAGE>
This Agreement may also be amended from time to time
by the Company and the Trustee with the consent of Holders of
Certificates evidencing (i) not less than 66% of the Voting
Rights of all the Certificates or (ii) Percentage Interests
aggregating not less than 66% of each Class affected by such
amendment, for the purpose of adding any provisions to or
changing in any manner or eliminating any of the provisions of
this Agreement, or of modifying in any manner the rights of the
Holders of Certificates; provided, however, that no such
amendment shall (a) reduce in any manner the amount of, or delay
the timing of, collections of payments on the Mortgage Loans or
distributions which are required to be made on any Certificate
without the consent of the Holder of such Certificate, (b)
adversely affect in any material respects the interests of the
Holders of any Class of Certificates in any manner other than as
described in (a), without the consent of the Holders of
Certificates evidencing Percentage Interests aggregating not less
than 66% of such Class, or (c) reduce the aforesaid percentages
of Certificates of any Class required to consent to any such
amendment, without the consent of the Holders of all Certificates
of such Class then outstanding. For purposes of this paragraph,
references to "Holder" or "Holders" shall be deemed to include,
in the case of any Class of Book-Entry Certificates, the related
Certificate Owners.
Notwithstanding any contrary provision of this
Agreement, the Trustee shall not consent to any amendment to this
Agreement unless it shall have first received an Opinion of
Counsel to the effect that such amendment will not subject the
Trust Fund to tax or cause either of the Upper Tier REMIC or the
Lower Tier REMIC to fail to qualify as a REMIC at any time that
any Certificates are outstanding.
Promptly after the execution of any such amendment or
consent the Trustee shall furnish written notification of the
substance of such amendment to each Certificateholder.
It shall not be necessary for the consent of
Certificateholders under this Section 10.01 to approve the
particular form of any proposed amendment, but it shall be
sufficient if such consent shall approve the substance thereof.
The manner of obtaining such consents and of evidencing the
authorization of the execution thereof by Certificateholders
shall be subject to such reasonable requirements as the Trustee
may prescribe.
Section 10.02. Recordation of Agreement. This Agreement is
subject to recordation in all appropriate public offices for real
property records in all the counties or other comparable
jurisdictions in which any or all of the properties subject to
the Mortgages are situated, and in any other appropriate public
recording office or elsewhere, such recordation to be effected by
the Company and at its expense on direction by the Trustee, but
only upon direction of the Trustee accompanied by an Opinion of
Counsel to the effect that such recordation materially and
beneficially affects the interests of Certificateholders.
For the purpose of facilitating the recordation of
this Agreement as herein provided and for other purposes, this
Agreement may be executed simultaneously in any number of
counterparts, each of which counterparts shall be deemed to be an
original, and such counterparts shall constitute but one and the
same instrument.
107
<PAGE>
Section 10.03. Limitation on Rights of Certificateholders.
The death or incapacity of any Certificateholder shall not
operate to terminate this Agreement or the Trust Fund, nor
entitle such Certificateholder's legal representatives or heirs
to claim an accounting or to take any action or commence any
proceeding in any court for a partition or winding up of the
Trust Fund, nor otherwise affect the rights, obligations and
liabilities of the parties hereto or any of them.
No Certificateholder shall have any right to vote
(except as provided in Section 10.01) or in any manner otherwise
control the operation and management of the Trust Fund, or the
obligations of the parties hereto, nor shall anything herein set
forth, or contained in the terms of the Certificates, be
construed so as to constitute the Certificateholders from time to
time as partners or members of an association; nor shall any
Certificateholder be under any liability to any third person by
reason of any action taken by the parties to this Agreement
pursuant to any provision hereof.
No Certificateholder shall have any right by virtue or
by availing itself of any provisions of this Agreement to
institute any suit, action or proceeding in equity or at law upon
or under or with respect to this Agreement, unless such Holder
previously shall have given to the Trustee a written notice of
default and of the continuance thereof, as hereinbefore provided,
and unless also the Holders of Certificates of each Class
affected thereby evidencing, as to each such Class, Percentage
Interests aggregating not less than 25% shall have made written
request upon the Trustee to institute such action, suit or
proceeding in its own name as Trustee hereunder and shall have
offered to the Trustee such reasonable indemnity as it may
require against the costs, expenses and liabilities to be
incurred therein or thereby, and the Trustee, for 60 days after
its receipt of such notice, request and offer of indemnity, shall
have neglected or refused to institute any such action, suit or
proceeding; it being understood and intended, and being expressly
covenanted by each Certificateholder with every other
Certificateholder and the Trustee, that no one or more Holders of
Certificates shall have any right in any manner whatever by
virtue or by availing itself or themselves of any provisions of
this Agreement to affect, disturb or prejudice the rights of the
Holders of any other of the Certificates, or to obtain or seek to
obtain priority over or preference to any other such Holder, or
to enforce any right under this Agreement, except in the manner
herein provided and for the equal, ratable and common benefit of
all Certificateholders. For the protection and enforcement of the
provisions of this Section 10.03, each and every
Certificateholder and the Trustee shall be entitled to such
relief as can be given either at law or in equity.
Section 10.04. Governing Law. THIS AGREEMENT SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK
AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.
Section 10.05. Notices. All demands, notices and
communications hereunder shall be in writing and shall be deemed
to have been duly given if personally delivered at or mailed by
certified mail, return receipt requested, (a) in the case of the
Company, to GE Capital Mortgage Services, Inc., 3 Executive
Campus, Cherry Hill, New Jersey 08002, Attention: General
Counsel, (b) in the case of the Trustee, to State Street Bank and
Trust Company, Corporate Trust Department, 225 Franklin Street,
Boston, Massachusetts 02110, (c) in the case of Fitch, to Fitch
108
<PAGE>
IBCA, Inc., One State Street Plaza, New York, New York 10004,
Attention: Structured Finance Surveillance, and (d) in the case
of S&P, Standard and Poor's Ratings Services, 26 Broadway, 16th
Floor, New York, New York 10007, Attention: Mortgage-Backed
Securities, or, as to each such Person, at such other address as
shall be designated by such Person in a written notice to each
other named Person. Any notice required or permitted to be mailed
to a Certificateholder shall be given by first class mail,
postage prepaid, at the address of such Holder as shown in the
Certificate Register. Any notice so mailed within the time
prescribed in this Agreement shall be conclusively presumed to
have been duly given, whether or not the Certificateholder
receives such notice.
Section 10.06. Notices to the Rating Agencies. The
Company shall deliver written notice of the following events to
each Rating Agency promptly following the occurrence thereof:
material amendment to this Agreement; any Event of Default; any
Trigger Event; change in or termination of the Trustee; removal
of the Company or any successor servicer as servicer; repurchase
or replacement of any Defective Mortgage Loan pursuant to Section
2.03; and final payment to Certificateholders. In addition, the
Company shall deliver copies of the following documents to each
Rating Agency at the time such documents are required to be
delivered pursuant to this Agreement: monthly statements to
Certificateholders pursuant to Section 4.05, annual report of
independent accountants pursuant to Section 3.13 and annual
servicer compliance report pursuant to Section 3.12.
Notwithstanding the foregoing, the failure to deliver such
notices or copies shall not constitute an Event of Default under
this Agreement.
Section 10.07. Severability of Provisions. If any one or
more of the covenants, agreements, provisions or terms of this
Agreement shall be for any reason whatsoever held invalid, then
to the extent permitted by law such covenants, agreements,
provisions or terms shall be deemed severable from the remaining
covenants, agreements, provisions or terms of this Agreement and
shall in no way affect the validity or enforceability of the
other provisions of this Agreement or of the Certificates or the
rights of the Holders thereof.
Section 10.08. Certificates Nonassessable and Fully Paid.
It is the intention of the Trustee that Certificateholders shall
not be personally liable for obligations of the Trust Fund, that
the beneficial ownership interests represented by the
Certificates shall be nonassessable for any losses or expenses of
the Trust Fund or for any reason whatsoever, and that
Certificates upon execution, countersignature and delivery
thereof by the Trustee are and shall be deemed fully paid.
* * *
109
<PAGE>
IN WITNESS WHEREOF, the Company and the Trustee have
caused this Agreement to be duly executed by their respective
officers and their respective seals, duly attested, to be
hereunto affixed, all as of the day and year first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
[SEAL]
Attest:
By:____________________________
Name:
Title:
STATE STREET BANK AND
TRUST COMPANY,
as Trustee
By:_______________________________
Name:
Title:
[SEAL]
Attest:
By:____________________________
Name:
Title:
<PAGE>
State of New Jersey )
) ss.:
County of Camden )
On the day of May, 1998 before me, a notary public
in and for the State of New Jersey, personally appeared
_______________________, known to me who, being by me duly sworn,
did depose and say that he/she resides at________________________
___________________________________; that he/she is a(n)
_________________________ of GE Capital Mortgage Services, Inc.,
a corporation formed under the laws of the State of New Jersey,
one of the parties that executed the foregoing instrument; that
he/she knows the seal of said corporation; that the seal affixed
to said instrument is such corporate seal; that it was so affixed
by order of the Board of Directors of said corporation; and that
he/she signed his/her name thereto by like order.
__________________________________
Notary Public
[Notarial Seal]
<PAGE>
The Commonwealth of Massachusetts )
) ss.:
County of Suffolk )
On the day of May, 1998 before me, a notary public
in and for the Commonwealth of Massachusetts, personally appeared
____________________, known to me who, being by me duly sworn,
did depose and say that he/she resides at __________________
_____________________________________________________________;
that he/she is a(n) __________________________________ of State
Street Bank and Trust Company, one of the parties that executed
the foregoing instrument; that he/she knows the seal of said
Bank; that the seal affixed to said instrument is such corporate
seal; that it was so affixed by order of the Board of Directors
of said Bank; and that he/she signed his/her name thereto by
order of the Board of Directors of said Bank.
__________________________________
Notary Public
[Notarial Seal]
<PAGE>
EXHIBIT A
FORMS OF CERTIFICATES
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class A1 Certificate
Principal Balance:
Class A1 $48,871,886
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP: 36158GCS5
June 25, 1998
2
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A1 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
3
<PAGE>
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-9, issued in twenty-eight Classes
(Class A1, Class A2, Class A3, Class A4, Class A5, Class A6,
Class A7, Class A8, Class A9, Class A10, Class A11, Class A12,
Class A13, Class A14, Class A15, Class A16, Class A17, Class A18,
Class A19, Class R, Class RL, Class PO, Class M, Class B1, Class
B2, Class B3, Class B4 and Class B5, herein called the
"Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
4
<PAGE>
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R or Class RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R or Class RL Certificate or
(y) is an insurance company investing assets of its general
5
<PAGE>
account and the Exemption applies to such transferee's
acquisition and holding of any such Class R or Class RL
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
6
<PAGE>
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
7
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:____________________________
Name:
Title:
Countersigned:
By____________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:________________________
8
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:----------------------
- -------------------------------------
Signature by or on behalf of assignor
- ----------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
9
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
10
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class A2 Certificate
Principal Balance:
Class A2 $54,638,720
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP: 36158GCT3
June 25, 1998
11
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A2 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
12
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
13
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class A3 Certificate
Principal Balance:
Class A3 $203,020,714
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP: 36158GCU0
June 25, 1998
14
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A3 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
15
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
16
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class A4 Certificate
Principal Balance:
Class A4 $7,889,139
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP: 36158GCV8
June 25, 1998
17
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A4 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
18
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
19
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class A5 Certificate
Principal Balance:
Class A5 $18,949,394
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP: 36158GCW6
June 25, 1998
20
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A5 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
21
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
22
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class A6 Certificate
Principal Balance:
Class A6 $14,087,291
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP: 36158GCX4
June 25, 1998
23
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A6 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
24
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
25
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class A7 Certificate
Principal Balance:
Class A7 $4,986,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP: 36158GCY2
June 25, 1998
26
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A7 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
27
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
28
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class A8 Certificate
Principal Balance:
Class A8 $51,175,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP: 36158GCZ9
June 25, 1998
29
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A8 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
30
<PAGE>
PRINCIPAL WILL NOT BE DISTRIBUTABLE IN RESPECT OF THIS
CERTIFICATE. INTEREST IS CALCULATED ON THIS CERTIFICATE BASED ON
THE NOTIONAL PRINCIPAL BALANCE HEREOF, WHICH IS EQUAL TO THE
CLASS CERTIFICATE PRINCIPAL BALANCES OF OTHER CLASSES OF
CERTIFICATES. ACCORDINGLY, THE NOTIONAL PRINCIPAL BALANCE OF THIS
CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL
PRINCIPAL BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF GE
CAPITAL MORTGAGE SERVICES, INC. OR THE TRUSTEE (AS DEFINED
HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED). THE FOLLOWING
INFORMATION IS PROVIDED SOLELY FOR THE PURPOSES OF APPLYING THE
U.S. FEDERAL INCOME TAX ORIGINAL ISSUE DISCOUNT ("OID") RULES TO
THIS CERTIFICATE. THE DATE OF ISSUE OF THIS CERTIFICATE IS MAY
28, 1998. THE INITIAL PER ANNUM RATE OF INTEREST ON THIS
CERTIFICATE IS 6.75%. ASSUMING THAT PRINCIPAL PREPAYMENTS ARE
MADE ON THE MORTGAGE LOANS (AS DEFINED HEREIN) UNDERLYING THE
CERTIFICATES AT A RATE OF 250% OF THE PREPAYMENT ASSUMPTION (AS
DEFINED IN THE PROSPECTUS COVERING THE INITIAL OFFERING OF THE
CERTIFICATES), THIS CERTIFICATE HAS BEEN ISSUED WITH NO MORE THAN
$ OF OID PER $1,000 OF INITIAL CERTIFICATE PRINCIPAL BALANCE, THE
YIELD TO MATURITY IS % AND THE AMOUNT OF OID ATTRIBUTABLE TO THE
INITIAL SHORT ACCRUAL PERIOD IS NO MORE THAN $ PER $1,000 OF
INITIAL CERTIFICATE PRINCIPAL BALANCE, COMPUTED UNDER THE EXACT
METHOD. NO REPRESENTATION IS MADE AS TO THE RATE AT WHICH
PRINCIPAL PAYMENTS WILL BE MADE ON THE MORTGAGE LOANS.
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
31
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class A9 Notional
Principal Balance:
Class A9 $5,055,948
Certificate Interest Initial Notional Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP: 36158GDA3
June 25, 1998
32
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Notional
Principal Balance of this Certificate by the aggregate initial
Notional Principal Balance of all Class A9 Certificates, both as
specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
33
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
34
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class A10 Certificate
Principal Balance:
Class A10 $164,000,383
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP: 36158GDB1
June 25, 1998
35
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A10 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
36
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
37
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class A11 Certificate
Principal Balance:
Class A11 $20,252,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP: 36158GDC9
June 25, 1998
38
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A11 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
39
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
40
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class A12 Certificate
Principal Balance:
Class A12 $22,880,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP: 36158GDD7
June 25, 1998
41
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A12 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
42
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
43
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class A13 Certificate
Principal Balance:
Class A13 $23,196,750
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP: 36158GDE5
June 25, 1998
44
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A13 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
45
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
46
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class A14 Certificate
Principal Balance:
Class A14 $5,000,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP: 36158GDF2
June 25, 1998
47
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A14 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
48
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
49
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class A15 Certificate
Principal Balance:
Class A15 $33,000,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP: 36158GDG0
June 25, 1998
50
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A15 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
51
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
52
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class A16 Certificate
Principal Balance:
Class A16 $3,652,261
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP: 36158GDH8
June 25, 1998
53
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A16 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
54
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
55
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class A17 Certificate
Principal Balance:
Class A17 $22,394,100
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP: 36158GDJ4
June 25, 1998
56
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A17 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
57
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
58
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class A18 Certificate
Principal Balance:
Class A18 $9,880,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP: 36158GDK1
June 25, 1998
59
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A18 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
60
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
61
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class A19 Certificate
Principal Balance:
Class A19 $12,872,248
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP: 36158GDL9
June 25, 1998
62
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A19 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
63
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS THE
"RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN
SECTIONS 860G(a)(2) AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE"). A TRANSFEREE OF THIS CERTIFICATE,
BY ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE
SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY AS SET FORTH
IN THE AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT
TO THE TRANSFEROR AND THE TRUSTEE TO THE EFFECT THAT IT IS NOT A
DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN CODE
SECTION 860E(e)(5), AN AGENT (INCLUDING A BROKER, NOMINEE OR
OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION, OR AN ENTITY
THAT HOLDS REMIC RESIDUAL SECURITIES AS NOMINEE TO FACILITATE THE
CLEARANCE AND SETTLEMENT OF SUCH SECURITIES THROUGH BOOK-ENTRY
CHANGES IN ACCOUNTS OF PARTICIPATING ORGANIZATIONS (A "BOOK-ENTRY
NOMINEE") AND TO HAVE AGREED TO SUCH AMENDMENTS TO THE AGREEMENT
AS MAY BE REQUIRED TO FURTHER EFFECTUATE THE RESTRICTIONS ON
TRANSFERS TO DISQUALIFIED ORGANIZATIONS, AGENTS THEREOF OR BOOK-
ENTRY NOMINEES.
THE HOLDER OF THIS CLASS R CERTIFICATE, BY ACCEPTANCE HEREOF, IS
DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY (AS DEFINED
HEREIN) AS ITS AGENT AND ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS
PERSON" OF THE UPPER-TIER REMIC TO PERFORM THE FUNCTIONS OF A
"TAX MATTERS PARTNER" FOR PURPOSES OF SUBCHAPTER C OF CHAPTER 63
OF SUBTITLE F OF THE CODE, WITH RESPECT TO THE TRUST FUND.
64
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
DISQUALIFIED ORGANIZATION, BOOK-ENTRY NOMINEE OR NON-PERMITTED
FOREIGN HOLDER, AS DEFINED IN THE AGREEMENT OR TO ANY EMPLOYEE
BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION
4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN
TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class R Certificate
Principal Balance:
Class R $100
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP: 36158GDQ8
June 25, 1998
65
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class R Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
66
<PAGE>
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-9, issued in twenty-eight Classes
(Class A1, Class A2, Class A3, Class A4, Class A5, Class A6,
Class A7, Class A8, Class A9, Class A10, Class A11, Class A12,
Class A13, Class A14, Class A15, Class A16, Class A17, Class A18,
Class A19, Class R, Class RL, Class PO, Class M, Class B1, Class
B2, Class B3, Class B4 and Class B5, herein called the
"Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
67
<PAGE>
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R or Class RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R or Class RL Certificate or
(y) is an insurance company investing assets of its general
68
<PAGE>
account and the Exemption applies to such transferee's
acquisition and holding of any such Class R or Class RL
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
69
<PAGE>
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
70
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_______________________
Name:
Title:
Countersigned:
By________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:____________________
71
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:--------------------
- -------------------------------------
Signature by or on behalf of assignor
- --------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
72
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS THE
"RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN
SECTIONS 860G(a)(2) AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE"). A TRANSFEREE OF THIS CERTIFICATE,
BY ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE
SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY AS SET FORTH
IN THE AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT
TO THE TRANSFEROR AND THE TRUSTEE TO THE EFFECT THAT IT IS NOT A
DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN CODE
SECTION 860E(e)(5), AN AGENT (INCLUDING A BROKER, NOMINEE OR
OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION, OR AN ENTITY
THAT HOLDS REMIC RESIDUAL SECURITIES AS NOMINEE TO FACILITATE THE
CLEARANCE AND SETTLEMENT OF SUCH SECURITIES THROUGH BOOK-ENTRY
CHANGES IN ACCOUNTS OF PARTICIPATING ORGANIZATIONS (A "BOOK-ENTRY
NOMINEE") AND TO HAVE AGREED TO SUCH AMENDMENTS TO THE AGREEMENT
AS MAY BE REQUIRED TO FURTHER EFFECTUATE THE RESTRICTIONS ON
TRANSFERS TO DISQUALIFIED ORGANIZATIONS, AGENTS THEREOF OR BOOK-
ENTRY NOMINEES.
THE HOLDER OF THIS CLASS RL CERTIFICATE, BY ACCEPTANCE HEREOF, IS
DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY (AS DEFINED
HEREIN) AS ITS AGENT AND ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS
PERSON" OF THE LOWER-TIER REMIC TO PERFORM THE FUNCTIONS OF A
"TAX MATTERS PARTNER" FOR PURPOSES OF SUBCHAPTER C OF CHAPTER 63
OF SUBTITLE F OF THE CODE, WITH RESPECT TO THE TRUST FUND.
73
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
DISQUALIFIED ORGANIZATION, BOOK-ENTRY NOMINEE OR NON-PERMITTED
FOREIGN HOLDER, AS DEFINED IN THE AGREEMENT OR TO ANY EMPLOYEE
BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION
4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN
TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class RL Certificate
Principal Balance:
Class RL $100
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP: 36158GDR6
June 25, 1998
74
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class RL Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
75
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE "SECURITIES ACT"). ANY RESALE OR
TRANSFER OF THIS CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER
THE SECURITIES ACT MAY ONLY BE MADE IN A TRANSACTION EXEMPT FROM
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN
ACCORDANCE WITH SECTION 5.02 OF THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
76
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class PO Certificate
Principal Balance:
Class PO $817,032.50
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing
Cut-off Date:
May 1, 1998
First Distribution Date:
June 25, 1998
77
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class PO Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
78
<PAGE>
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-9, issued in twenty-eight Classes
(Class A1, Class A2, Class A3, Class A4, Class A5, Class A6,
Class A7, Class A8, Class A9, Class A10, Class A11, Class A12,
Class A13, Class A14, Class A15, Class A16, Class A17, Class A18,
Class A19, Class R, Class RL, Class PO, Class M, Class B1, Class
B2, Class B3, Class B4 and Class B5, herein called the
"Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
79
<PAGE>
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Class
Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the
"Exemption") applies to such transferee's acquisition and holding
of such Certificate, or (ii) an opinion of counsel satisfactory
to the Trustee, which opinion shall not be an expense of the
Trustee or the Company, to the effect that the purchase and
holding of such Certificate will not constitute or result in the
assets of the Trust Fund being deemed to be "plan assets" and
subject to the prohibited transaction provisions of ERISA or
Section 4975 and will not subject the Trustee or the Company to
any obligation in addition to those undertaken in the Agreement;
provided, however, that the Trustee will not require such
certificate or opinion in the event that, as a result of a change
of law or otherwise, counsel satisfactory to the Trustee has
rendered an opinion to the effect that the purchase and holding
of a Class M, Class B1, Class B2, Class B3, Class B4 or Class B5
Certificate by a Plan or a Person that is purchasing or holding
such Certificate with the assets of a Plan will not constitute or
result in a prohibited transaction under ERISA or Section 4975.
No transfer of any Class R or Class RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R or Class RL Certificate or
(y) is an insurance company investing assets of its general
80
<PAGE>
account and the Exemption applies to such transferee's
acquisition and holding of any such Class R or Class RL
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
81
<PAGE>
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
82
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:___________________________
Name:
Title:
Countersigned:
By________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:____________________
83
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:-------------------
- -------------------------------------
Signature by or on behalf of assignor
- -------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
84
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
85
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class M Certificate
Principal Balance:
Class M $13,905,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP: 36158GDM7
June 25, 1998
86
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class M Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
87
<PAGE>
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-9, issued in twenty-eight Classes
(Class A1, Class A2, Class A3, Class A4, Class A5, Class A6,
Class A7, Class A8, Class A9, Class A10, Class A11, Class A12,
Class A13, Class A14, Class A15, Class A16, Class A17, Class A18,
Class A19, Class R, Class RL, Class PO, Class M, Class B1, Class
B2, Class B3, Class B4 and Class B5, herein called the
"Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
88
<PAGE>
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R or Class RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R or Class RL Certificate or
(y) is an insurance company investing assets of its general
89
<PAGE>
account and the Exemption applies to such transferee's
acquisition and holding of any such Class R or Class RL
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
90
<PAGE>
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
91
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:________________________
Name:
Title:
Countersigned:
By_______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:___________________
92
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:-------------------
- -------------------------------------
Signature by or on behalf of assignor
- -------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
93
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
94
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class B1 Certificate
Principal Balance:
Class B1 $6,013,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP: 36158GDN5
June 25, 1998
95
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B1 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
96
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
97
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class B2 Certificate
Principal Balance:
Class B2 $3,382,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP: 36158GDP0
June 25, 1998
98
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B2 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
99
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
100
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class B3 Certificate
Principal Balance:
Class B3 $3,007,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36158GDS4
June 25, 1998
101
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B3 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
102
<PAGE>
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-9, issued in twenty-eight Classes
(Class A1, Class A2, Class A3, Class A4, Class A5, Class A6,
Class A7, Class A8, Class A9, Class A10, Class A11, Class A12,
Class A13, Class A14, Class A15, Class A16, Class A17, Class A18,
Class A19, Class R, Class RL, Class PO, Class M, Class B1, Class
B2, Class B3, Class B4 and Class B5, herein called the
"Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
103
<PAGE>
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R or Class RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R or Class RL Certificate or
(y) is an insurance company investing assets of its general
account and the Exemption applies to such transferee's
104
<PAGE>
acquisition and holding of any such Class R or Class RL
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
105
<PAGE>
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
106
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:________________________
Name:
Title:
Countersigned:
By_______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:___________________
107
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:----------------------
- ----------------------------------------
Signature by or on behalf of assignor
- ----------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
108
<PAGE>
In connection with any transfer of this Certificate,
the undersigned registered holder hereof confirms that without
utilizing any general solicitation or general advertising:
(Check One) -
|_| (a) This Certificate is being transferred by the
undersigned to a person whom the undersigned
reasonably believes is a "qualified
institutional buyer" (as defined in Rule 144A
under the Securities Act of 1933, as amended)
pursuant to the exemption from registration
under the Securities Act of 1933, as amended,
provided by Rule 144A thereunder.
|_| (b) This Certificate is being transferred by the
undersigned to an institutional "accredited
investor" (as defined in Rule 501(a)(1), (2),
(3) or (7) of Regulation D under the
Securities Act of 1933, as amended) and that
the undersigned has been advised by the
prospective purchaser that it intends to hold
this Certificate for investment and not for
distribution or resale.
Dated
- -------------------------
(Signature)
If none of the foregoing boxes is checked, the Trustee shall not
be obligated to register this Certificate in the name of any
person other than the registered holder thereof unless and until
the conditions to any such transfer of registration set forth
herein, and in the Pooling and Servicing Agreement have been
satisfied.
TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
a "qualified institutional buyer" (as defined in Rule 144A under
the Securities Act of 1933, as amended) and acknowledges that it
has received such information as the undersigned has requested
109
<PAGE>
pursuant to Rule 144A or has determined not to request such
information and that it is aware that the registered holder is
relying upon the undersigned's foregoing representations in order
to claim the exemption from registration provided by Rule 144A,
and (ii) the undersigned (x) is not an employee benefit plan
subject to the Employee Retirement Income Security Act of 1974,
as amended, or a plan subject to Section 4975 of the Internal
Revenue Code of 1986, as amended, and is not using the assets of
any such employee benefit or other plan to acquire this
Certificate or (y) is an insurance company investing assets of
its general account and the exemptions provided by Section III(a)
of Department of Labor Prohibited Transaction Exemption 95-60, 60
Fed. Reg. 35925 (July 12, 1995), apply to the acquisition and
holding by the undersigned of this Certificate.
Dated
- ---------------------------
(Signature)
TO BE COMPLETED BY PURCHASER IF (b) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
an institutional "accredited investor" (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D under the Securities
Act of 1933, as amended), and (ii) the undersigned (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended, or a plan subject to Section
4975 of the Internal Revenue Code of 1986, as amended, and is not
using the assets of any such employee benefit or other plan to
acquire this Certificate or (y) is an insurance company investing
assets of its general account and the exemptions provided by
Section III(a) of Department of Labor Prohibited Transaction
Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995), apply to the
acquisition and holding by the undersigned of this Certificate.
Dated
- ---------------------------
(Signature)
110
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
111
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class B4 Certificate
Principal Balance:
Class B4 $1,503,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36158GDT2
June 25, 1998
112
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B4 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
113
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
114
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-9
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class B5 Certificate
Principal Balance:
Class B5 $2,255,130.89
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36158GDU9
June 25, 1998
115
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B5 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
116
<PAGE>
EXHIBIT B
PRINCIPAL BALANCE SCHEDULES
APPENDIX A
PAC BALANCES TABLE
The PAC Balances set forth in the table below were
calculated on the basis of the Class Certificate Principal
Balances of the PAC Certificates set forth on the cover hereof,
and the other assumptions described in 'Yield and Weighted
Average Life Considerations--Weighted Average Lives of the
Certificates--PAC Certificates' herein. If such Class Certificate
Principal Balances are increased or decreased in accordance with
the variance permitted hereby, the applicable balances set forth
in the table below will be increased or decreased substantially
correspondingly. In such event, the final PAC Balances Table will
be calculated on or about the Closing Date on the basis of such
revised Class Certificate Principal Balances and on the basis of
(1) the applicable Structuring Range of the PAC Certificates,
(2) the assumptions set forth in clauses (i), (iv) through
(viii), (x) and (xi) of the Modeling Assumptions and (3) the
characteristics of the Mortgage Loans included in the Mortgage
Pool on the Closing Date. The final PAC Balances Table will be
set forth in the Agreement, which will be filed as an exhibit to
the Detailed Description.
PAC Balances
--------------------------------------------------
Distribution Date Class A1 Class A2 Class A15
- -------------------- -------------- -------------- --------------
Initial Balance..... $48,871,886.00 $54,638,720.00 $33,000,000.00
June 1998........... 48,871,886.00 54,638,720.00 33,000,000.00
July 1998........... 48,871,886.00 54,638,720.00 33,000,000.00
August 1998......... 48,871,886.00 54,638,720.00 33,000,000.00
September 1998...... 48,871,886.00 54,638,720.00 33,000,000.00
October 1998........ 48,871,886.00 54,638,720.00 33,000,000.00
November 1998....... 48,871,886.00 54,638,720.00 33,000,000.00
December 1998....... 48,871,886.00 54,638,720.00 33,000,000.00
January 1999........ 48,871,886.00 54,638,720.00 33,000,000.00
February 1999....... 48,871,886.00 54,638,720.00 33,000,000.00
March 1999.......... 48,871,886.00 54,638,720.00 33,000,000.00
April 1999.......... 48,871,886.00 54,638,720.00 33,000,000.00
May 1999............ 48,871,886.00 54,638,720.00 33,000,000.00
June 1999........... 48,871,886.00 54,638,720.00 33,000,000.00
July 1999........... 48,871,886.00 54,638,720.00 33,000,000.00
August 1999......... 48,871,886.00 54,638,720.00 33,000,000.00
September 1999...... 48,871,886.00 54,638,720.00 33,000,000.00
October 1999........ 48,871,886.00 54,638,720.00 33,000,000.00
November 1999....... 46,866,528.39 54,638,720.00 33,000,000.00
December 1999....... 44,783,579.81 54,638,720.00 33,000,000.00
January 2000........ 42,623,936.13 54,638,720.00 33,000,000.00
February 2000....... 40,388,557.66 54,638,720.00 33,000,000.00
March 2000.......... 38,078,447.22 54,638,720.00 33,000,000.00
April 2000.......... 35,694,759.89 54,638,720.00 33,000,000.00
May 2000............ 33,238,682.87 54,638,720.00 33,000,000.00
June 2000........... 30,711,577.99 54,638,720.00 33,000,000.00
July 2000........... 28,114,862.20 54,638,720.00 33,000,000.00
August 2000......... 25,450,922.19 54,638,720.00 33,000,000.00
September 2000...... 22,726,146.58 54,638,720.00 33,000,000.00
October 2000........ 19,965,137.97 54,638,720.00 33,000,000.00
November 2000....... 17,211,187.37 54,638,720.00 33,000,000.00
December 2000....... 14,471,189.22 54,638,720.00 33,000,000.00
January 2001........ 11,745,072.65 54,638,720.00 33,000,000.00
February 2001....... 9,032,767.17 54,638,720.00 33,000,000.00
March 2001.......... 6,334,202.63 54,638,720.00 33,000,000.00
April 2001.......... 3,649,309.28 54,638,720.00 33,000,000.00
May 2001............ 978,017.72 54,638,720.00 33,000,000.00
June 2001........... 0.00 54,638,720.00 31,320,258.92
<PAGE>
PAC Balances
--------------------------------------------------
Distribution Date Class A1 Class A2 Class A15
- -------------------- -------------- -------------- --------------
July 2001........... $ 0.00 $54,638,720.00 $28,675,964.20
August 2001......... 0.00 54,638,720.00 26,045,065.26
September 2001...... 0.00 54,638,720.00 23,427,494.15
October 2001........ 0.00 54,638,720.00 20,823,183.28
November 2001....... 0.00 54,638,720.00 18,232,065.42
December 2001....... 0.00 54,638,720.00 15,654,073.67
January 2002........ 0.00 54,638,720.00 13,089,141.52
February 2002....... 0.00 54,638,720.00 10,537,202.78
March 2002.......... 0.00 54,638,720.00 7,998,191.63
April 2002.......... 0.00 54,638,720.00 5,472,042.58
May 2002............ 0.00 54,638,720.00 2,958,690.49
June 2002........... 0.00 54,638,720.00 458,070.57
July 2002........... 0.00 52,608,838.36 0.00
August 2002......... 0.00 50,133,489.76 0.00
September 2002...... 0.00 47,670,680.99 0.00
October 2002........ 0.00 45,220,348.61 0.00
November 2002....... 0.00 42,782,429.52 0.00
December 2002....... 0.00 40,356,860.95 0.00
January 2003........ 0.00 37,943,580.47 0.00
February 2003....... 0.00 35,542,525.96 0.00
March 2003.......... 0.00 33,153,635.65 0.00
April 2003.......... 0.00 30,776,848.08 0.00
May 2003............ 0.00 28,412,102.14 0.00
June 2003........... 0.00 26,353,136.42 0.00
July 2003........... 0.00 24,306,099.18 0.00
August 2003......... 0.00 22,270,932.09 0.00
September 2003...... 0.00 20,247,577.17 0.00
October 2003........ 0.00 18,247,287.49 0.00
November 2003....... 0.00 16,304,947.14 0.00
December 2003....... 0.00 14,419,135.98 0.00
January 2004........ 0.00 12,588,467.10 0.00
February 2004....... 0.00 10,811,586.05 0.00
March 2004.......... 0.00 9,087,170.08 0.00
April 2004.......... 0.00 7,413,927.44 0.00
May 2004............ 0.00 5,790,596.63 0.00
June 2004........... 0.00 4,391,840.62 0.00
July 2004........... 0.00 3,037,315.07 0.00
August 2004......... 0.00 1,725,885.18 0.00
September 2004...... 0.00 456,443.28 0.00
October 2004........ 0.00 0.00 0.00
<PAGE>
APPENDIX B
TAC BALANCES TABLE
The TAC Balances set forth in the table below were
calculated on the basis of the Class Certificate Principal
Balance of the TAC Certificates set forth on the cover hereof and
the initial Component Principal Balance of the Class A4A TAC
Component set forth under 'Description of the
Certificates--Distributions on the Certificates' herein and a
constant prepayment rate of 250% of the Prepayment Assumption. If
such Class Certificate Principal Balance and Component Principal
Balance are increased or decreased in accordance with the
variance permitted hereby, the applicable balances set forth in
the table below will be increased or decreased substantially
correspondingly. In such event, the final TAC Balances Table will
be calculated on or about the Closing Date on the basis of such
revised Class Certificate Principal Balance and revised Component
Principal Balance and on the basis of (1) the characteristics of
the Mortgage Loans included in the Mortgage Pool, and (2) the
assumptions set forth in clauses (i), (iv) through (viii),
(x) and (xi) of the Modeling Assumptions. The final TAC Balances
Table will be set forth in the Agreement, which will be filed as
an exhibit to the Detailed Description.
TAC Balances
--------------------------------
Class A4A
Distribution Date Class A3 TAC Component
- ------------------- --------------- -------------
Initial Balance.... $203,020,714.29 $7,519,285.71
June 1998.......... 202,221,917.24 7,489,700.63
July 1998.......... 201,234,058.86 7,453,113.29
August 1998........ 200,057,441.56 7,409,534.87
September 1998..... 198,692,607.76 7,358,985.47
October 1998....... 197,140,340.85 7,301,494.10
November 1998...... 195,401,665.56 7,237,098.72
December 1998...... 193,477,847.79 7,165,846.21
January 1999....... 191,370,394.09 7,087,792.37
February 1999...... 189,081,050.44 7,003,001.86
March 1999......... 186,611,800.63 6,911,548.17
April 1999......... 183,964,864.12 6,813,513.48
May 1999........... 181,142,693.33 6,708,988.64
June 1999.......... 178,147,970.46 6,598,072.98
July 1999.......... 174,983,603.77 6,480,874.21
August 1999........ 171,652,723.38 6,357,508.27
September 1999..... 168,158,676.57 6,228,099.13
October 1999....... 164,505,022.53 6,092,778.61
November 1999...... 162,469,591.89 6,017,392.29
December 1999...... 160,350,987.77 5,938,925.47
January 2000....... 158,152,574.35 5,857,502.75
February 2000...... 155,877,900.12 5,773,255.56
March 2000......... 153,530,662.29 5,686,320.82
April 2000......... 151,114,840.33 5,596,845.93
May 2000........... 148,634,529.76 5,504,982.58
June 2000.......... 146,094,116.30 5,410,893.19
July 2000.......... 143,498,109.61 5,314,744.80
August 2000........ 140,852,290.79 5,216,751.51
September 2000..... 138,167,482.89 5,117,314.18
October 2000....... 135,477,254.21 5,017,676.08
November 2000...... 132,837,604.18 4,919,911.26
December 2000...... 130,256,701.35 4,824,322.27
January 2001....... 127,733,635.81 4,730,875.40
February 2001...... 125,267,510.59 4,639,537.43
March 2001......... 122,857,441.41 4,550,275.61
April 2001......... 120,502,556.55 4,463,057.65
May 2001........... 118,201,996.68 4,377,851.73
June 2001.......... 115,954,914.65 4,294,626.47
July 2001.......... 113,760,475.38 4,213,350.94
August 2001........ 111,617,855.64 4,133,994.65
September 2001..... 109,526,243.93 4,056,527.55
October 2001....... 107,484,840.28 3,980,920.01
November 2001...... 105,492,856.13 3,907,142.82
December 2001...... 103,549,514.13 3,835,167.19
January 2002....... 101,654,048.04 3,764,964.74
February 2002...... 99,805,702.52 3,696,507.50
<PAGE>
TAC Balances
--------------------------------
Class A4A
Distribution Date Class A3 TAC Component
- ------------------- --------------- -------------
March 2002......... $ 98,003,733.02 $3,629,767.89
April 2002......... 96,247,405.61 3,564,718.72
May 2002........... 94,535,996.85 3,501,333.21
June 2002.......... 92,868,793.63 3,439,584.95
July 2002.......... 91,245,093.04 3,379,447.89
August 2002........ 89,664,202.22 3,320,896.38
September 2002..... 88,125,438.23 3,263,905.12
October 2002....... 86,628,127.90 3,208,449.18
November 2002...... 85,171,607.72 3,154,503.99
December 2002...... 83,755,223.68 3,102,045.32
January 2003....... 82,378,331.14 3,051,049.30
February 2003...... 81,040,294.73 3,001,492.40
March 2003......... 79,740,488.19 2,953,351.41
April 2003......... 78,478,294.26 2,906,603.49
May 2003........... 77,253,104.56 2,861,226.09
June 2003.......... 76,318,520.07 2,826,611.85
July 2003.......... 75,417,716.33 2,793,248.75
August 2003........ 74,550,116.64 2,761,115.43
September 2003..... 73,715,152.68 2,730,190.84
October 2003....... 72,902,258.13 2,700,083.63
November 2003...... 72,079,969.65 2,669,628.50
December 2003...... 71,248,949.14 2,638,849.97
January 2004....... 70,409,837.30 2,607,771.75
February 2004...... 69,563,254.19 2,576,416.82
March 2004......... 68,709,799.78 2,544,807.40
April 2004......... 67,850,054.45 2,512,964.98
May 2004........... 66,984,579.58 2,480,910.35
June 2004.......... 66,087,026.27 2,447,667.64
July 2004.......... 65,186,131.49 2,414,301.16
August 2004........ 64,282,377.41 2,380,828.79
September 2004..... 63,376,229.48 2,347,267.76
October 2004....... 61,785,096.02 2,288,336.89
November 2004...... 59,823,908.01 2,215,700.30
December 2004...... 57,895,970.53 2,144,295.20
January 2005....... 56,000,797.20 2,074,103.60
February 2005...... 54,137,908.39 2,005,107.72
March 2005......... 52,306,831.16 1,937,290.04
April 2005......... 50,507,099.20 1,870,633.30
May 2005........... 48,738,252.67 1,805,120.47
June 2005.......... 47,237,161.33 1,749,524.49
July 2005.......... 45,762,178.73 1,694,895.51
August 2005........ 44,312,904.18 1,641,218.67
September 2005..... 42,888,942.80 1,588,479.36
October 2005....... 41,489,905.41 1,536,663.16
November 2005...... 40,115,408.44 1,485,755.87
December 2005...... 38,765,073.89 1,435,743.48
January 2006....... 37,438,529.21 1,386,612.19
February 2006...... 36,135,407.26 1,338,348.42
March 2006......... 34,855,346.20 1,290,938.75
April 2006......... 33,597,989.45 1,244,369.98
May 2006........... 32,362,985.57 1,198,629.09
June 2006.......... 31,361,442.09 1,161,534.89
July 2006.......... 30,376,915.63 1,125,070.95
August 2006........ 29,409,139.18 1,089,227.38
September 2006..... 28,646,645.39 1,060,986.87
October 2006....... 27,951,435.30 1,035,238.34
November 2006...... 27,268,100.80 1,009,929.66
December 2006...... 26,596,454.98 985,053.89
January 2007....... 25,936,313.74 960,604.21
February 2007...... 25,287,495.72 936,573.92
March 2007......... 24,649,822.29 912,956.38
April 2007......... 24,023,117.49 889,745.09
May 2007........... 23,407,207.99 866,933.63
June 2007.......... 22,937,269.30 849,528.49
July 2007.......... 22,474,043.00 832,371.96
<PAGE>
TAC Balances
--------------------------------
Class A4A
Distribution Date Class A3 TAC Component
- ------------------- --------------- -------------
August 2007........ $ 22,017,435.91 $ 815,460.59
September 2007..... 21,567,356.12 798,790.97
October 2007....... 21,123,712.98 782,359.74
November 2007...... 20,686,417.08 766,163.60
December 2007...... 20,255,380.25 750,199.27
January 2008....... 19,830,515.49 734,463.54
February 2008...... 19,411,737.03 718,953.22
March 2008......... 18,998,960.26 703,665.19
April 2008......... 18,592,101.71 688,596.36
May 2008........... 18,191,079.08 673,743.67
June 2008.......... 17,795,811.19 659,104.12
July 2008.......... 17,406,217.95 644,674.74
August 2008........ 17,022,220.40 630,452.61
September 2008..... 16,643,740.65 616,434.84
October 2008....... 16,270,701.86 602,618.59
November 2008...... 15,903,028.26 589,001.05
December 2008...... 15,540,645.11 575,579.45
January 2009....... 15,183,478.72 562,351.06
February 2009...... 14,831,456.37 549,313.20
March 2009......... 14,484,506.36 536,463.20
April 2009......... 14,142,557.97 523,798.44
May 2009........... 13,805,541.44 511,316.35
June 2009.......... 13,473,388.00 499,014.37
July 2009.......... 13,146,029.77 486,889.99
August 2009........ 12,823,399.85 474,940.73
September 2009..... 12,505,432.23 463,164.16
October 2009....... 12,192,061.81 451,557.84
November 2009...... 11,883,224.39 440,119.42
December 2009...... 11,578,856.65 428,846.54
January 2010....... 11,278,896.14 417,736.89
February 2010...... 10,983,281.25 406,788.19
March 2010......... 10,691,951.24 395,998.19
April 2010......... 10,404,846.19 385,364.67
May 2010........... 10,121,907.01 374,885.44
June 2010.......... 9,843,075.41 364,558.35
July 2010.......... 9,568,293.93 354,381.26
August 2010........ 9,297,505.85 344,352.07
September 2010..... 9,030,655.28 334,468.71
October 2010....... 8,767,687.07 324,729.15
November 2010...... 8,508,546.82 315,131.36
December 2010...... 8,253,180.91 305,673.37
January 2011....... 8,001,536.43 296,353.20
February 2011...... 7,753,561.21 287,168.93
March 2011......... 7,509,203.79 278,118.66
April 2011......... 7,268,413.42 269,200.50
May 2011........... 7,031,140.05 260,412.59
June 2011.......... 6,797,334.33 251,753.12
July 2011.......... 6,566,947.55 243,220.28
August 2011........ 6,339,931.72 234,812.29
September 2011..... 6,116,239.48 226,527.39
October 2011....... 5,895,824.13 218,363.86
November 2011...... 5,678,639.62 210,319.99
December 2011...... 5,464,640.51 202,394.09
January 2012....... 5,253,782.01 194,584.52
February 2012...... 5,046,019.95 186,889.63
March 2012......... 4,841,310.74 179,307.81
April 2012......... 4,639,611.42 171,837.46
May 2012........... 4,440,879.61 164,477.02
June 2012.......... 4,245,073.51 157,224.94
July 2012.......... 4,052,151.89 150,079.70
August 2012........ 3,862,074.12 143,039.78
September 2012..... 3,674,800.10 136,103.71
October 2012....... 3,490,290.29 129,270.01
November 2012...... 3,308,505.70 122,537.25
December 2012...... 3,129,407.87 115,904.00
<PAGE>
TAC Balances
--------------------------------
Class A4A
Distribution Date Class A3 TAC Component
- ------------------- --------------- -------------
January 2013....... $ 2,952,958.88 $ 109,368.85
February 2013...... 2,779,121.33 102,930.42
March 2013......... 2,607,858.33 96,587.35
April 2013......... 2,439,133.52 90,338.28
May 2013........... 2,272,911.00 84,181.89
June 2013.......... 2,109,155.42 78,116.87
July 2013.......... 1,947,831.87 72,141.92
August 2013........ 1,788,905.95 66,255.78
September 2013..... 1,632,343.73 60,457.18
October 2013....... 1,478,111.74 54,744.88
November 2013...... 1,326,176.99 49,117.67
December 2013...... 1,176,506.93 43,574.33
January 2014....... 1,029,069.46 38,113.68
February 2014...... 883,832.93 32,734.55
March 2014......... 740,766.13 27,435.78
April 2014......... 599,838.29 22,216.23
May 2014........... 461,019.03 17,074.78
June 2014.......... 324,278.43 12,010.31
July 2014.......... 189,586.97 7,021.74
August 2014........ 56,915.53 2,107.98
September 2014..... 0.00 0.00
<PAGE>
EXHIBIT C
MORTGAGE LOANS
[Each Mortgage Loan shall be identified by loan
number, address of the Mortgaged Property and name of the
Mortgagor. The following details shall be set forth as to each
Mortgage Loan: (i) the principal balance at the time of its
origination, (ii) the Scheduled Principal Balance as of the
Cut-off Date, (iii) the interest rate borne by the Mortgage Note,
(iv) the scheduled monthly level payment of principal and
interest, (v) the Loan-To-Value ratio, (vi) the maturity date of
the Mortgage Note and (vii) the Base Servicing Fee Rate for such
Mortgage Loan. Cooperative Loans and Enhanced Streamlined
Refinance program loans shall be designated as such.]
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 1
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0005298211 MORTGAGORS: BROWN ROBERT
BROWN JILL
REGION CODE ADDRESS : 56 WOODS ROAD
01 CITY : RAMSEY
STATE/ZIP : NJ 07446
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 85,793.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 786.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 07/01/22
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0005589296 MORTGAGORS: WESTERMANN JOHN
WESTERMANN MARIE
REGION CODE ADDRESS : 65 LUCILLE AVENUE
01 CITY : DUMONT
STATE/ZIP : NJ 07628
MORTGAGE AMOUNT : 152,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 142,596.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,106.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/23
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.41176
----------------------------------------------------------------
0 0007666266 MORTGAGORS: WHEATLEY CARROLL
WHEATLEY TONJA
REGION CODE ADDRESS : 6137 RIDGEMONT CIRCLE
01 CITY : LA VERNE
STATE/ZIP : CA 91750
MORTGAGE AMOUNT : 365,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,205.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,554.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97900
----------------------------------------------------------------
0 0007666282 MORTGAGORS: NATARAJAN VENKATARAMAN
NATARAJAN LAXMI
REGION CODE ADDRESS : 5462 MIDDAY COMMON
01 CITY : FREMONT
STATE/ZIP : CA 94555
MORTGAGE AMOUNT : 301,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,037.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,130.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 89.99200
----------------------------------------------------------------
0 0007666365 MORTGAGORS: KESSEN KIRN
KESSEN SALLY
REGION CODE ADDRESS : 3999 EL LADO DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,142.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,483.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,283,000.00
P & I AMT: 9,060.42
UPB AMT: 1,256,775.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 2
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007666381 MORTGAGORS: GEDO ANDREW
GEDO TERRI-LYNN
REGION CODE ADDRESS : 7521 MC CONNELL AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,337.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,947.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007666399 MORTGAGORS: FISHER JONATHAN
FREDIANI PAULA
REGION CODE ADDRESS : 1906 MILLER AVENUE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,936.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,860.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007666407 MORTGAGORS: SMITH ARTHUR
SMITH DEANNA
REGION CODE ADDRESS : 7176 BROOKTREE COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 438,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 436,978.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,002.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 61.69000
----------------------------------------------------------------
0 0007666431 MORTGAGORS: SHEA S
REGION CODE ADDRESS : 3805 LINCOLN ROAD
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93110
MORTGAGE AMOUNT : 350,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,599.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,426.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007666456 MORTGAGORS: PARDULA HERB
PARDULA NANCY
REGION CODE ADDRESS : 1000 MESA ROAD
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,499.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,478.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 76.51500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,152,400.00
P & I AMT: 14,715.07
UPB AMT: 2,147,351.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 3
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007666514 MORTGAGORS: GWOSDEN LAURA
REGION CODE ADDRESS : 822 AMBER LANE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 378,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,607.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,594.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0007666522 MORTGAGORS: FINN SEAN
FINN CARA
REGION CODE ADDRESS : 1131 MEREDITH AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,257.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,250.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 52.00000
----------------------------------------------------------------
0 0007666548 MORTGAGORS: GLAZER DAVID
DREW NANCY
REGION CODE ADDRESS : 1818 MORGAN LANE #A
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,336.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007666555 MORTGAGORS: PARK GLENN
PARK JUNE
REGION CODE ADDRESS : 6965 ABBOTTSWOOD DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,321.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,118.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.59300
----------------------------------------------------------------
0 0007666563 MORTGAGORS: HARRIS THOMAS
HARRIS RUTH
REGION CODE ADDRESS : 37780 BEARING CIRCLE
01 CITY : TEMECULA
STATE/ZIP : CA 92592
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,381.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,770.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,554,500.00
P & I AMT: 10,804.09
UPB AMT: 1,550,904.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 4
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007666571 MORTGAGORS: FLEISHON JOSEPH
FLEISHON GAYLE
REGION CODE ADDRESS : 11521 HEATHCLIFF DRIVE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 446,934.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,040.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.20000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.20000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007666589 MORTGAGORS: SOBCZAK GERALD
SOBCZAK JOYCE
REGION CODE ADDRESS : 28709 PISCES STREET
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,343.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,079.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 89.69600
----------------------------------------------------------------
0 0007666597 MORTGAGORS: JACOBS PAUL
JACOBS DIANE
REGION CODE ADDRESS : 485 PALMETTO DRIVE
01 CITY : PASADENA
STATE/ZIP : CA 91105
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,822.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,410.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.47100
----------------------------------------------------------------
0 0007666613 MORTGAGORS: MILIO PETER
HENDRICKS LAURIE
REGION CODE ADDRESS : 1427 BEECH STREET
01 CITY : SOUTH PASADENA
STATE/ZIP : CA 91030
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,288.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 79.84200
----------------------------------------------------------------
0 0007666621 MORTGAGORS: VALLADARES JORGE
VALLADARES VIOLETA
REGION CODE ADDRESS : 5551 ALDREN COURT
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 253,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,767.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,677.38 OUTSIDE CONV DATE :
LIFETIME RATE : 6.95000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.95000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,802,400.00
P & I AMT: 12,300.07
UPB AMT: 1,798,156.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 5
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007666639 MORTGAGORS: BERTAIN RICHARD
BERTAIN KELLIE
REGION CODE ADDRESS : 2915 REMY PLACE
01 CITY : BURBANK
STATE/ZIP : CA 91504
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 446,976.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,101.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007666654 MORTGAGORS: REAVIS PAUL
REAVIS LIZA
REGION CODE ADDRESS : 2060 14TH AVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
MORTGAGE AMOUNT : 293,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,901.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.20000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.20000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007666662 MORTGAGORS: CAMERON GENEVIEVE
REGION CODE ADDRESS : 10201 KINGS STREET
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,431.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007666696 MORTGAGORS: TAYLOR JASON
REGION CODE ADDRESS : 236 MONACO DRIVE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 426,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 425,016.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,935.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 60.85700
----------------------------------------------------------------
0 0007666704 MORTGAGORS: PULLMAN NORMAN
PULLMAN SUE
REGION CODE ADDRESS : 561 HEMME AVENUE
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 540,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 538,802.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,794.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 68.35400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,971,600.00
P & I AMT: 13,706.32
UPB AMT: 1,967,128.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 6
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007666712 MORTGAGORS: GIORDANO GENE
GIORDANO JANIS
REGION CODE ADDRESS : 27855 ELK MOUNTAIN DR
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,982.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,905.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.20000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.20000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007666720 MORTGAGORS: SHAIN TERRY
SHAIN TAMARA
REGION CODE ADDRESS : 1151 NORTH CEDAR STREET
01 CITY : GLENDALE
STATE/ZIP : CA 91207
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,499.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.04900
----------------------------------------------------------------
0 0007666738 MORTGAGORS: REZNICK JERALD
REGION CODE ADDRESS : 2208 WASHINGTON AVENUE
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,193.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,517.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.12000
----------------------------------------------------------------
0 0007666746 MORTGAGORS: BARBER ERNEST
BARBER MARGARET
REGION CODE ADDRESS : 37 CAMINO DON MIGUEL
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,378.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 54.90100
----------------------------------------------------------------
0 0007666753 MORTGAGORS: GESS ALBIN
GESS BRENDA
REGION CODE ADDRESS : 10051 FOX SPRINGS ROAD
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 459,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 457,929.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,146.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 70.61500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,762,000.00
P & I AMT: 12,220.15
UPB AMT: 1,757,983.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 7
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007666761 MORTGAGORS: HOLM LARS
FORSELL MARIE
REGION CODE ADDRESS : 1880 SALEM AVE
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 347,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,382.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,451.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 74.66600
----------------------------------------------------------------
0 0007666811 MORTGAGORS: STOCKWELL TODD
STOCKWELL KRISTIN
REGION CODE ADDRESS : A115 SURFSIDE AVENUE
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 419,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,711.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,863.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.95000
----------------------------------------------------------------
0 0007668288 MORTGAGORS: CARTER JAMES
CARTER NANCY
REGION CODE ADDRESS : 1303 SOUTHEAST BROAD ST.
01 CITY : MURFREESBORO
STATE/ZIP : TN 37130
MORTGAGE AMOUNT : 234,293.68 OPTION TO CONVERT :
UNPAID BALANCE : 232,377.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,867.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 07/01/21
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 86.77543
----------------------------------------------------------------
0 0030905103 MORTGAGORS: JOHNSON KEITH
JOHNSON KATHLEEN
REGION CODE ADDRESS : 875 WELK COURT
01 CITY : COROLLA
STATE/ZIP : NC 27927
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,484.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98200
----------------------------------------------------------------
0 0030905129 MORTGAGORS: HILLS DONALD
HILLS CYNTHIA
REGION CODE ADDRESS : 798 RANGER RD
01 CITY : COROLLA
STATE/ZIP : NC 27927
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,732.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.89200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,492,193.68
P & I AMT: 10,742.82
UPB AMT: 1,487,688.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 8
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030917256 MORTGAGORS: BAASCH HAROLD
BAASCH EVONNE
REGION CODE ADDRESS : 15301 STRAUGHN DRIVE
01 CITY : LAUREL
STATE/ZIP : MD 20707
MORTGAGE AMOUNT : 241,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,275.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.98800
----------------------------------------------------------------
0 0030928378 MORTGAGORS: WARREN JAMES
LYNCH MICHAEL
REGION CODE ADDRESS : 5 APPLETON STREET UNIT # 1E
01 CITY : BOSTON
STATE/ZIP : MA 02116
MORTGAGE AMOUNT : 225,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,912.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,652.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030941587 MORTGAGORS: HICKMAN HAROLD
HICKMAN JUDY
REGION CODE ADDRESS : 6409 REGIMENT PLACE
01 CITY : COLLEYVILLE
STATE/ZIP : TX 76034
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,884.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,008.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.50400
----------------------------------------------------------------
0 0030958193 MORTGAGORS: SLATTERY JOHN
SLATTERY JULIE
REGION CODE ADDRESS : 59 WEST MAPLE AVENUE
01 CITY : ALLENDALE
STATE/ZIP : NJ 07401
MORTGAGE AMOUNT : 282,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,809.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,047.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030959159 MORTGAGORS: SNEAD DANIEL
SNEAD CHARLOTTE
REGION CODE ADDRESS : 10254 E. CO. HYW 30 A
01 CITY : PANAMA CITY
STATE/ZIP : FL 32413
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,706.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,409,000.00
P & I AMT: 10,199.57
UPB AMT: 1,402,588.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 9
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030959829 MORTGAGORS: BROWN KIRK
BROWN KAREN
REGION CODE ADDRESS : 5117 BRADY COURT
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21043
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,632.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.54010
----------------------------------------------------------------
0 0030983670 MORTGAGORS: WHANG GENE
WHANG HEIWON
REGION CODE ADDRESS : 1774 ARDEN LANE
01 CITY : BETHLEHEM
STATE/ZIP : PA 18017
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,313.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030988687 MORTGAGORS: LUTTON H. JAMES
BENZIES BARBARA
REGION CODE ADDRESS : 4 OAK BLUFF COURT
01 CITY : COLUMBIA
STATE/ZIP : SC 29223
MORTGAGE AMOUNT : 275,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,857.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,951.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.30275
----------------------------------------------------------------
0 0030992622 MORTGAGORS: DILLON KEVIN
WHITACRE DEBORAH
REGION CODE ADDRESS : 5 FALLOW WAY
01 CITY : HIGHTSTOWN
STATE/ZIP : NJ 08520
MORTGAGE AMOUNT : 266,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.97635
----------------------------------------------------------------
0 0030995708 MORTGAGORS: BRUENER W.
REGION CODE ADDRESS : 1473 SE COLUMBIA WAY #A-3
01 CITY : VANCOUVER
STATE/ZIP : WA 98661
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,582.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,360.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,406,000.00
P & I AMT: 10,143.90
UPB AMT: 1,400,686.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 10
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031012263 MORTGAGORS: LEE PATRICK
LEE JENNY
REGION CODE ADDRESS : 10611 BEECHKNOLL LANE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 389,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,826.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,724.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031022783 MORTGAGORS: LINN CATHERINE
REGION CODE ADDRESS : 2551 ARBOR ROAD
01 CITY : CANTON
STATE/ZIP : GA 30115
MORTGAGE AMOUNT : 235,590.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,435.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 88.90100
----------------------------------------------------------------
0 0031037104 MORTGAGORS: MOSS JOYCE
MOSS GWENDOLYN
REGION CODE ADDRESS : 1136 BUCKBRUSH DRIVE
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 239,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,269.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,737.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031041908 MORTGAGORS: TILLEY GLENN
TILLEY MARIA
REGION CODE ADDRESS : 2114 FOX TRAIL COURT
01 CITY : REISTERSTOWN
STATE/ZIP : MD 21136
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,672.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.19000
----------------------------------------------------------------
0 0031044100 MORTGAGORS: BORCHARDT DAVID
BORCHARDT PRICILLA
REGION CODE ADDRESS : 12604 CLARK MEADOWS COURT
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20871
MORTGAGE AMOUNT : 281,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,967.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,039.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,546,240.00
P & I AMT: 10,912.56
UPB AMT: 1,543,171.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 11
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031045164 MORTGAGORS: FOREST JERRY
WOODALL FOREST SHARRON
REGION CODE ADDRESS : 3904 ST. PHILIPPE DRIVE
01 CITY : LAKE CHARLES
STATE/ZIP : LA 70605
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,810.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031048036 MORTGAGORS: FRIEL GREGORY
FRIEL ELISE
REGION CODE ADDRESS : 16 CARBONE LANE
01 CITY : COHASSET
STATE/ZIP : MA 02025
MORTGAGE AMOUNT : 395,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,196.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,836.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.97700
----------------------------------------------------------------
0 0031052756 MORTGAGORS: WHITE W
WHITE KATHLEEN
REGION CODE ADDRESS : 2103 FOX TRAIL COURT
01 CITY : REISTERTOWN
STATE/ZIP : MD 21136
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,656.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,001.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031054208 MORTGAGORS: ELLIOTT JOSEPH
ELLIOTT JACQUELINE
REGION CODE ADDRESS : 420 MORAN DRIVE
01 CITY : HIGHLAND VILLAGE
STATE/ZIP : TX 75067
MORTGAGE AMOUNT : 168,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 167,153.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,203.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031074644 MORTGAGORS: MAUSER DAVID
MAUSER ROBYN
REGION CODE ADDRESS : 3328 PINERIDGE ROAD
01 CITY : OVERGAARD
STATE/ZIP : AZ 85933
MORTGAGE AMOUNT : 53,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 53,117.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 424.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.87500 PRODUCT CODE : 250
LTV : 40.22600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,313,200.00
P & I AMT: 9,255.51
UPB AMT: 1,309,933.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 12
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031078678 MORTGAGORS: FISH DENNIS
FISH MARGARET
REGION CODE ADDRESS : 832 WEST RIDGE DRIVE
01 CITY : HOCKESSIN
STATE/ZIP : DE 19707
MORTGAGE AMOUNT : 241,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,110.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,772.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031083520 MORTGAGORS: DAVIS THOMAS
REGION CODE ADDRESS : 577 WOLF POND ROAD
01 CITY : WOOLWICH
STATE/ZIP : ME 04579
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,264.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,111.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.04400
----------------------------------------------------------------
0 0031088826 MORTGAGORS: VORCE KEVEN
VORCE JANET
REGION CODE ADDRESS : 3094 WINDSONG DRIVE
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 510,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 509,630.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,609.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031091036 MORTGAGORS: DEL ROSSO JAMES
DEL ROSSO BARBARA
REGION CODE ADDRESS : 70 DRYDEN ROAD
01 CITY : MONTCLAIR
STATE/ZIP : NJ 07043
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,067.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031094576 MORTGAGORS: FULLERTON WAYNE
FULLERTON CAROL
REGION CODE ADDRESS : 7720 ELAINE COURT
01 CITY : PORT TOBACCO
STATE/ZIP : MD 20677
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,277.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 87.33600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,838,800.00
P & I AMT: 13,244.95
UPB AMT: 1,833,350.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 13
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031098296 MORTGAGORS: SATTERFIELD JAMES
SATTERFIELD LYNN
REGION CODE ADDRESS : 2352 OCEAN ROAD
01 CITY : EAST BEACH, ST. SIMONS IS
STATE/ZIP : GA 31522
MORTGAGE AMOUNT : 593,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 590,572.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,351.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 68.55400
----------------------------------------------------------------
0 0031098809 MORTGAGORS: EDWARDS CHARMAINE
REGION CODE ADDRESS : 16337 PEPPERMILL DRIVE
01 CITY : WILDWOOD
STATE/ZIP : MO 63005
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,922.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031108954 MORTGAGORS: SOMMERS DEBRA
GREENE STEVEN
REGION CODE ADDRESS : 1444 CATLIN WAY
01 CITY : DRESHER
STATE/ZIP : PA 19025
MORTGAGE AMOUNT : 359,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.37 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.91300
----------------------------------------------------------------
0 0031109820 MORTGAGORS: MARKS H
REGION CODE ADDRESS : 1438 BACK COVE ROAD
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23454
MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,830.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,257.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.01700
----------------------------------------------------------------
0 0031110307 MORTGAGORS: HASKELL THURLOW
HASKELL JOYCE
REGION CODE ADDRESS : 350 DIANE LANE
01 CITY : CHICAGO HEIGHTS
STATE/ZIP : IL 60411
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,055.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 86.53800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,714,500.00
P & I AMT: 12,221.23
UPB AMT: 1,709,381.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 14
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031123649 MORTGAGORS: LOUGHRAN KAREN
REGION CODE ADDRESS : 8824 NE 124TH STREET
01 CITY : KIRKLAND
STATE/ZIP : WA 98034
MORTGAGE AMOUNT : 239,760.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,836.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031126857 MORTGAGORS: ANDERSON FELTON
ANDERSON CYNTHIA
REGION CODE ADDRESS : 702 AMER DRIVE
01 CITY : FORT WASHINGTON
STATE/ZIP : MD 20744
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,229.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,005.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 86.95600
----------------------------------------------------------------
0 0031131188 MORTGAGORS: SCOTT ROBERT
REGION CODE ADDRESS : 5748 STANBROOK LANE
01 CITY : LAYTONSVILLE
STATE/ZIP : MD 20882
MORTGAGE AMOUNT : 325,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,770.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,275.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.42857
----------------------------------------------------------------
0 0031136377 MORTGAGORS: MACINTYRE ANTOINETTE
REGION CODE ADDRESS : 11 MARQUARD AVENUE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,149.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.14900
----------------------------------------------------------------
0 0031137680 MORTGAGORS: SERINO RICHARD
SERINO JEAN
REGION CODE ADDRESS : 122 SOUND SEA DR
01 CITY : DUCK
STATE/ZIP : NC 27949
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,327.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.55200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,497,260.00
P & I AMT: 10,676.70
UPB AMT: 1,493,314.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 15
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031142334 MORTGAGORS: FRYDRYCH DAVID
FRYDRYCH CANDACE
REGION CODE ADDRESS : 2731 GARDENWOOD COURT
01 CITY : LILBURN
STATE/ZIP : GA 30047
MORTGAGE AMOUNT : 216,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,686.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,513.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.63700
----------------------------------------------------------------
0 0031143068 MORTGAGORS: NICHOLS CHRIS
REGION CODE ADDRESS : 4869 RAMCREEK TRAIL
01 CITY : RENO
STATE/ZIP : NV 89509
MORTGAGE AMOUNT : 293,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,520.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99800
----------------------------------------------------------------
0 0031145097 MORTGAGORS: LEE TERRENCE
LEE ELLEN
REGION CODE ADDRESS : 918 SHARPLESS ROAD
01 CITY : HOCKESSIN
STATE/ZIP : DE 19707
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,805.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031150493 MORTGAGORS: SECHRIST CHARLES
SECHRIST LAURA
REGION CODE ADDRESS : 559 DEEP RUN ROAD
01 CITY : MARTINSVILLE
STATE/ZIP : VA 24112
MORTGAGE AMOUNT : 373,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,723.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,608.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.94700
----------------------------------------------------------------
0 0031150824 MORTGAGORS: SUMPTER MYRA
WINGATE ROSA
REGION CODE ADDRESS : 12200 GUINEVERE PLACE
01 CITY : GLEN DALE
STATE/ZIP : MD 20769
MORTGAGE AMOUNT : 234,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,976.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,372,050.00
P & I AMT: 9,571.81
UPB AMT: 1,369,712.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 16
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031155690 MORTGAGORS: TOTH JOSEPH
TOTH ANGELINA
REGION CODE ADDRESS : 7 KING DRIVE
01 CITY : BRIDGEWATTER
STATE/ZIP : NJ 08807
MORTGAGE AMOUNT : 252,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,142.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,808.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98100
----------------------------------------------------------------
0 0031159007 MORTGAGORS: OLSON THOMAS
REGION CODE ADDRESS : 26504 LAKE ROAD
01 CITY : BAY VILLAGE
STATE/ZIP : OH 44140
MORTGAGE AMOUNT : 223,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,863.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,597.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.89600
----------------------------------------------------------------
0 0031161102 MORTGAGORS: WHITSETT DANIEL
WHITSETT DARCY
REGION CODE ADDRESS : 21316 TRAKSWOOD COURT
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 229,447.52 OPTION TO CONVERT :
UNPAID BALANCE : 227,847.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 05/01/23
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 84.98056
----------------------------------------------------------------
0 0031170681 MORTGAGORS: SANGHAVI HEMANG
REGION CODE ADDRESS : 4604 CAMBRYAR STREET
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,933.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,589.07 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031171424 MORTGAGORS: MENSCHENFREUND LYNN
REGION CODE ADDRESS : 38 SUMMER HILL ROAD
01 CITY : WAYNE
STATE/ZIP : NJ 07470
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,785.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.66800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,204,947.52
P & I AMT: 8,448.27
UPB AMT: 1,200,572.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 17
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031182140 MORTGAGORS: SICA RICHARD
SICA ANDREA
REGION CODE ADDRESS : 43 WHIPSTICK ROAD
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 639,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 638,450.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,419.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031183809 MORTGAGORS: FISHER MARK
FISHER JO ANN
REGION CODE ADDRESS : 484 KEEBLER ROAD
01 CITY : UPPER MERION TOWNSHIP
STATE/ZIP : PA 19406
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,812.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.66600
----------------------------------------------------------------
0 0031191414 MORTGAGORS: FALARO MARTIN
FALARO CATHERINE
REGION CODE ADDRESS : 7 BOARDMAN AVENUE
01 CITY : SCITUATE
STATE/ZIP : MA 02066
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,703.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.52900
----------------------------------------------------------------
0 0031193477 MORTGAGORS: BROWN DAVID
BROWN ELLEN
REGION CODE ADDRESS : 1 KINGS COURT
01 CITY : WOODCLIFF LAKE
STATE/ZIP : NJ 07675
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031194772 MORTGAGORS: BIANCO JAMES
REGION CODE ADDRESS : 422 OCEANFRONT UNIT422
01 CITY : LONG BEACH
STATE/ZIP : NY 11561
MORTGAGE AMOUNT : 322,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,570.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,336.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,948,120.00
P & I AMT: 13,720.81
UPB AMT: 1,945,536.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 18
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031196181 MORTGAGORS: CALDICOTT WAYNE
CALDICOTT DONNA
REGION CODE ADDRESS : 18 WEDGEWOOD LANE
01 CITY : BROOKHAVEN
STATE/ZIP : NY 11719
MORTGAGE AMOUNT : 123,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 123,043.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 894.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031206212 MORTGAGORS: CANCIO EDWARD
GARCIA ANA
REGION CODE ADDRESS : 5050 SW 62 AVENUE
01 CITY : MIAMI
STATE/ZIP : FL 33155
MORTGAGE AMOUNT : 365,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,654.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,557.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031206253 MORTGAGORS: WENZL JAMES
WENZL AMY
REGION CODE ADDRESS : 340 STABLERS CHURCH ROAD
01 CITY : PARKTON
STATE/ZIP : MD 21120
MORTGAGE AMOUNT : 244,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,603.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,707.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031207913 MORTGAGORS: RIEDEL RALPH
REIDEL LAURA
REGION CODE ADDRESS : 516 MAPLEWOOD AVENUE
01 CITY : WAYNE
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 613,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 612,556.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,338.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.10600
----------------------------------------------------------------
0 0031212558 MORTGAGORS: LANDES WILLIAM
LANDES MICHELE
REGION CODE ADDRESS : 12 WYNDEMERE DRIVE
01 CITY : SOUTHBOROUGH
STATE/ZIP : MA 01900
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,538.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,336.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 48.58200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,946,200.00
P & I AMT: 13,833.85
UPB AMT: 1,943,395.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 19
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031213481 MORTGAGORS: LUKEN MARTIN
LUKEN CLAIRE
REGION CODE ADDRESS : 2038 N. ORLEANS STREET
01 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 502,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 501,229.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,598.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 50.23000
----------------------------------------------------------------
0 0031217433 MORTGAGORS: WILLIS MARYJO
REGION CODE ADDRESS : 3229 REGENT DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75229
MORTGAGE AMOUNT : 126,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 125,531.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 891.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031219249 MORTGAGORS: KEEBLE DONALD
KEEBLE ANNETTE
REGION CODE ADDRESS : 6825 GRENADIER BOULEVARD #1602
01 CITY : NAPLES
STATE/ZIP : FL 34108
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,782.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,032.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031219918 MORTGAGORS: SCHURMAN PAUL
OSTROWSKI BARBARA
REGION CODE ADDRESS : 110 FRESH MEADOW ROAD
01 CITY : SOUTH KINGSTOWN
STATE/ZIP : RI 02879
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,523.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.26407
----------------------------------------------------------------
0 0031219975 MORTGAGORS: WILSON SCOTT
MORSE ANNE
REGION CODE ADDRESS : 6 ARONWOLD LANE
01 CITY : NEWTOWN SQUARE
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 700,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 697,902.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,894.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 015
LTV : 63.63636
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,935,500.00
P & I AMT: 13,655.16
UPB AMT: 1,930,969.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 20
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031221427 MORTGAGORS: BUSWELL MARK
BUSWELL BARBARA
REGION CODE ADDRESS : 1311 NORTH ROYER STREET
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80903
MORTGAGE AMOUNT : 102,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 102,292.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 752.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 89.99100
----------------------------------------------------------------
0 0031224454 MORTGAGORS: KNAPP PATRICK
SCOTT KEVIN
REGION CODE ADDRESS : 1 DUNLIN LANE
01 CITY : ALISO VIEJO AREA
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,215.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,958.77 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 88.82300
----------------------------------------------------------------
0 0031227010 MORTGAGORS: REID JOHNNIE
REID CONNIE
REGION CODE ADDRESS : 2672 EMILY COURT
01 CITY : CANTON
STATE/ZIP : MI 48188
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,807.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 93.44200
----------------------------------------------------------------
0 0031227465 MORTGAGORS: SUTAROV DAN
SUTAROV DEBRAH
REGION CODE ADDRESS : 6146 MIDNIGHT PASS ROAD #13-S
01 CITY : SARASOTA
STATE/ZIP : FL 34242
MORTGAGE AMOUNT : 365,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,537.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,972.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/18
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 85.00000
----------------------------------------------------------------
0 0031229644 MORTGAGORS: BOWERS JAMES
BOWERS PAMELA
REGION CODE ADDRESS : 1359 GOLDEN WAY
01 CITY : PARK CITY
STATE/ZIP : UT 84060
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,398.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,824.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 57.71428
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,434,000.00
P & I AMT: 10,326.12
UPB AMT: 1,430,250.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 21
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031232309 MORTGAGORS: GOODMAN GARRET
REGION CODE ADDRESS : 60 LILAC LANE
01 CITY : PARAMUS
STATE/ZIP : NJ 07652
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.23000
----------------------------------------------------------------
0 0031232895 MORTGAGORS: KNEECE REXFORD
KNEECE BRIDGET
REGION CODE ADDRESS : 22 RETREAT LANE
01 CITY : COLUMBIA
STATE/ZIP : SC 29209
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,417.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.45900
----------------------------------------------------------------
0 0031234446 MORTGAGORS: JUGOVICH RICHARD
JUGOVICH MARYANNE
REGION CODE ADDRESS : 31 COWAN ROAD
01 CITY : CARNEGIE
STATE/ZIP : PA 15106
MORTGAGE AMOUNT : 102,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 101,851.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 721.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 85.00000
----------------------------------------------------------------
0 0031234719 MORTGAGORS: HOWLETT WARREN
HOWLETT ANNA
REGION CODE ADDRESS : 3700 SUNDANCER
01 CITY : GILLETTE
STATE/ZIP : WY 82718
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,600.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.85700
----------------------------------------------------------------
0 0031235005 MORTGAGORS: HENNESSEY JEFFREY
REARDON SUSAN
REGION CODE ADDRESS : 10 EDGAR WALKER COURT
01 CITY : HINGHAM
STATE/ZIP : MA 02043
MORTGAGE AMOUNT : 369,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,152.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.30973
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,321,000.00
P & I AMT: 9,167.55
UPB AMT: 1,319,022.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 22
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031236797 MORTGAGORS: BUSCH SCOTT
BUSCH CINDY
REGION CODE ADDRESS : 14 VANESSA COURT
01 CITY : CHERRY HILL
STATE/ZIP : NJ 08003
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,695.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031236805 MORTGAGORS: JAVADI YOUSEF
JAVADI CHERYL
REGION CODE ADDRESS : 9200 PEGASUS COURT
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 630,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 629,737.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,356.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.81700
----------------------------------------------------------------
0 0031236920 MORTGAGORS: ATWOOD KIMBALL
REGION CODE ADDRESS : 30 PLAINFIELD STREET
01 CITY : NEWTON
STATE/ZIP : MA 02168
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,638.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031237068 MORTGAGORS: MCKAY MARGO
REGION CODE ADDRESS : 8036 KIDWELL TOWN COURT
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 284,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,604.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,065.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031239064 MORTGAGORS: CHALFANT ROBERT
CHALFANT AMY
REGION CODE ADDRESS : 2407 CULPEPER ROAD
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22308
MORTGAGE AMOUNT : 204,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 203,688.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,408.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,019,500.00
P & I AMT: 14,131.74
UPB AMT: 2,017,363.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 23
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031239239 MORTGAGORS: VAN DYKE PAUL
VAN DYKE MARLA
REGION CODE ADDRESS : 919 51ST STREET
01 CITY : VIENNA
STATE/ZIP : WV 26105
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,460.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,353.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031239437 MORTGAGORS: RICHARDSON STUART
RICHARDSON BETTY ROSE
REGION CODE ADDRESS : 3 BRIDLE PATH
01 CITY : REMSENBURG
STATE/ZIP : NY 11960
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,405.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,592.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031240005 MORTGAGORS: LEE CHO-LAM
LEE ANNA
REGION CODE ADDRESS : 8439 BELLS RIDGE TERRACE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,420.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.63500
----------------------------------------------------------------
0 0031240021 MORTGAGORS: BAUGHMAN THOMAS
BAUGHMAN ELSIE
REGION CODE ADDRESS : 2140 WALLBROOK DRIVE
01 CITY : LEWISVILLE
STATE/ZIP : TX 75067
MORTGAGE AMOUNT : 103,712.00 OPTION TO CONVERT :
UNPAID BALANCE : 103,465.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 707.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031241490 MORTGAGORS: BLAKEWELL ROBERT
BLAKEWELL SUZANNE
REGION CODE ADDRESS : 832 EMMETT LODE ROAD
01 CITY : BRECKENRIDGE
STATE/ZIP : CO 80424
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,329.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,146.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 67.16400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,543,712.00
P & I AMT: 10,675.41
UPB AMT: 1,541,081.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 24
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031241532 MORTGAGORS: ROY JOE
ROY CAROLINE
REGION CODE ADDRESS : 7156 JOHNSON CIR
01 CITY : NIWOT
STATE/ZIP : CO 80503
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,585.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.75700
----------------------------------------------------------------
0 0031242100 MORTGAGORS: COYNE CHRISTOPHER
VAN HARNIK CHRISTINE
REGION CODE ADDRESS : 15 BRIDGE STREET
01 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 351,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,732.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,424.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 87.75000
----------------------------------------------------------------
0 0031242183 MORTGAGORS: SUMMA MONTY
SUMMA DEBORAH
REGION CODE ADDRESS : 556 MONTEREY TRAIL
01 CITY : DAKOTA DUNES
STATE/ZIP : SD 57049
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,687.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031242795 MORTGAGORS: MACHOCK WALTER
MACHOCK KAREN
REGION CODE ADDRESS : 1881 EAST RIDGE POINT DRIVE
01 CITY : BOUNTIFUL
STATE/ZIP : UT 84010
MORTGAGE AMOUNT : 458,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 457,223.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,282.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.11500
----------------------------------------------------------------
0 0031243652 MORTGAGORS: HORENGIC PATRICIA
SHUTTY GREGORY
REGION CODE ADDRESS : 19209 SHERWOOD GREEN WAY
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20879
MORTGAGE AMOUNT : 263,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,278.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,731.01 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 65.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,772,700.00
P & I AMT: 12,341.81
UPB AMT: 1,770,508.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 25
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031243678 MORTGAGORS: KASSIRER SHERIDAN
REGION CODE ADDRESS : 150 HICKORY ROAD
01 CITY : WESTON
STATE/ZIP : MA 02193
MORTGAGE AMOUNT : 310,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,486.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,252.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 48.54600
----------------------------------------------------------------
0 0031244064 MORTGAGORS: TOURKAMAN ALI
REGION CODE ADDRESS : 1318 KURTZ RD
01 CITY : MC LEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,138.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031244775 MORTGAGORS: CARRIER DAVID
HAYES-CARRIER JEANA
REGION CODE ADDRESS : 11 WHITEWOOD ROAD
01 CITY : NEWTON
STATE/ZIP : CT 06470
MORTGAGE AMOUNT : 390,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,617.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,766.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.96900
----------------------------------------------------------------
0 0031244924 MORTGAGORS: DEUTSCH PAUL
DEUTSCH ROBIN
REGION CODE ADDRESS : 146 HARDSCRABBLE ROAD
01 CITY : BRIARCLIFF MANOR
STATE/ZIP : NY 10510
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,554.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.33300
----------------------------------------------------------------
0 0031245285 MORTGAGORS: DA VOLIO JANICE
PERSSON RALF
REGION CODE ADDRESS : 3854 HAMPSTEAD ROAD
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 636,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 635,053.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,447.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.09000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,877,600.00
P & I AMT: 13,215.64
UPB AMT: 1,874,849.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 26
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031245376 MORTGAGORS: MC GINLEY MARK
MC GINLEY SHELLEY
REGION CODE ADDRESS : 104 CHATHAM ROAD
01 CITY : MILLBURN TWNP
STATE/ZIP : NJ 07078
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,475.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,285.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.22200
----------------------------------------------------------------
0 0031245384 MORTGAGORS: HOFFMAN MARY
HOFFMAN DENNIS
REGION CODE ADDRESS : 21 MT PLEASANT STREET
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,686.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,845.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.50200
----------------------------------------------------------------
0 0031246036 MORTGAGORS: LAMB DAVID
LAMB AMELIA
REGION CODE ADDRESS : 1333 S OAKLAND AVE
01 CITY : PASADENA
STATE/ZIP : CA 91106
MORTGAGE AMOUNT : 871,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 869,703.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,090.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 015
LTV : 73.19300
----------------------------------------------------------------
0 0031246770 MORTGAGORS: MOORE WILLIAM
MOORE DONNA
REGION CODE ADDRESS : 11427 HARCOURT TERRACE
01 CITY : RICHMOND
STATE/ZIP : VA 23233
MORTGAGE AMOUNT : 311,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,461.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031246812 MORTGAGORS: CARMEAN JAN
CARMEAN ELIZABETH
REGION CODE ADDRESS : 103 WESTLAKE COURT
01 CITY : ATHENS
STATE/ZIP : GA 30604
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,687.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,329,950.00
P & I AMT: 16,077.81
UPB AMT: 2,327,015.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 27
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031247620 MORTGAGORS: CLUFF MICHAEL
CLUFF SUSAN
REGION CODE ADDRESS : 4005 MOSS PLACE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22304
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,393.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031247786 MORTGAGORS: LISSER STEVEN
LISSER FRANCES
REGION CODE ADDRESS : 25 CAMBRIDGE COURT
01 CITY : MORGANVILLE
STATE/ZIP : NJ 07751
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,756.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031248412 MORTGAGORS: FORD JOHN
FORD KHRIS
REGION CODE ADDRESS : 3307 SACKETT AVENUE
01 CITY : HOUSTON
STATE/ZIP : TX 77098
MORTGAGE AMOUNT : 261,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,320.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.70000
----------------------------------------------------------------
0 0031249691 MORTGAGORS: ROLFS THOMAS
ROLFS ANN
REGION CODE ADDRESS : 5 SQUANTO ROAD
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,855.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,545.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 83.15700
----------------------------------------------------------------
0 0031250087 MORTGAGORS: HERSKOWITZ ALLEN
HERSKOWITZ SUSAN
REGION CODE ADDRESS : 1484 WATERFRONT ROAD
01 CITY : RESTON
STATE/ZIP : VA 20194
MORTGAGE AMOUNT : 422,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 421,230.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,916.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.34700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,687,650.00
P & I AMT: 11,903.62
UPB AMT: 1,683,555.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 28
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031250822 MORTGAGORS: STIEGER ADAM
STIEGER LAUREN
REGION CODE ADDRESS : 66 TIMBER LANE ROAD
01 CITY : UPPER SADDLE RIVER
STATE/ZIP : NJ 07458
MORTGAGE AMOUNT : 323,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,941.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 61.91500
----------------------------------------------------------------
0 0031250871 MORTGAGORS: ABRAMS MARC
ABRAMS BETH
REGION CODE ADDRESS : 79 ORANGE DRIVE
01 CITY : JERICHO
STATE/ZIP : NY 11153
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,758.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.91304
----------------------------------------------------------------
0 0031250939 MORTGAGORS: CZACHOR JERRY
CZACHOR URSULA
REGION CODE ADDRESS : 6407 HAMPTON PLACE NORTH
01 CITY : HILTON HEAD ISLAND
STATE/ZIP : SC 29928
MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,769.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,257.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.88800
----------------------------------------------------------------
0 0031251150 MORTGAGORS: SCHMIDT WILLIAM
SCHMIDT MARY
REGION CODE ADDRESS : 20 MORSE ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02160
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,767.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.44800
----------------------------------------------------------------
0 0031251176 MORTGAGORS: SCHULTZ RICHARD
MIELCARZ THADDEUS
REGION CODE ADDRESS : 205 BABCOCK STREET
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,752.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 48.74600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,614,200.00
P & I AMT: 11,238.77
UPB AMT: 1,612,990.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 29
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031251341 MORTGAGORS: GRUBBS NICHOLAS
GRUBBS CAROLYN
REGION CODE ADDRESS : 4136 COVE POINT DRIVE
01 CITY : MORGANTOWN
STATE/ZIP : WV 26505
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,769.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.80500
----------------------------------------------------------------
0 0031252067 MORTGAGORS: DOYLE WILLIAM
DOYLE JUDITH
REGION CODE ADDRESS : 100 CLAIREMONT ROAD
01 CITY : BELMONT
STATE/ZIP : MA 02178
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,155.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.07 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 51.47058
----------------------------------------------------------------
0 0031252349 MORTGAGORS: ROVENGO JOSEPH
ROVEGNO DONNA
REGION CODE ADDRESS : 34 CHERRY STREET
01 CITY : GLEN HEAD
STATE/ZIP : NY 11545
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,618.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.82400
----------------------------------------------------------------
0 0031252356 MORTGAGORS: GOULD KEVIN
GOULD LISA
REGION CODE ADDRESS : 401 FOWLER AVENUE
01 CITY : PELHAM MANOR
STATE/ZIP : NY 10803
MORTGAGE AMOUNT : 353,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,647.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,409.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031252463 MORTGAGORS: BLOESER MERRY
REGION CODE ADDRESS : 4102 46TH STREET COURT UNIT 1
01 CITY : ROCK ISLAND
STATE/ZIP : IL 61201
MORTGAGE AMOUNT : 90,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 89,929.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 613.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.28500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,267,200.00
P & I AMT: 8,569.78
UPB AMT: 1,265,121.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 30
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031252489 MORTGAGORS: GREWE JOSEPH
GREWE NANCY
REGION CODE ADDRESS : 6371 PADDERBOURNE DR
01 CITY : HUDSON
STATE/ZIP : OH 44236
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 429,359.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,006.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.18100
----------------------------------------------------------------
0 0031252828 MORTGAGORS: MASON MICHAEL
MASON ILENE
REGION CODE ADDRESS : 165 CLAYBROOK ROAD
01 CITY : DOVER
STATE/ZIP : MA 02030
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,801.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.35065
----------------------------------------------------------------
0 0031252976 MORTGAGORS: FRAIMAN LAZARO
FRAIMAN ANA
REGION CODE ADDRESS : 3655 DAVIS STREET
01 CITY : SKOKIE
STATE/ZIP : IL 60076
MORTGAGE AMOUNT : 331,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,863.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,258.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.80900
----------------------------------------------------------------
0 0031252992 MORTGAGORS: PERRONE CHRISTINA
REGION CODE ADDRESS : 204 WYNDOM LANE
01 CITY : RADNOR
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,255.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 33.33300
----------------------------------------------------------------
0 0031254048 MORTGAGORS: LUDWIG RUSSELL
LUDWIG KRISTIN
REGION CODE ADDRESS : 43246 MENEMSHA LANE
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,814.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,772,000.00
P & I AMT: 12,312.86
UPB AMT: 1,769,094.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 31
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031254154 MORTGAGORS: KUSEK LARRY
KUSEK WOLNAM
REGION CODE ADDRESS : 68 VARDON WAY
01 CITY : HOWELL TOWNSHIP
STATE/ZIP : NJ 07727
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,788.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.33800
----------------------------------------------------------------
0 0031254311 MORTGAGORS: LEOPOLD STEVEN
LEOPOLD BARBARA
REGION CODE ADDRESS : 1447 HUNTER ROAD
01 CITY : RYDAL
STATE/ZIP : PA 19046
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,534.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.11400
----------------------------------------------------------------
0 0031254378 MORTGAGORS: STIKELEATHER SCOTT
STIKELEATHER MARGARET
REGION CODE ADDRESS : 10 OXBOW ROAD
01 CITY : CANTON
STATE/ZIP : MA 02021
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,083.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.41100
----------------------------------------------------------------
0 0031255607 MORTGAGORS: COHEN BRIAN
COHEN LYNN
REGION CODE ADDRESS : 40 WINSOR ROAD
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,504.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,081.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.57100
----------------------------------------------------------------
0 0031255615 MORTGAGORS: WEINBERG ROBERT
WEINBERG JOLIE
REGION CODE ADDRESS : 5116 WATCHWOOD PATH
01 CITY : COLUMBIA
STATE/ZIP : MD 21044
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,739.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.71400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,403,000.00
P & I AMT: 9,860.56
UPB AMT: 1,399,650.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 32
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031255680 MORTGAGORS: SULICK JOHN
SULICK PATRICIA
REGION CODE ADDRESS : 2510 WOOD SUMMIT WAY
01 CITY : LANCASTER
STATE/ZIP : PA 17601
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,586.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 58.66600
----------------------------------------------------------------
0 0031255854 MORTGAGORS: FISHER EDWARD
REGION CODE ADDRESS : 1051 GREY DRIVE
01 CITY : BOGART
STATE/ZIP : GA 30622
MORTGAGE AMOUNT : 426,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 425,982.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,910.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.99500
----------------------------------------------------------------
0 0031257256 MORTGAGORS: FARNITANO MICHAEL
FARNITANO DOREEN
REGION CODE ADDRESS : 119 BRIARCLIFF ROAD
01 CITY : SHOREHAM
STATE/ZIP : NY 11786
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,246.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,475.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031257587 MORTGAGORS: LAWLOR RICHARD
LAWLOR JANINE
REGION CODE ADDRESS : 11 HOPE STREET
01 CITY : WALPOLE
STATE/ZIP : MA 02081
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,616.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0031258304 MORTGAGORS: GOULD BRUCE
GOULD KAREN
REGION CODE ADDRESS : 4708 WALNEY KNOLL COURT
01 CITY : CHANTILLY
STATE/ZIP : VA 20151
MORTGAGE AMOUNT : 246,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,994.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,639.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,536,050.00
P & I AMT: 10,497.33
UPB AMT: 1,533,427.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 33
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031258312 MORTGAGORS: PERITZ ROBERT
REGION CODE ADDRESS : 535 SERPENTINE DRIVE
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 649,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,443.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,544.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 68.41052
----------------------------------------------------------------
0 0031258593 MORTGAGORS: HIGGINS JAMES
MCCANN CYNTHIA
REGION CODE ADDRESS : 252 PLEASANT STREET
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,441.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.85714
----------------------------------------------------------------
0 0031259427 MORTGAGORS: CROWLEY ROBERT
CROWLEY MARCELLA
REGION CODE ADDRESS : 90 DEAN ROAD
01 CITY : WESTON
STATE/ZIP : MA 02193
MORTGAGE AMOUNT : 714,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 713,914.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,753.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 015
LTV : 67.40500
----------------------------------------------------------------
0 0031260631 MORTGAGORS: SADOFF BRYAN
SADOFF ALICIA
REGION CODE ADDRESS : 10815 NORTH RAVINE COURT
01 CITY : MEQUON
STATE/ZIP : WI 53092
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,677.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,928.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.25200
----------------------------------------------------------------
0 0031260672 MORTGAGORS: UTTERBACK MAX
UTTERBACK DEBRA
REGION CODE ADDRESS : 67 HANCOCK ROAD
01 CITY : FRANKLIN
STATE/ZIP : MA 02308
MORTGAGE AMOUNT : 276,852.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,122.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,422,252.00
P & I AMT: 16,503.53
UPB AMT: 2,418,599.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 34
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031260730 MORTGAGORS: ROSENBERG MICHAEL
ROSENBERG SAGIT
REGION CODE ADDRESS : 4187 AMBERLEAF TRAIL
01 CITY : EAGAN
STATE/ZIP : MN 55123
MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,201.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,609.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031260748 MORTGAGORS: BARENDSE JOHN
BARENDSE FELICITY
REGION CODE ADDRESS : 1 CROPLEY COURT
01 CITY : MELVILLE
STATE/ZIP : NY 11747
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,775.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,111.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.65800
----------------------------------------------------------------
0 0031261563 MORTGAGORS: DRURY TIMOTHY
DRURY CATHY
REGION CODE ADDRESS : 6349 ALDERMAN DRIVE
01 CITY : KINGSTOWNE
STATE/ZIP : VA 22315
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,603.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031261696 MORTGAGORS: GOLDBERG BARRY
GOLDBERG MARY ANN
REGION CODE ADDRESS : 50 THORNDIKE STREET
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,772.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.00000
----------------------------------------------------------------
0 0031261738 MORTGAGORS: MEISSEN MICHAEL
MEISSEN KAREN
REGION CODE ADDRESS : 1310 MANASSAS TRAIL
01 CITY : MADISON
STATE/ZIP : WI 53718
MORTGAGE AMOUNT : 241,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,611.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.27800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,501,300.00
P & I AMT: 10,395.77
UPB AMT: 1,499,963.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 35
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031261951 MORTGAGORS: GURCHIEK CHRISTOPHER
GURCHIEK CONNIE
REGION CODE ADDRESS : 960 WATER GROVE COURT
01 CITY : ROSWELL
STATE/ZIP : GA 30075
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,580.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031262256 MORTGAGORS: CARPENTER ROBERT
CARPENTER CAROL
REGION CODE ADDRESS : 615 PENACOOK ROAD
01 CITY : CONTOOCOOK
STATE/ZIP : NH 03229
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,740.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,029.91 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.25000
----------------------------------------------------------------
0 0031262447 MORTGAGORS: O'DONNELL GEORGE
O'DONNELL PATRICE
REGION CODE ADDRESS : 111 RED OAK WAY
01 CITY : MONTGOMERY TOWNSHIP
STATE/ZIP : NJ 08502
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,752.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.26829
----------------------------------------------------------------
0 0031262991 MORTGAGORS: BYER RONALD
BYER OLGA
REGION CODE ADDRESS : 3 EVERGREEN COURT
01 CITY : MILLSTONE
STATE/ZIP : NJ 08535
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,688.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.15300
----------------------------------------------------------------
0 0031263023 MORTGAGORS: DONOVAN THOMAS
KRETKOWSKI AUDREY
REGION CODE ADDRESS : 612 LOXLEY DRIVE
01 CITY : TOMS RIVER
STATE/ZIP : NJ 08753
MORTGAGE AMOUNT : 120,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 120,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 818.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.55200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,260,500.00
P & I AMT: 8,609.56
UPB AMT: 1,259,573.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 36
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031264195 MORTGAGORS: KRUEGER CAMERON
KRUEGER DIANE
REGION CODE ADDRESS : 1026 ASHLAND AVENUE
01 CITY : WILMETTE
STATE/ZIP : IL 60091
MORTGAGE AMOUNT : 565,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 564,115.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,854.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.39700
----------------------------------------------------------------
0 0031264229 MORTGAGORS: WAGGENER-LANDGRAF SHAWN
REGION CODE ADDRESS : 982 EAST SHORE DRIVE
01 CITY : FOX LAKE
STATE/ZIP : IL 60020
MORTGAGE AMOUNT : 398,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,689.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,715.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 59.40200
----------------------------------------------------------------
0 0031264500 MORTGAGORS: SWOOPE ANTHONY
SWOOPE PATRICIA
REGION CODE ADDRESS : 3010 TAYLOR MAKENZYE COURT
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,139.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.17500
----------------------------------------------------------------
0 0031264559 MORTGAGORS: ZEBARI KHALAF
ZEBARI CHIMAN
REGION CODE ADDRESS : 7717 WHITE WILLOW COURT
01 CITY : SPRINGFIELD
STATE/ZIP : VA 22153
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,651.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 87.91200
----------------------------------------------------------------
0 0031264799 MORTGAGORS: KENNEDY WILLIAM
KENNEDY CHRISTINE
REGION CODE ADDRESS : 44 NORMAN DRIVE
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35223
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,710.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,624.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.35000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,823,000.00
P & I AMT: 12,570.75
UPB AMT: 1,820,307.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 37
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031265515 MORTGAGORS: BAKER JEFFREY
BAKER SUSAN
REGION CODE ADDRESS : 184 KAPUAHI STREET
01 CITY : MAKAWAO
STATE/ZIP : HI 96768
MORTGAGE AMOUNT : 198,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 197,567.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,401.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 79.20000
----------------------------------------------------------------
0 0031265606 MORTGAGORS: ROSE NORVELL
ROSE KATHY
REGION CODE ADDRESS : 3288 DONCASTER ROAD
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23452
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,564.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.20200
----------------------------------------------------------------
0 0031265762 MORTGAGORS: PALMER RICHARD
REGION CODE ADDRESS : 328 WILDOAK
01 CITY : SHREVEPORT
STATE/ZIP : LA 71106
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,816.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.38300
----------------------------------------------------------------
0 0031266422 MORTGAGORS: RATNER JOEL
REGION CODE ADDRESS : 124 EAST 84TH STREET #5B
01 CITY : NEW YORK
STATE/ZIP : NY 10028
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,483.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031266612 MORTGAGORS: SCHEFFLER STUART
SCHEFFLER BARBARA
REGION CODE ADDRESS : 63 EAST POINT DRIVE
01 CITY : SUGARLOAF KEY
STATE/ZIP : FL 33042
MORTGAGE AMOUNT : 640,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 638,947.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,257.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,715,000.00
P & I AMT: 11,642.07
UPB AMT: 1,712,896.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 38
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031266653 MORTGAGORS: BLAND RICHARD
BLAND EMILY
REGION CODE ADDRESS : 59 NORTH HILL CROSSING
01 CITY : STOWE
STATE/ZIP : VT 05672
MORTGAGE AMOUNT : 284,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,895.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,011.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/23
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.96470
----------------------------------------------------------------
0 0031268287 MORTGAGORS: DOWNEN CHARLES
DOWNEN SHERRY
REGION CODE ADDRESS : 3667 SOUTH OAK HILL LANE
01 CITY : ROGERSVILLE
STATE/ZIP : MO 65742
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,595.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.71400
----------------------------------------------------------------
0 0031268642 MORTGAGORS: SOLVEY LARRY
RUFENER-SOLVEY BARBARA
REGION CODE ADDRESS : 9364 BRAYMORE CIRCLE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,495.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.91 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031268816 MORTGAGORS: BROOKS SARAH
REGION CODE ADDRESS : 1247 APPLE VALLEY ROAD
01 CITY : LYONS
STATE/ZIP : CO 80540
MORTGAGE AMOUNT : 345,935.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,671.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,389.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 47.97900
----------------------------------------------------------------
0 0031268980 MORTGAGORS: BENNETT LEROY
BENNETT JEANNE
REGION CODE ADDRESS : 613 CAMINO DE CLARA
01 CITY : SOLANA BEACH
STATE/ZIP : CA 92075
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,603.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,467,535.00
P & I AMT: 10,130.95
UPB AMT: 1,465,261.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 39
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031269590 MORTGAGORS: ENAMANDRA NIRUPAMA
ENAMANDRA SRINIVASAMOORTH
REGION CODE ADDRESS : 43262 MENEMSHA LANE
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,582.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,629.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.80600
----------------------------------------------------------------
0 0031269889 MORTGAGORS: GARCIA JAMES
GARCIA THEA
REGION CODE ADDRESS : 164 STONEHILL RD
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 175,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 175,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,208.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.86861
----------------------------------------------------------------
0 0031270622 MORTGAGORS: STERN ROBERT
SIMMONS RUTHANNE
REGION CODE ADDRESS : 49 LYNN ROAD
01 CITY : NEEDHAM
STATE/ZIP : MA 02194
MORTGAGE AMOUNT : 406,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,410.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,873.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031270655 MORTGAGORS: JONES DWIGHT
REGION CODE ADDRESS : 120 FOREST STREET
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 419,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,360.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,893.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.48400
----------------------------------------------------------------
0 0031270986 MORTGAGORS: STAKER SAMUEL
STAKER KATHLEEN
REGION CODE ADDRESS : 826 SO CLARKSON ST.
01 CITY : DENVER
STATE/ZIP : CO 80209
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,561.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,528,000.00
P & I AMT: 10,515.53
UPB AMT: 1,525,914.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 40
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031271125 MORTGAGORS: DOLAN ROBERT
DOLAN PATRICIA
REGION CODE ADDRESS : 1568 YARDLEY-NEWTOWN ROAD
01 CITY : YARDLEY
STATE/ZIP : PA 19067
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,545.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.71 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 84.50700
----------------------------------------------------------------
0 0031271182 MORTGAGORS: SCHUR WAYNE
SCHUR BARBARA
REGION CODE ADDRESS : 8 RUSSELL DR.
01 CITY : NEWTOWN
STATE/ZIP : PA 18940
MORTGAGE AMOUNT : 334,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,502.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,335.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.58300
----------------------------------------------------------------
0 0031271406 MORTGAGORS: DITMER ROY
DITMER CHRISTINE
REGION CODE ADDRESS : 951 PATRICIAN COURT
01 CITY : FAIRVIEW
STATE/ZIP : TX 75069
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,772.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.60100
----------------------------------------------------------------
0 0031271505 MORTGAGORS: GALLO JOHN
GALLO MARY
REGION CODE ADDRESS : 12 STETSON STREET
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,747.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 44.11700
----------------------------------------------------------------
0 0031271661 MORTGAGORS: KELLER SHAUN
KELLER CATHERINE
REGION CODE ADDRESS : 6 FRANKLIN ROAD
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,772.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.84600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,502,000.00
P & I AMT: 10,211.44
UPB AMT: 1,500,340.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031272438 MORTGAGORS: WORTELL BRENTON
WORTELL KATHRYN
REGION CODE ADDRESS : 227 MARY STREET
01 CITY : GLENCOE
STATE/ZIP : IL 60022
MORTGAGE AMOUNT : 543,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 542,586.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,750.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.02900
----------------------------------------------------------------
0 0031272479 MORTGAGORS: TRAFTON JACK
TRAFTON MARIA
REGION CODE ADDRESS : 106 KENT DRIVE
01 CITY : NORTH WALES
STATE/ZIP : PA 19454
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,811.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 86.83700
----------------------------------------------------------------
0 0031274459 MORTGAGORS: POWER MARGARET
EISENBERG JOEL
REGION CODE ADDRESS : 1426 KIRBY ROAD
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 611,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 610,095.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,065.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 64.73517
----------------------------------------------------------------
0 0031274558 MORTGAGORS: LEMKE ARTHUR
REGION CODE ADDRESS : 10 WILTED GRASS TRAIL
01 CITY : SHAMONG
STATE/ZIP : NJ 08088
MORTGAGE AMOUNT : 243,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,319.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.43800
----------------------------------------------------------------
0 0031274616 MORTGAGORS: HENDERSON J.
NEWBY PAIGE
REGION CODE ADDRESS : 16 MONTAGUE STREET
01 CITY : PROVIDENCE
STATE/ZIP : RI 02906
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,806.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,824.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.57100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,912,600.00
P & I AMT: 13,119.57
UPB AMT: 1,910,619.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031275894 MORTGAGORS: FURLOW C.
FURLOW KANDIS
REGION CODE ADDRESS : 72 DALE ROAD
01 CITY : MIDDLETOWN
STATE/ZIP : NJ 07748
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,603.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 82.53968
----------------------------------------------------------------
0 0031276785 MORTGAGORS: CHO MOON
CHO JEANNIE
REGION CODE ADDRESS : 2924 OAK SHADOW DRIVE
01 CITY : OAK HILL
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 339,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,755.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,285.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.90500
----------------------------------------------------------------
0 0031277122 MORTGAGORS: BRADLEY EDWARD
BRADLEY JANIE
REGION CODE ADDRESS : 700 UTE AVENUE #307A
01 CITY : ASPEN
STATE/ZIP : CO 81611
MORTGAGE AMOUNT : 615,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 613,982.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,355.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 74.80851
----------------------------------------------------------------
0 0031277544 MORTGAGORS: DEWHIRST BRIAN
DEWHIRST LINDA
REGION CODE ADDRESS : 1389 FAIRFIELD BEACH ROAD
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
MORTGAGE AMOUNT : 553,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 552,579.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,819.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 58.21000
----------------------------------------------------------------
0 0031277692 MORTGAGORS: YOUNG ROBERT
YOUNG DONNA
REGION CODE ADDRESS : 661 MARSTEN GREEN COURT
01 CITY : AMBLER
STATE/ZIP : PA 19002
MORTGAGE AMOUNT : 278,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,252.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 63.48500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,046,300.00
P & I AMT: 14,133.84
UPB AMT: 2,043,173.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031277965 MORTGAGORS: BASSETT LAWRENCE
REGION CODE ADDRESS : 9496 BARTGIS COURT
01 CITY : FREDERICK
STATE/ZIP : MD 21702
MORTGAGE AMOUNT : 357,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,227.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,469.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.58300
----------------------------------------------------------------
0 0031278104 MORTGAGORS: VAUGHN EDWARD
VAUGHN MARILYN
REGION CODE ADDRESS : 132 SPINNAKER AVE
01 CITY : MANAHAWKIN
STATE/ZIP : NJ 08050
MORTGAGE AMOUNT : 128,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 128,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 873.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031278203 MORTGAGORS: WILSON GILBERT
WILSON-GREY MARGARET
REGION CODE ADDRESS : 94 JUNIPER LANE WEST
01 CITY : SOUTH CHATHAM
STATE/ZIP : MA 02659
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,506.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.25700
----------------------------------------------------------------
0 0031278971 MORTGAGORS: RICH MICHAEL
RICH VIRGINIA
REGION CODE ADDRESS : 1 VANDERPOOL DRIVE
01 CITY : MORRISTOWN
STATE/ZIP : NJ 07960
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.47300
----------------------------------------------------------------
0 0031280084 MORTGAGORS: TOMPKINS LEE
REGION CODE ADDRESS : 233 MEDINAH DRIVE
01 CITY : ST SIMONS ISLAND
STATE/ZIP : GA 31522
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,525.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,994.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.19500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,326,500.00
P & I AMT: 9,024.62
UPB AMT: 1,325,259.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031280514 MORTGAGORS: VOURAKIS ZAN
JOHNSON PETER
REGION CODE ADDRESS : 2063 MADRILLON ROAD
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,779.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031280563 MORTGAGORS: FIELDS GEORGE
FIELDS CHRISTINE
REGION CODE ADDRESS : 2033 HAVERFORD DRIVE
01 CITY : CROWNSVILLE
STATE/ZIP : MD 21032
MORTGAGE AMOUNT : 457,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 456,918.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,199.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031280605 MORTGAGORS: PETRILLA JAMES
PETRILLA DONNA
REGION CODE ADDRESS : 4723 FROST LANE
01 CITY : DOYLESTOWN
STATE/ZIP : PA 18901
MORTGAGE AMOUNT : 335,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,170.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.67 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.94047
----------------------------------------------------------------
0 0031280894 MORTGAGORS: MAYHER SUSAN
REGION CODE ADDRESS : 103 WEST DRIVE
01 CITY : MARGARETTA TWP.
STATE/ZIP : OH 43464
MORTGAGE AMOUNT : 105,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 105,415.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 710.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.14800
----------------------------------------------------------------
0 0031281124 MORTGAGORS: RUBIN ROBERT
HILL-RUBIN JENNIFER
REGION CODE ADDRESS : 2 MANNING WAY
01 CITY : SHARON
STATE/ZIP : MA 02067
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,790.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 57.27000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,458,850.00
P & I AMT: 9,942.93
UPB AMT: 1,457,074.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 45
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031281397 MORTGAGORS: TINKER JOHN
TINKER ELIZABETH
REGION CODE ADDRESS : 24 KINGS HWY
01 CITY : CHESTER
STATE/ZIP : CT 06412
MORTGAGE AMOUNT : 275,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,268.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.84 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031281603 MORTGAGORS: REVIS JOHN
REVIS GEORGIA
REGION CODE ADDRESS : 1500 WASHINGTON AVENUE
01 CITY : WILMETTE
STATE/ZIP : IL 60091
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,435.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,555.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.00000
----------------------------------------------------------------
0 0031281694 MORTGAGORS: DUERKSEN ARDEN
DRENTEA SIMONA
REGION CODE ADDRESS : 2500 WEXFORD COURT
01 CITY : NEW BRIGHTON
STATE/ZIP : MN 55112
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,599.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 83.63600
----------------------------------------------------------------
0 0031281777 MORTGAGORS: BRUDNO ROBERT
BRUDNO SHEILA
REGION CODE ADDRESS : 3 WINGSPREAD LANE
01 CITY : NANTUCKET
STATE/ZIP : MA 02554
MORTGAGE AMOUNT : 623,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 622,072.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,356.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 27.68888
----------------------------------------------------------------
0 0031281892 MORTGAGORS: LAZARUS KENNETH
LAZARUS SARAH
REGION CODE ADDRESS : 85 REVOLUTIONARY ROAD
01 CITY : CONCORD
STATE/ZIP : MA 01742
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,499.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,864,500.00
P & I AMT: 12,857.92
UPB AMT: 1,861,874.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 46
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031281900 MORTGAGORS: MOODY GEORGE
MOODY SANDRA
REGION CODE ADDRESS : 7458 WETHERINGTON DRIVE
01 CITY : WEST CHESTER
STATE/ZIP : OH 45069
MORTGAGE AMOUNT : 509,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 509,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,693.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.97600
----------------------------------------------------------------
0 0031282189 MORTGAGORS: SHERMAN HOWARD
KAPLAN ELISSA
REGION CODE ADDRESS : 218 BENNER STREET
01 CITY : HIGHLAND PARK
STATE/ZIP : NJ 08904
MORTGAGE AMOUNT : 125,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 125,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 846.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.10500
----------------------------------------------------------------
0 0031282304 MORTGAGORS: MULLIGAN KEVIN
MULLIGAN LINDA
REGION CODE ADDRESS : 54 WORDEN STREET
01 CITY : WOODBRIDGE
STATE/ZIP : NJ 07095
MORTGAGE AMOUNT : 112,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 112,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 745.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031282775 MORTGAGORS: SCHWARTZ SCOTT
SCHWARTZ DEBRA
REGION CODE ADDRESS : 42 LAURA LANE
01 CITY : MORRISTOWN
STATE/ZIP : NJ 07960
MORTGAGE AMOUNT : 570,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 568,970.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,591.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.25000
----------------------------------------------------------------
0 0031283278 MORTGAGORS: BALSINGER JOHN
BALSINGER HOLLY
REGION CODE ADDRESS : 225 VERNA HILL ROAD
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,743.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.59 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,588,200.00
P & I AMT: 11,658.32
UPB AMT: 1,586,713.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 47
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031283708 MORTGAGORS: CIKANEK HARRY
CIKANEK ERICA
REGION CODE ADDRESS : 2727 COLCHESTER ROAD
01 CITY : CLEVELAND HEIGHTS
STATE/ZIP : OH 44106
MORTGAGE AMOUNT : 204,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 203,672.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,374.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.86200
----------------------------------------------------------------
0 0031283922 MORTGAGORS: YANG MICHAEL
EVANS-YANG DAWN
REGION CODE ADDRESS : 25671 PACIFIC HILLS DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,165.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,015.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 60.23800
----------------------------------------------------------------
0 0031285414 MORTGAGORS: VIAULT ANDRE
VIAULT KATHRYN
REGION CODE ADDRESS : 1333-1335 PRESTON WAY
01 CITY : VENICE
STATE/ZIP : CA 90291
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,410.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,299.25 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031285562 MORTGAGORS: DENNIS MARK
DENNIS BETH
REGION CODE ADDRESS : 31 CAVESWOOD LANE
01 CITY : OWING MILLS
STATE/ZIP : MD 21117
MORTGAGE AMOUNT : 298,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,132.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,036.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.83900
----------------------------------------------------------------
0 0031286214 MORTGAGORS: BOYLAND NOEL
BOYLAND LORI
REGION CODE ADDRESS : 35 LAUREL HILL ROAD
01 CITY : CENTERPORT
STATE/ZIP : NY 11721
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,724.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,235.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.04300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,491,600.00
P & I AMT: 9,961.91
UPB AMT: 1,489,106.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 48
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031286297 MORTGAGORS: RUE ELIZABETH
SEALEY PETER
REGION CODE ADDRESS : 13513 COUNTRY WAY
01 CITY : LOS ALTOS HILLS
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 793,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 792,925.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,616.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 015
LTV : 48.38400
----------------------------------------------------------------
0 0031286834 MORTGAGORS: FEUERSTEIN JOSEPH
FEUERSTEIN KRISTEN
REGION CODE ADDRESS : 18625 BEVERLY ROAD SW
01 CITY : SEATTLE
STATE/ZIP : WA 98166
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,299.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.02600
----------------------------------------------------------------
0 0031286875 MORTGAGORS: WU FRANK
MENG PRISCILLA
REGION CODE ADDRESS : 6 RED FEATHER COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,529.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,600.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 30.95200
----------------------------------------------------------------
0 0031287006 MORTGAGORS: VARLEY BRIAN
VARLEY JEANNE
REGION CODE ADDRESS : 251 BULL MILL RD
01 CITY : CHESTER
STATE/ZIP : NY 10918
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,792.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 87.50000
----------------------------------------------------------------
0 0031287519 MORTGAGORS: GRISWOLD BRAD
GRISWOLD VALERIE
REGION CODE ADDRESS : 230 BELLA VISTA DRIVE
01 CITY : BETHLEHEM
STATE/ZIP : PA 18017
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,597.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,265,000.00
P & I AMT: 15,962.31
UPB AMT: 2,263,143.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 49
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031287576 MORTGAGORS: SHAW ROBERT
REGION CODE ADDRESS : 4 SPRING COURT
01 CITY : UPPER MAKEFIELD TWP.
STATE/ZIP : PA 18977
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,789.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,648.89 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 62.75000
----------------------------------------------------------------
0 0031287782 MORTGAGORS: IREI MICHAEL
IREI MARTHA
REGION CODE ADDRESS : 6202 EAST CALLE DEL MEDIA
01 CITY : PHOENIX
STATE/ZIP : AZ 85251
MORTGAGE AMOUNT : 314,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,007.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,145.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 87.36100
----------------------------------------------------------------
0 0031288202 MORTGAGORS: RUBIN BURTON
RUBIN CINDY
REGION CODE ADDRESS : 9 SENTINEL ROAD
01 CITY : HINGHAM
STATE/ZIP : MA 02043
MORTGAGE AMOUNT : 406,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,838.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.46400
----------------------------------------------------------------
0 0031288285 MORTGAGORS: ORTIZ ROBERT
ORTIZ JULIE
REGION CODE ADDRESS : 20989 FLATBOAT COURT
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,533.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,032.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 88.95500
----------------------------------------------------------------
0 0031288475 MORTGAGORS: KIRCHER GARY
KIRCHER LEONARDA
REGION CODE ADDRESS : 1599 BAKER RD.
01 CITY : DEXTER
STATE/ZIP : MI 48130
MORTGAGE AMOUNT : 150,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 150,282.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,026.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,900.00
P & I AMT: 9,692.04
UPB AMT: 1,418,613.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 50
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031288913 MORTGAGORS: DANIELS WILLIAM
ZANO-DANIELS LILIAN
REGION CODE ADDRESS : 14808 GREEN POST COURT
01 CITY : CENTREVILLE
STATE/ZIP : VA 20121
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,803.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.53800
----------------------------------------------------------------
0 0031289184 MORTGAGORS: HORROCKS MARK
HORROCKS JORIE
REGION CODE ADDRESS : 11 CARMEL WAY
01 CITY : EATONTOWN
STATE/ZIP : NJ 07724
MORTGAGE AMOUNT : 136,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 136,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,060.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031289424 MORTGAGORS: CLAYTON DAVID
CLAYTON MUREIL
REGION CODE ADDRESS : 3325 NORTH HAWES ROAD
01 CITY : MESA
STATE/ZIP : AZ 85207
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,173.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.59500
----------------------------------------------------------------
0 0031289531 MORTGAGORS: ALTERMAN HARVEY
MANUS RHONDA
REGION CODE ADDRESS : 30 BOUTON STREET
01 CITY : SOUTH SALEM
STATE/ZIP : NY 10590
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.11500
----------------------------------------------------------------
0 0031289762 MORTGAGORS: TALBOT RANDALL
TALBOT MARGARET
REGION CODE ADDRESS : 3421 EVERGREEN PT. RD
01 CITY : MEDINA
STATE/ZIP : WA 98039
MORTGAGE AMOUNT : 1,000,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 999,180.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,653.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 015
LTV : 58.65100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,048,800.00
P & I AMT: 14,016.81
UPB AMT: 2,046,956.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 51
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031289804 MORTGAGORS: BASCARA DAVY
BASCARA YASMIN
REGION CODE ADDRESS : 39 BUFORD ROAD
01 CITY : ROBBINSVILLE
STATE/ZIP : NJ 08691
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,780.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.69400
----------------------------------------------------------------
0 0031289853 MORTGAGORS: TERLECKI GREGORY
TERLECKI PATRICIA
REGION CODE ADDRESS : 6361 ALDERMAN DRIVE
01 CITY : KINGSTOWNE
STATE/ZIP : VA 22315
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,763.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031289879 MORTGAGORS: WEAVER CRAIG
WEAVER ELLEN
REGION CODE ADDRESS : 913 COPES LANE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19382
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,781.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.01 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 57.14285
----------------------------------------------------------------
0 0031289887 MORTGAGORS: REMLINGER LON
REMLINGER DEBRA
REGION CODE ADDRESS : 2949 CRAVEY DRIVE
01 CITY : ALANTA
STATE/ZIP : GA 30345
MORTGAGE AMOUNT : 304,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,962.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031289903 MORTGAGORS: VOIGHT JACQUELINE
REGION CODE ADDRESS : 21387 TWAIN TERRACE
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 162,139.00 OPTION TO CONVERT :
UNPAID BALANCE : 162,018.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,133.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,282,339.00
P & I AMT: 8,615.97
UPB AMT: 1,281,307.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 52
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031289929 MORTGAGORS: PHILLIPS SHARON
REGION CODE ADDRESS : 649 GOODRICH AVE
01 CITY : SAINT PAUL
STATE/ZIP : MN 55105
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,796.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.26400
----------------------------------------------------------------
0 0031290182 MORTGAGORS: REGLI WILLIAM
REGLI LUCKY
REGION CODE ADDRESS : 50 KINGS CREEK CIRCLE
01 CITY : REHOBOTH BEACH
STATE/ZIP : DE 19971
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,516.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.39 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 78.41530
----------------------------------------------------------------
0 0031290232 MORTGAGORS: TAHAJIAN DAVID
TAHAJIAN CATHERINE
REGION CODE ADDRESS : 40 LINCOLN STREET
01 CITY : BELMONT
STATE/ZIP : MA 02178
MORTGAGE AMOUNT : 398,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,104.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,785.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.68000
----------------------------------------------------------------
0 0031290927 MORTGAGORS: ALSTON EDWARD
ALSTON SHEILA
REGION CODE ADDRESS : 5321 S. HOLT AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90056
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,731.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,346.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.18100
----------------------------------------------------------------
0 0031291503 MORTGAGORS: MC CARTHY KARL
MC CARTHY KATHLEEN
REGION CODE ADDRESS : 61 COSMA ROAD
01 CITY : EASTON
STATE/ZIP : MA 02356
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,297.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,646.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 56.63600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,524,900.00
P & I AMT: 10,314.33
UPB AMT: 1,523,446.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 53
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031291750 MORTGAGORS: TAYLOR FREDRICK
SHARP BARBARA
REGION CODE ADDRESS : 2 ELLEN CT.
01 CITY : WAYSIDE
STATE/ZIP : NJ 07712
MORTGAGE AMOUNT : 167,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 167,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,139.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.88700
----------------------------------------------------------------
0 0031292808 MORTGAGORS: TAYLOR MARY
PHENNER LEE
REGION CODE ADDRESS : 131 MAGAZINE STREET, UNIT #3
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02139
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 84.93500
----------------------------------------------------------------
0 0031293061 MORTGAGORS: MCKINLEY DAVID
MCKINLEY SHARON
REGION CODE ADDRESS : 46 CRANE NECK ROAD
01 CITY : OLD FIELD
STATE/ZIP : NY 11733
MORTGAGE AMOUNT : 411,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 410,854.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,701.29 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031293210 MORTGAGORS: SAMSON DANIEL
SAMSON VIVIAN
REGION CODE ADDRESS : 52 KNOX AVENUE
01 CITY : CLIFFSIDE PARK
STATE/ZIP : NJ 07010
MORTGAGE AMOUNT : 164,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 164,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,146.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031293913 MORTGAGORS: HETTLER DAVID
HETTLER SANDI
REGION CODE ADDRESS : 10302 MYSTIC MEADOW WAY
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 479,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,568.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,310.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.50700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,486,500.00
P & I AMT: 10,060.72
UPB AMT: 1,485,422.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 54
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031294291 MORTGAGORS: KEPLESKY JAMES
KEPLESKY ELIZABETH
REGION CODE ADDRESS : 11 SACHEM ROAD
01 CITY : WESTON
STATE/ZIP : CT 06883
MORTGAGE AMOUNT : 470,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 469,624.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,166.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.41100
----------------------------------------------------------------
0 0031294440 MORTGAGORS: BRADLEY MARK
REGION CODE ADDRESS : 9 VICTORIA LANE
01 CITY : MORRIS TOWNSHIP
STATE/ZIP : NJ 07960
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,494.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,463.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031294689 MORTGAGORS: CUNNINGHAM STEVEN
CUNNINGHAM LYNN
REGION CODE ADDRESS : 448 HOMESTEAD AVE
01 CITY : METAIRIE
STATE/ZIP : LA 70005
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,765.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031294705 MORTGAGORS: SCOTT DONALD
REGION CODE ADDRESS : 40 FOREST DRIVE
01 CITY : MANSFIELD
STATE/ZIP : TX 76063
MORTGAGE AMOUNT : 236,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,617.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0031294838 MORTGAGORS: SCHEIFELE CARL
SCHEIFELE PAMELA
REGION CODE ADDRESS : 1660 LITTLE CONESTOGA ROAD
01 CITY : GLENMOORE
STATE/ZIP : PA 19343
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,419.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,045.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,774,050.00
P & I AMT: 12,432.96
UPB AMT: 1,771,922.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 55
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031294853 MORTGAGORS: DOBSON DOMINIC
DOBSON KRISTEN
REGION CODE ADDRESS : 9520 NE 24TH STREET
01 CITY : BELLEVUE
STATE/ZIP : WA 98004
MORTGAGE AMOUNT : 496,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,279.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,510.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031295686 MORTGAGORS: DELUCA CHRISTOPHER
DELUCA JULIE
REGION CODE ADDRESS : 108 RIVERBEND DRIVE
01 CITY : GROTON
STATE/ZIP : MA 01450
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,804.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.71700
----------------------------------------------------------------
0 0031296056 MORTGAGORS: LUCAS DANIEL
LUCAS SHANNON
REGION CODE ADDRESS : 216 E BANTA ROAD
01 CITY : INDIANAPOLIS
STATE/ZIP : IN 46227
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,797.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.92900
----------------------------------------------------------------
0 0031296205 MORTGAGORS: LIVINGSTON JOHN
LIVINGSTON ELIZABETH
REGION CODE ADDRESS : 1522 PACIFIC RANCH
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,056.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031296635 MORTGAGORS: ROSADO ALINA
ROSADO DON
REGION CODE ADDRESS : 3665 RIVER HOLLOW RUN
01 CITY : DULUTH
STATE/ZIP : GA 30096
MORTGAGE AMOUNT : 257,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,693.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,737.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.96600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,551,150.00
P & I AMT: 10,823.13
UPB AMT: 1,549,631.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 56
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031296742 MORTGAGORS: QUINEHAN CRAIG
QUINEHAN JANE
REGION CODE ADDRESS : 5221 169TH LANE NW
01 CITY : ANDOVER
STATE/ZIP : MN 55304
MORTGAGE AMOUNT : 253,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,257.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,750.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031296783 MORTGAGORS: STONEHOCKER TIM
STONEHOCKER JENNIFER
REGION CODE ADDRESS : 3825 GREEN VALLEY LANE
01 CITY : CEDAR RAPIDS
STATE/ZIP : IA 52411
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,007.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031296825 MORTGAGORS: ZAMZOK JONATHAN
ZAMZOK DIANE
REGION CODE ADDRESS : 227 BEDFORD ROAD
01 CITY : GREENWICH
STATE/ZIP : CT 06831
MORTGAGE AMOUNT : 900,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 898,626.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,216.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 65.45400
----------------------------------------------------------------
0 0031297138 MORTGAGORS: GERBER JOSEPH
GERBER BEVERLY
REGION CODE ADDRESS : 1367 WEST INDIAN CREEK DRIVE
01 CITY : WYNNEWOOD
STATE/ZIP : PA 19096
MORTGAGE AMOUNT : 407,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,658.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,673.71 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 70.29361
----------------------------------------------------------------
0 0031297245 MORTGAGORS: VIOLANTE ROBERT
VIOLANTE JANIS
REGION CODE ADDRESS : 16 PHEASANT HOLLOW ROAD
01 CITY : NATICK
STATE/ZIP : MA 01760
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,754.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.32800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,107,650.00
P & I AMT: 14,322.56
UPB AMT: 2,105,302.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 57
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031297344 MORTGAGORS: WARMINGTON JAMES
WARMINGTON VICTORIA
REGION CODE ADDRESS : 307 FAIRWAY ROAD
01 CITY : SUN VALLEY
STATE/ZIP : ID 83353
MORTGAGE AMOUNT : 1,000,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 998,395.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,737.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 250
LTV : 30.30300
----------------------------------------------------------------
0 0031297351 MORTGAGORS: HERRON KEITH
HERRON LISA
REGION CODE ADDRESS : 13019 AVENIDA LA VALENCIA
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,750.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031297468 MORTGAGORS: WARMINGTON EDWARD
REGION CODE ADDRESS : 125 VIA KORON
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,587.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 42.18700
----------------------------------------------------------------
0 0031297484 MORTGAGORS: FORSYTHE JAMES
FORSYTHE BETTY
REGION CODE ADDRESS : 29567 N. GILMER RD.
01 CITY : GRAYSLAKE
STATE/ZIP : IL 60030
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,648.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,069.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 48.64864
----------------------------------------------------------------
0 0031297575 MORTGAGORS: CRANNY MICHAEL
CRANNY DEBORAH
REGION CODE ADDRESS : 154 OJIBWA RD. N.
01 CITY : BRAINERD
STATE/ZIP : MN 56401
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,819.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,582.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,272,000.00
P & I AMT: 15,437.41
UPB AMT: 2,269,202.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 58
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031297674 MORTGAGORS: HANOYAN ZACHARY
HANOYAN HELENE
REGION CODE ADDRESS : 74 FORD ROAD
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,544.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,955.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/23
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.00000
----------------------------------------------------------------
0 0031297724 MORTGAGORS: PENNINGTON RONALD
PENNINGTON LAURA
REGION CODE ADDRESS : 851 WEST LATIMER AVENUE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,650.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.08500
----------------------------------------------------------------
0 0031297740 MORTGAGORS: LAUBER MICHAEL
FLANDERS MARYBETH
REGION CODE ADDRESS : 38 UNION PARK
01 CITY : BOSTON
STATE/ZIP : MA 02118
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,656.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,362.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 42.41000
----------------------------------------------------------------
0 0031299001 MORTGAGORS: JACKAPINO GERALD
JACKAPINO KELLY
REGION CODE ADDRESS : 38 VIRGINA AVENUE
01 CITY : HAZLET
STATE/ZIP : NJ 07730
MORTGAGE AMOUNT : 130,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 130,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 897.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.78700
----------------------------------------------------------------
0 0031299407 MORTGAGORS: BRACAGLIA JOHN
BRACAGLIA DEBORAH
REGION CODE ADDRESS : 55 LAKE ROAD
01 CITY : BASKING RIDGE
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,294.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,546.91 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 61.15384
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,478,500.00
P & I AMT: 10,405.93
UPB AMT: 1,477,144.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 59
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031299605 MORTGAGORS: HANSEN RAY
HANSEN NANCY
REGION CODE ADDRESS : 730 NORTH ROSEMARY DRIVE
01 CITY : BRYAN
STATE/ZIP : TX 77802
MORTGAGE AMOUNT : 473,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 472,812.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,351.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.31800
----------------------------------------------------------------
0 0031299621 MORTGAGORS: ERKER CHRIS
MIKELONIS LISA
REGION CODE ADDRESS : 863 BONDE COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,730.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,632.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.82800
----------------------------------------------------------------
0 0031299779 MORTGAGORS: SMOTHERS WILLIAM
REGION CODE ADDRESS : 3180 ADAM KEELING ROAD
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23454
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,454.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,290.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031300205 MORTGAGORS: MORGAN MARGIE
RUANE PETER
REGION CODE ADDRESS : 256 TILDEN AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 774,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 772,818.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,345.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 68.80000
----------------------------------------------------------------
0 0031300221 MORTGAGORS: STERNTHAL ELLIOT
STERNTHAL ADRIANNE
REGION CODE ADDRESS : 1420 BEACON STREET
01 CITY : WABAN
STATE/ZIP : MA 02168
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,761.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,335.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,289,500.00
P & I AMT: 15,956.60
UPB AMT: 2,286,577.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 60
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031300312 MORTGAGORS: TOLINS NORA
TOLINS ROBERT
REGION CODE ADDRESS : 60 WILLOWGATE RISE
01 CITY : HOLLISTON
STATE/ZIP : MA 01746
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,816.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,079.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 84.08400
----------------------------------------------------------------
0 0031300940 MORTGAGORS: GUIDO ANTHONY
GUIDO DORIS
REGION CODE ADDRESS : 20812 SWANS WAY
01 CITY : DEER PARK
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 48.78000
----------------------------------------------------------------
0 0031301724 MORTGAGORS: MITCHELL SCOTT
MITCHELL SONIA
REGION CODE ADDRESS : 22 KENNEL HILL DRIVE
01 CITY : BEVERLY
STATE/ZIP : MA 01915
MORTGAGE AMOUNT : 210,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 209,840.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,450.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 92.92000
----------------------------------------------------------------
0 0031301807 MORTGAGORS: HATCHER NELSON
HATCHER DEBBIE
REGION CODE ADDRESS : 7531 TERRY COURT
01 CITY : ARVADA
STATE/ZIP : CO 80007
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,781.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031301989 MORTGAGORS: BAILEY RITA
BAILEY ROBERT
REGION CODE ADDRESS : 27 BEACH DRIVE
01 CITY : DARIEN
STATE/ZIP : CT 06820
MORTGAGE AMOUNT : 483,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 482,623.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,294.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.55200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,553,000.00
P & I AMT: 10,806.46
UPB AMT: 1,551,833.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 61
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031302086 MORTGAGORS: DAILEY JOHN
DAILEY JANEY
REGION CODE ADDRESS : 2065 ROBERTS PLACE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,616.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.13400
----------------------------------------------------------------
0 0031302151 MORTGAGORS: GORDON BRUCE
SMITH MARSHA
REGION CODE ADDRESS : 2233 275TH COURT S.E.
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,488.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,313.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.38300
----------------------------------------------------------------
0 0031302268 MORTGAGORS: SPITZFADEN HAROLD
STAUDT MARY
REGION CODE ADDRESS : 492 OENOKE RIDGE
01 CITY : NEW CANAAN
STATE/ZIP : CT 06840
MORTGAGE AMOUNT : 493,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 492,615.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,363.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 56.66600
----------------------------------------------------------------
0 0031302433 MORTGAGORS: MATTINGLY BONNIE
REGION CODE ADDRESS : 22204 WILLISVILLE ROAD
01 CITY : UPPERVILLE
STATE/ZIP : VA 20184
MORTGAGE AMOUNT : 449,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,290.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,029.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.94100
----------------------------------------------------------------
0 0031302474 MORTGAGORS: BARSNESS GEORGE
BARSNESS KATHRINE
REGION CODE ADDRESS : 309 MANSION DRIVE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22302
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,318.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,863.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.40600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,947,650.00
P & I AMT: 13,240.90
UPB AMT: 1,945,329.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 62
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031302649 MORTGAGORS: YU FREDERICK
REGION CODE ADDRESS : 1545 RANCHO AVENUE
01 CITY : GLENDALE
STATE/ZIP : CA 91201
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,975.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.45000 PRODUCT CODE : 250
LTV : 78.26087
----------------------------------------------------------------
0 0031302672 MORTGAGORS: ALLEN JEFFREY
ALLEN WENDY
REGION CODE ADDRESS : 6835 FORTUNA ROAD
01 CITY : GOLETA
STATE/ZIP : CA 93117
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,287.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,738.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.65000 PRODUCT CODE : 250
LTV : 79.03200
----------------------------------------------------------------
0 0031302698 MORTGAGORS: PEREIRA BRIAN
PEREIRA LISA
REGION CODE ADDRESS : 538 KNOLLWOOD COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,377.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,428.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031302755 MORTGAGORS: COWANS MARK
COWANS CAROL
REGION CODE ADDRESS : 1461 HALIBUT STREET
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,807.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,726.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 78.78700
----------------------------------------------------------------
0 0031303324 MORTGAGORS: PARIS SCOT
PARIS SANDRA
REGION CODE ADDRESS : 17 TWILIGHT CIRCLE
01 CITY : COLLEGEVILLE
STATE/ZIP : PA 19426
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,815.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,509,000.00
P & I AMT: 10,506.51
UPB AMT: 1,504,263.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 63
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031303415 MORTGAGORS: RICHARDS STEPHEN
RICHARDS JEANNE
REGION CODE ADDRESS : 16 BALMORAL ROAD
01 CITY : BOXFORD
STATE/ZIP : MA 01921
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,779.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.31500
----------------------------------------------------------------
0 0031303837 MORTGAGORS: DE VOL DAVID
DE VOL KAY
REGION CODE ADDRESS : 1 LAKE HELIX DRIVE
01 CITY : LA MESA
STATE/ZIP : CA 91941
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,499.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,441.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.63100
----------------------------------------------------------------
0 0031304140 MORTGAGORS: CHARMELLO JOSEPH
CHARMELLO ALYSSA
REGION CODE ADDRESS : 33 WETHERHILL WAY
01 CITY : SOUTH BRUNSWICK
STATE/ZIP : NJ 08810
MORTGAGE AMOUNT : 169,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 169,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,138.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.78400
----------------------------------------------------------------
0 0031304173 MORTGAGORS: CHATTOPADHYAY PINAKI
CHATTOPADHYAY RUMANA
REGION CODE ADDRESS : 7 FALCON COURT
01 CITY : OLD BRIDGE
STATE/ZIP : NJ 08857
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,716.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,174.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.21700
----------------------------------------------------------------
0 0031304231 MORTGAGORS: FANTUZZI ALFRED
FANTUZZI ALYSCEA
REGION CODE ADDRESS : 44 DOGWOOD ROAD
01 CITY : MORRIS PLAINS
STATE/ZIP : NJ 07950
MORTGAGE AMOUNT : 213,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 213,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,471.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.75000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,167,000.00
P & I AMT: 8,228.80
UPB AMT: 1,165,994.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 64
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031304272 MORTGAGORS: CHELIUS GERALD
CHELIUS VIRGINIA
REGION CODE ADDRESS : 13 FRANCES COURT
01 CITY : MANCHESTER
STATE/ZIP : NJ 08759
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 200,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,364.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.43100
----------------------------------------------------------------
0 0031304306 MORTGAGORS: LUCAS ALBERT
YOUNG MITZI
REGION CODE ADDRESS : 5806 OGDEN COURT
01 CITY : BETHESDA
STATE/ZIP : MD 20816
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,747.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,377.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031304397 MORTGAGORS: BURT CHRISTOPHER
BURT KATHYRN
REGION CODE ADDRESS : 123 WAHACKME ROAD
01 CITY : NEW CANAAN
STATE/ZIP : CT 06840
MORTGAGE AMOUNT : 565,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 564,158.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,950.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.66700
----------------------------------------------------------------
0 0031305295 MORTGAGORS: STEIN CLEONNE
REGION CODE ADDRESS : 24378 MORNINGTON DRIVE
01 CITY : SANTA CLARITA (VALENCIA A
STATE/ZIP : CA 91355
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,368.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,964.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.25200
----------------------------------------------------------------
0 0031305329 MORTGAGORS: CRAWFORD JOAN
REGION CODE ADDRESS : 4236 WEST ARM DRIVE
01 CITY : SPRING PARK
STATE/ZIP : MN 55384
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,530.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.17000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,829,000.00
P & I AMT: 12,703.46
UPB AMT: 1,826,805.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 65
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031306483 MORTGAGORS: DAVISON HENRY
DAVISON OAKLEY
REGION CODE ADDRESS : 20 RED FOX COURT
01 CITY : SKILLMAN
STATE/ZIP : NJ 08558
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,785.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.93300
----------------------------------------------------------------
0 0031306996 MORTGAGORS: COHEN BRUCE
COHEN ROBYN
REGION CODE ADDRESS : 408 PRINCE ROYAL DRIVE
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 373,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,308.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031307127 MORTGAGORS: MARTIN JAMES
MARTIN SUSAN
REGION CODE ADDRESS : 513 BEAUREGUARD DRIVE SE
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,490.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.48700
----------------------------------------------------------------
0 0031307325 MORTGAGORS: MAZZURCO VINCENZO
REGION CODE ADDRESS : 5952 WILSON AVENUE SOUTH
01 CITY : SEATTLE
STATE/ZIP : WA 98118
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,480.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031307416 MORTGAGORS: NORRIS GILLIAN
REGION CODE ADDRESS : 127 NORTHCREST DRIVE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 332,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,159.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,352.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.93000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,652,000.00
P & I AMT: 11,407.13
UPB AMT: 1,650,225.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 66
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031307481 MORTGAGORS: FLORENZ DOMENIC
FLORENZ MARY
REGION CODE ADDRESS : 1079 TILLINGHAST ROAD
01 CITY : EAST GREENWICH
STATE/ZIP : RI 02818
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,738.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,461.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.66600
----------------------------------------------------------------
0 0031307846 MORTGAGORS: JENKALA SAM
JENKALA ZIVA
REGION CODE ADDRESS : 3508 ALANA DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 601,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 600,105.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,202.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.70500
----------------------------------------------------------------
0 0031308125 MORTGAGORS: VUKIC GEORGE
VUKIC MICHELLE
REGION CODE ADDRESS : 1339 ORANGE AVENUE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 335,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,134.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,205.31 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.43800
----------------------------------------------------------------
0 0031308224 MORTGAGORS: DEAN WILLIE
DEAN PAMELA
REGION CODE ADDRESS : 10812 YUKON AVE SOUTH
01 CITY : BLOOMINGTON
STATE/ZIP : MN 55438
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,815.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.68700
----------------------------------------------------------------
0 0031308398 MORTGAGORS: FOLEY KEVIN
FOLEY CHERRY
REGION CODE ADDRESS : 12861 QUITO ROAD
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,621.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,589.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.55500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,779,700.00
P & I AMT: 12,263.69
UPB AMT: 1,777,415.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 67
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031308612 MORTGAGORS: GRUMBACH JAMES
BUTLER ELIZABETH
REGION CODE ADDRESS : 7 WINTHROP ROAD
01 CITY : WAYLAND
STATE/ZIP : MA 01778
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 429,664.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,933.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.18100
----------------------------------------------------------------
0 0031308711 MORTGAGORS: ZUBIZARRETA GABRIEL
BROOKS HANNAH
REGION CODE ADDRESS : 1148 POMEROY AVENUE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 169,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 169,229.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,200.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031308729 MORTGAGORS: BURNS RANDY
BURNS ALISSA
REGION CODE ADDRESS : 5745 RIVIERA DRIVE
01 CITY : CORAL GABLES
STATE/ZIP : FL 33146
MORTGAGE AMOUNT : 283,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,617.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,954.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031308737 MORTGAGORS: CAMERON STEPHEN
REGION CODE ADDRESS : 2735 SYLVAN WAY
01 CITY : MCKINNEY
STATE/ZIP : TX 75070
MORTGAGE AMOUNT : 355,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,671.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,483.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031308752 MORTGAGORS: COUTINHO RUSSELL
COUTINHO KATHLEEN
REGION CODE ADDRESS : 21524 S MATTOX CT
01 CITY : JOLIET
STATE/ZIP : IL 60431
MORTGAGE AMOUNT : 310,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,280.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,224.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,548,350.00
P & I AMT: 10,796.81
UPB AMT: 1,546,463.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 68
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031308836 MORTGAGORS: AKIN SADRI
AKIN MARIE
REGION CODE ADDRESS : 14 LA SIERRA DRIVE
01 CITY : POMONA
STATE/ZIP : CA 91766
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,765.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031308950 MORTGAGORS: DORFLAUFER ALAN
DORFLAUFER JACALYN
REGION CODE ADDRESS : 13 WINDSOR DRIVE
01 CITY : LIVINGSTON
STATE/ZIP : NJ 07039
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031309347 MORTGAGORS: BRAZICKI ROBERT
BRAZICKI JAYE
REGION CODE ADDRESS : 24 WYCKOFF PLACE
01 CITY : FRANKLIN PARK
STATE/ZIP : NJ 08823
MORTGAGE AMOUNT : 309,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,015.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,111.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.96600
----------------------------------------------------------------
0 0031309644 MORTGAGORS: BORTNICK RONALD
BORTNICK SHERRY
REGION CODE ADDRESS : 6825 GRENADIER BLVD #1102
01 CITY : NAPLES
STATE/ZIP : FL 34108
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.49500
----------------------------------------------------------------
0 0031310071 MORTGAGORS: TUESCHER EDWARD
MUELLER ANDREAS
REGION CODE ADDRESS : 128 LA GOMA STREET
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,001.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,400.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,573,500.00
P & I AMT: 10,949.31
UPB AMT: 1,571,325.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 69
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031310543 MORTGAGORS: WATSON THOMAS
RANDOLPH PENELOPE
REGION CODE ADDRESS : 45 DEPOT ROAD
01 CITY : TRURO
STATE/ZIP : MA 02660
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,888.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,048.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031310709 MORTGAGORS: DUMA WILLIAM
MILLER-DUMA JOY
REGION CODE ADDRESS : 12060 48TH AVENUE NORTH
01 CITY : PLYMOUTH
STATE/ZIP : MN 55442
MORTGAGE AMOUNT : 249,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,310.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,723.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.70600
----------------------------------------------------------------
0 0031310840 MORTGAGORS: YAMAN ALPASLAN
REGION CODE ADDRESS : 3 ADAMS TERRACE
01 CITY : CLIFTON
STATE/ZIP : NJ 07013
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,743.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,117.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.22222
----------------------------------------------------------------
0 0031312101 MORTGAGORS: DITROLIO MICHAEL
REGION CODE ADDRESS : 9 68TH STREET
01 CITY : SEA ISLE CITY
STATE/ZIP : NJ 08243
MORTGAGE AMOUNT : 135,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 134,813.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 978.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 57.44600
----------------------------------------------------------------
0 0031312127 MORTGAGORS: BYUN JEE
BYUN TEA
REGION CODE ADDRESS : 1926 CAMINITO DE LA VALLE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 251,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,707.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 925,600.00
P & I AMT: 6,581.02
UPB AMT: 924,462.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 70
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031312226 MORTGAGORS: CHINEWORTH LAURI
REGION CODE ADDRESS : 1435 SOUTH PRAIRIE UNIT G-53
01 CITY : CHICAGO
STATE/ZIP : IL 60605
MORTGAGE AMOUNT : 230,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.97700
----------------------------------------------------------------
0 0031312358 MORTGAGORS: STEIN LEONARD
STEIN HERMINA
REGION CODE ADDRESS : 13 MARY LANE
01 CITY : GREENVALE
STATE/ZIP : NY 11548
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 464,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,204.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031312846 MORTGAGORS: HAGEMAN KEITH
HAGEMAN BERTHA
REGION CODE ADDRESS : 15612 59TH DRIVE S.E.
01 CITY : SNOHOMISH
STATE/ZIP : WA 98290
MORTGAGE AMOUNT : 232,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,854.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031312853 MORTGAGORS: GIALLOMBARDO CARL
GIALLOMBARDO ELISA
REGION CODE ADDRESS : 17 LAFAYETTE PLACE
01 CITY : WOBURN
STATE/ZIP : MA 01801
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,605.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031313018 MORTGAGORS: CULPEPPER JANICE
REGION CODE ADDRESS : 1734 BEACON STREET #2
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,745.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,579.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.28972
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,558,500.00
P & I AMT: 10,982.50
UPB AMT: 1,557,505.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 71
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031313182 MORTGAGORS: HARTZ JAMES
HARTZ ALEXANDRA
REGION CODE ADDRESS : 510 PRINCE STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,221.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,940.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 62.85700
----------------------------------------------------------------
0 0031313190 MORTGAGORS: VANSTROM PETER
VANSTROM BETTY
REGION CODE ADDRESS : 315 HIGH BRANCH WAY
01 CITY : ROSWELL
STATE/ZIP : GA 30075
MORTGAGE AMOUNT : 292,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,477.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031313356 MORTGAGORS: AHMAD SABAH
AHMAD SUZANNE
REGION CODE ADDRESS : 11602 HAUGH'S CHURCH ROAD
01 CITY : KEYMAR
STATE/ZIP : MD 21757
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,821.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031313448 MORTGAGORS: SMITHSON DORIEN
REGION CODE ADDRESS : 301 LYNCROFT ROAD
01 CITY : NEW ROCHELLE
STATE/ZIP : NY 10804
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,790.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,765.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.78000
----------------------------------------------------------------
0 0031313760 MORTGAGORS: SPENCER JOHN
SPENCER SHEREE-ANN
REGION CODE ADDRESS : 174 SOUTH MOUNTAIN AVENUE
01 CITY : MONTCLAIR
STATE/ZIP : NJ 07042
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,820.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,592,700.00
P & I AMT: 11,160.47
UPB AMT: 1,591,131.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 72
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031313810 MORTGAGORS: COLLINS TERRY
COLLINS ANN
REGION CODE ADDRESS : 12110 SANGSTERS COURT
01 CITY : CLIFTON
STATE/ZIP : VA 20124
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,503.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 35.71400
----------------------------------------------------------------
0 0031313851 MORTGAGORS: MORRIS DAVID
MORRIS KAREN
REGION CODE ADDRESS : 5634 WESTMINSTER DRIVE
01 CITY : SOLON
STATE/ZIP : OH 44139
MORTGAGE AMOUNT : 297,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031314008 MORTGAGORS: AUBELE JAMES
AUBELE BETH
REGION CODE ADDRESS : 4416 LANDPIPER COURT
01 CITY : DALLAS
STATE/ZIP : TX 75287
MORTGAGE AMOUNT : 196,216.00 OPTION TO CONVERT :
UNPAID BALANCE : 195,923.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,371.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031314230 MORTGAGORS: LUBCHENCO DAVID
LUBCHENCO HOLLIE
REGION CODE ADDRESS : 343 GARFIELD STREET
01 CITY : DENVER
STATE/ZIP : CO 80206
MORTGAGE AMOUNT : 341,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,940.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,356.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031314495 MORTGAGORS: HOFIUS JULIE
HOFIUS NEAL
REGION CODE ADDRESS : 12794 WEINKAUF PLACE
01 CITY : AITKIN
STATE/ZIP : MN 56431
MORTGAGE AMOUNT : 234,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,521.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,621.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.54000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,394,716.00
P & I AMT: 9,499.84
UPB AMT: 1,393,489.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 73
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031314644 MORTGAGORS: HILL WILLIAM
REGION CODE ADDRESS : 108 67TH STREET
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23451
MORTGAGE AMOUNT : 308,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,378.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,133.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.24285
----------------------------------------------------------------
0 0031315146 MORTGAGORS: SCHNEIDER BERNARD
SCHNEIDER WENDY
REGION CODE ADDRESS : 260 TERRELL ROAD WEST
01 CITY : CHARLOTTESVILLE
STATE/ZIP : VA 22901
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,723.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,514.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031315195 MORTGAGORS: WORRIS MARK
WORRIS LESLIE
REGION CODE ADDRESS : 108 OAKDALE ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02161
MORTGAGE AMOUNT : 256,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,971.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,747.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.10900
----------------------------------------------------------------
0 0031315724 MORTGAGORS: RADINSKY ADAM
RADINSKY KELLY
REGION CODE ADDRESS : 1730 CALIFORNIA AVENUE #5
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 271,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,864.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.63700
----------------------------------------------------------------
0 0031315831 MORTGAGORS: SMETAK EDWARD
SMETAK CYNTHIA
REGION CODE ADDRESS : 1008 WHISPERING FOREST DRIVE
01 CITY : BIG BEAR CITY
STATE/ZIP : CA 92314
MORTGAGE AMOUNT : 66,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 65,862.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 478.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 37.71400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,266,350.00
P & I AMT: 8,701.30
UPB AMT: 1,264,800.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 74
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031316367 MORTGAGORS: CONROY JAMES
CONROY MARY
REGION CODE ADDRESS : 100 OLD WASHINGTON ROAD
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 252,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,198.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,700.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.87500
----------------------------------------------------------------
0 0031316698 MORTGAGORS: GALLAGHER KAREN
GALLAGHER BRIAN
REGION CODE ADDRESS : 70 FITCH LANE
01 CITY : NEW CANAAN
STATE/ZIP : CT 06840
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,721.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,622.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 45.18000
----------------------------------------------------------------
0 0031316789 MORTGAGORS: YUK CHONG
YUK CHO
REGION CODE ADDRESS : 7259 MCLEAN COMMONS LANE
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,528.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,909.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.84600
----------------------------------------------------------------
0 0031317118 MORTGAGORS: COHEN ALBERT
COHEN RITA
REGION CODE ADDRESS : 56655 MAIN ROAD
01 CITY : SOUTHOLD
STATE/ZIP : NY 11971
MORTGAGE AMOUNT : 165,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 164,871.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,125.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 36.26373
----------------------------------------------------------------
0 0031317134 MORTGAGORS: WERTHMAN JERRY
WERTHMAN CYNTHIA
REGION CODE ADDRESS : 9900 HIDDEN TRAIL COURT
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,719.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,455.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,439,400.00
P & I AMT: 9,813.37
UPB AMT: 1,438,038.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 75
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031317225 MORTGAGORS: MUNK JEFFREY
MUNK TAMARA
REGION CODE ADDRESS : 4920 UPTON ST NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20016
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,622.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,179.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.51500
----------------------------------------------------------------
0 0031317290 MORTGAGORS: DUPRIEST MARK
DUPRIEST BARBARA
REGION CODE ADDRESS : 112 DUSTIN CIRCLE
01 CITY : WEATHERFORD
STATE/ZIP : TX 76087
MORTGAGE AMOUNT : 285,423.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,892.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.35500
----------------------------------------------------------------
0 0031317589 MORTGAGORS: SCULLY VINCENT
SCULLY ANETTE
REGION CODE ADDRESS : 530 WHEATRIDGE BLUFF
01 CITY : ROSWELL
STATE/ZIP : GA 30075
MORTGAGE AMOUNT : 293,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,026.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,025.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031317852 MORTGAGORS: BENTON LARRY
BENTON CECILIA
REGION CODE ADDRESS : 2900 CHINABERRY DRIVE
01 CITY : COLUMBIA
STATE/ZIP : MO 65201
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,688.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.60000
----------------------------------------------------------------
0 0031317928 MORTGAGORS: TIRADO SANDRA
SANTIAGO GABRIEL
REGION CODE ADDRESS : 4607 HEREND PLACE
01 CITY : FAIRFAX
STATE/ZIP : VA 22032
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,184.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,070.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,753,173.00
P & I AMT: 12,030.38
UPB AMT: 1,751,414.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 76
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031317969 MORTGAGORS: BUJDUVEANU NICOLAE
BUJDUVEANU TANASE
REGION CODE ADDRESS : 62-05 ALDERTON STREET
01 CITY : REGO PARK
STATE/ZIP : NY 11374
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,783.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.74600
----------------------------------------------------------------
0 0031318058 MORTGAGORS: FEENEY WILLIAM
FEENEY SYLVIA
REGION CODE ADDRESS : 1183 DEBBIE HILL ROAD
01 CITY : COTATI
STATE/ZIP : CA 94931
MORTGAGE AMOUNT : 278,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,696.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.52500
----------------------------------------------------------------
0 0031318793 MORTGAGORS: KOLLAER JIM
KOLLAER SALLY
REGION CODE ADDRESS : 10318 PINE FOREST ROAD
01 CITY : HOUSTON
STATE/ZIP : TX 77042
MORTGAGE AMOUNT : 260,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,142.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.44200
----------------------------------------------------------------
0 0031319205 MORTGAGORS: ALBIN DANTE
ALBIN BARBARA
REGION CODE ADDRESS : 4471 SHADY POINT PLACE
01 CITY : CHANTILLY
STATE/ZIP : VA 20151
MORTGAGE AMOUNT : 321,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,173.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,084.92 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031319338 MORTGAGORS: SMALIGO RICHARD
SMALIGO LINDA
REGION CODE ADDRESS : 32 FIELDCREST DRIVE
01 CITY : TRUMBULL
STATE/ZIP : CT 06611
MORTGAGE AMOUNT : 265,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,890.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,057.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.31400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,440,500.00
P & I AMT: 10,172.33
UPB AMT: 1,438,685.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 77
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031319767 MORTGAGORS: THOMAS JEFFREY
REGION CODE ADDRESS : 109-113 N ORIANNA STREET
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19106
MORTGAGE AMOUNT : 341,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,110.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,523.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/23
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.89400
----------------------------------------------------------------
0 0031319817 MORTGAGORS: FUHR JOHN
FUHR BETH
REGION CODE ADDRESS : 485 42ND STREET
01 CITY : AVALON
STATE/ZIP : NJ 08202
MORTGAGE AMOUNT : 313,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,467.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,193.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.49400
----------------------------------------------------------------
0 0031319833 MORTGAGORS: PETRIELLO JOHN
WARD ANNE
REGION CODE ADDRESS : 200 MELROSE PLACE
01 CITY : RIDGEWOOD
STATE/ZIP : NJ 07450
MORTGAGE AMOUNT : 318,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031320021 MORTGAGORS: BAUMAN SYLVAN
HUSTON-BAUMAN MARGARET
REGION CODE ADDRESS : 5 BLANCHE DRIVE
01 CITY : PLUMSTED
STATE/ZIP : NJ 08533
MORTGAGE AMOUNT : 153,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 153,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,074.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031320138 MORTGAGORS: MILLER DUNCAN
MILLER HOLLY
REGION CODE ADDRESS : 1 DONOVAN DRIVE
01 CITY : BEDFORD
STATE/ZIP : MA 01730
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,709.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,355.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,481,550.00
P & I AMT: 10,402.36
UPB AMT: 1,480,637.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 78
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031320443 MORTGAGORS: VACCARI WILLIAM
VACCARI DONNA
REGION CODE ADDRESS : 118 SPENCER AVENUE
01 CITY : CHELSEA
STATE/ZIP : MA 02150
MORTGAGE AMOUNT : 120,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 120,517.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 874.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031320658 MORTGAGORS: NICHOL THOMAS
NICHOL CONSTANCE
REGION CODE ADDRESS : 6148 OAK FOREST WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 343,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,431.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,399.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031320732 MORTGAGORS: BLOOM GORDON
BLOOM BARBARA
REGION CODE ADDRESS : 960 WYNSTONE DRIVE
01 CITY : JEFFERSON
STATE/ZIP : SD 57038
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 480,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,274.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.41900
----------------------------------------------------------------
0 0031321151 MORTGAGORS: CEFALU JOHN
CEFALU RHONDA
REGION CODE ADDRESS : 2134 HIGHLAND RIDGE DRIVE
01 CITY : PHOENIX
STATE/ZIP : MD 21131
MORTGAGE AMOUNT : 581,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 580,785.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,915.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031321482 MORTGAGORS: LOWTHER JACK
LOWTHER CYNTHIA
REGION CODE ADDRESS : 15210 SHANNONDALE ROAD
01 CITY : PURCELLVILLE
STATE/ZIP : VA 20132
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,424.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.62700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,875,050.00
P & I AMT: 12,793.14
UPB AMT: 1,873,157.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 79
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031321862 MORTGAGORS: WINZELL JAMES
WINZELL JUDITH
REGION CODE ADDRESS : 350 FIRST STREET
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 388,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,206.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,685.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031322555 MORTGAGORS: WHITMAN WILLIAM
WHITMAN MARIA
REGION CODE ADDRESS : 138 AVONDALE RD
01 CITY : RIDGEWOOD
STATE/ZIP : NJ 07450
MORTGAGE AMOUNT : 488,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 487,637.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,412.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.76400
----------------------------------------------------------------
0 0031323652 MORTGAGORS: ROSS WILLIE
ROSS BARBARA
REGION CODE ADDRESS : 1072 RIO CIDADE WAY
01 CITY : SACRAMENTO
STATE/ZIP : CA 95831
MORTGAGE AMOUNT : 261,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,700.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,808.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.82800
----------------------------------------------------------------
0 0031323975 MORTGAGORS: DUGGAN STEPHEN
DUGGAN DEBRA
REGION CODE ADDRESS : 1580 ANDAL LANE
01 CITY : MOUNT VERNON
STATE/ZIP : WA 98274
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,801.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031324015 MORTGAGORS: UDDYBACK WENDELL
UDDYBACK VICTORIA
REGION CODE ADDRESS : 5920 EWING PLACE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22310
MORTGAGE AMOUNT : 311,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,724.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.38775
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,704,900.00
P & I AMT: 11,795.33
UPB AMT: 1,703,071.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 80
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031324130 MORTGAGORS: NOVIS STEPHEN
NOVIS DIANE
REGION CODE ADDRESS : 18 COOKS FARM ROAD
01 CITY : MONTVILLE
STATE/ZIP : NJ 07045
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,762.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.53932
----------------------------------------------------------------
0 0031324262 MORTGAGORS: MURZA STEFAN
MURZA ELIZABETH
REGION CODE ADDRESS : 1529 ODMAN DRIVE
01 CITY : CHESAPEAKE
STATE/ZIP : VA 23321
MORTGAGE AMOUNT : 244,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,167.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,668.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 87.33900
----------------------------------------------------------------
0 0031324692 MORTGAGORS: HOBLITZELL JOHN
HOBLITZELL SARA
REGION CODE ADDRESS : 1535 THOMAS CIRCLE
01 CITY : CHARLESTON
STATE/ZIP : WV 25314
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,663.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,987.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/23
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.64100
----------------------------------------------------------------
0 0031324783 MORTGAGORS: FULLER JOHN
FULLER BRENDA
REGION CODE ADDRESS : 2365 KIMBROUGH COURT
01 CITY : DUNWOODY
STATE/ZIP : GA 30350
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,793.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.70500
----------------------------------------------------------------
0 0031324957 MORTGAGORS: BELLI EUGENE
BELLI ANNMARIE
REGION CODE ADDRESS : 32 SHERRYBROOKE DRIVE
01 CITY : HOWELL
STATE/ZIP : NJ 07731
MORTGAGE AMOUNT : 152,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 152,062.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 962.01 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 78.86010
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,250,750.00
P & I AMT: 8,569.71
UPB AMT: 1,249,449.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 81
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031325111 MORTGAGORS: CANTALUPO JOHN
CANTALUPO KAREN
REGION CODE ADDRESS : 12 POLO CLUB DRIVE
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 175,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 174,860.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,179.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 58.33300
----------------------------------------------------------------
0 0031325137 MORTGAGORS: SHAH NARESHKUMAR
SHAH PARUL
REGION CODE ADDRESS : 20 COUNTRY WOODS DRIVE
01 CITY : SOUTH BRUNSWICK
STATE/ZIP : NJ 08824
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,608.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.98800
----------------------------------------------------------------
0 0031325145 MORTGAGORS: CONNOLLY JOANN
REGION CODE ADDRESS : 14 PINETREE DRIVE
01 CITY : SAYREVILLE
STATE/ZIP : NJ 08859
MORTGAGE AMOUNT : 98,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 97,820.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 782.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.59200
----------------------------------------------------------------
0 0031325152 MORTGAGORS: WEATHERLEY KINGSLEY
WEATHERLY JODY
REGION CODE ADDRESS : 2959 HABERSHAM WAY
01 CITY : ATLANTA
STATE/ZIP : GA 30305
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,407.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,513.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 39.75000
----------------------------------------------------------------
0 0031325160 MORTGAGORS: CONWAY GARY
CONWAY JOANN
REGION CODE ADDRESS : 382 RIVERDALE DRIVE
01 CITY : KEYPORT
STATE/ZIP : NJ 07735
MORTGAGE AMOUNT : 72,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 72,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 509.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.57100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 913,000.00
P & I AMT: 6,689.49
UPB AMT: 911,696.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 82
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031325293 MORTGAGORS: VANDEGRIFT DALE
HAM JODY
REGION CODE ADDRESS : 5 OAKLAND DRIVE
01 CITY : NEWTOWN SQUARE
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,882.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 919.70 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 58.33300
----------------------------------------------------------------
0 0031325376 MORTGAGORS: NOONAN CHARLES
NOONAN JANICE
REGION CODE ADDRESS : 36 MOUNTAIN AVENUE
01 CITY : HAZLET
STATE/ZIP : NJ 07730
MORTGAGE AMOUNT : 150,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 150,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,054.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031325392 MORTGAGORS: OTSKEY THOMAS
OTSKEY GAIL
REGION CODE ADDRESS : 20 JASMIME RD
01 CITY : MATAWAN
STATE/ZIP : NJ 07747
MORTGAGE AMOUNT : 187,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 187,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,275.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.04700
----------------------------------------------------------------
0 0031325517 MORTGAGORS: HAMMARLEY ROBERT
HAMMARLEY GAIL
REGION CODE ADDRESS : 1614 33RD STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20007
MORTGAGE AMOUNT : 264,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,508.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,846.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.78192
----------------------------------------------------------------
0 0031325533 MORTGAGORS: RODIO ROBERT
RODIO JACQUELINE
REGION CODE ADDRESS : 58 WITTENBERG COURT
01 CITY : OCEANPORT
STATE/ZIP : NJ 07757
MORTGAGE AMOUNT : 165,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 164,702.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,329.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.46100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 906,850.00
P & I AMT: 6,425.30
UPB AMT: 905,842.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 83
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031325566 MORTGAGORS: YENTZER DAVID
SCHNEIDER GAIL
REGION CODE ADDRESS : 1221 ROUNDHOUSE LANE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 256,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,789.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031325582 MORTGAGORS: SHIMAN GARY
SHIMAN JILL
REGION CODE ADDRESS : 643 TALAMINI ROAD
01 CITY : BRIDGEWATER
STATE/ZIP : NJ 08807
MORTGAGE AMOUNT : 218,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,487.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.07600
----------------------------------------------------------------
0 0031325590 MORTGAGORS: STEELE KEITH
STEELE SARAH
REGION CODE ADDRESS : 3404 EQUESTRIAN WAY
01 CITY : DOVER TOWNSHIP
STATE/ZIP : NJ 08755
MORTGAGE AMOUNT : 98,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 98,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 676.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.38400
----------------------------------------------------------------
0 0031325772 MORTGAGORS: LOVELAND JOHN
LOVELAND SHERRY
REGION CODE ADDRESS : 61 BRINCKERHOFF AVENUE
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 131,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 131,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 897.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.81000
----------------------------------------------------------------
0 0031325988 MORTGAGORS: SAMILJAN ALAN
SAMILJAN BRENDA
REGION CODE ADDRESS : 48 PHILLIPS BEACH AVENUE
01 CITY : SWAMPSCOTT
STATE/ZIP : MA 01907
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,713.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,053,700.00
P & I AMT: 7,115.72
UPB AMT: 1,053,002.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 84
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031326101 MORTGAGORS: YAVORSKY JOHN
YAVORSKY DEBORAH
REGION CODE ADDRESS : 2 CAPTAIN'S WOODS ROAD
01 CITY : READINGTON TOWNSHIP
STATE/ZIP : NJ 08889
MORTGAGE AMOUNT : 275,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,947.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031326176 MORTGAGORS: HONEYCUTT GEORGE
HONEYCUTT JOYCE
REGION CODE ADDRESS : 155 ISLAND COVE DRIVE
01 CITY : NEWNAN
STATE/ZIP : GA 30263
MORTGAGE AMOUNT : 268,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,940.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,829.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031326184 MORTGAGORS: ZNEROLD STEVEN
ZNEROLD LISABETH
REGION CODE ADDRESS : 14091 WILLOW DRIVE
01 CITY : CLIVE
STATE/ZIP : IA 50325
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,605.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.64700
----------------------------------------------------------------
0 0031326457 MORTGAGORS: SALACAIN PAUL
SALACAIN CAROL
REGION CODE ADDRESS : 9 PEPPERILL WAY
01 CITY : YORK
STATE/ZIP : ME 03909
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,812.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.64100
----------------------------------------------------------------
0 0031326945 MORTGAGORS: BRUNS TONU
BRUNS NANCY
REGION CODE ADDRESS : 19632 ELMRIDGE LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 287,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,680.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,988.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,336,250.00
P & I AMT: 9,255.71
UPB AMT: 1,335,239.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 85
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031327265 MORTGAGORS: GRABAN JOHN
KARBOWIAK JOANN
REGION CODE ADDRESS : 1575 PASSAIC PLACE
01 CITY : NORTH BRUNSWICK
STATE/ZIP : NJ 08902
MORTGAGE AMOUNT : 116,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 116,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 932.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.78700
----------------------------------------------------------------
0 0031327422 MORTGAGORS: HOMEM FILOMENA
SUAREZ MIGUEL
REGION CODE ADDRESS : 17 MANSFIELD ROAD
01 CITY : MIDELETON
STATE/ZIP : MA 01949
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,783.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.08200
----------------------------------------------------------------
0 0031327430 MORTGAGORS: ROSNER PHILIP
ROSNER MICHELE
REGION CODE ADDRESS : 16 W MYSTIC AVENUE
01 CITY : MYSTIC
STATE/ZIP : CT 06355
MORTGAGE AMOUNT : 231,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,736.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,661.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.85000
----------------------------------------------------------------
0 0031327448 MORTGAGORS: KISSICK WILLIAM
MCGRATH CATHERINE
REGION CODE ADDRESS : LAKE MOREY ROAD EAST
01 CITY : FAIRLEE
STATE/ZIP : VT 05045
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,744.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,405.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031327463 MORTGAGORS: LAMARRA MICHAEL
LAMARRA ELISE
REGION CODE ADDRESS : 110 DEER RUN COURT
01 CITY : HARLEYSVILLE
STATE/ZIP : PA 19438
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,801.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,225,700.00
P & I AMT: 8,637.92
UPB AMT: 1,224,865.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 86
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031327661 MORTGAGORS: GUZMAN CHRISTIAN
GUZMAN LUCIA
REGION CODE ADDRESS : 1 WOOLEN COURT
01 CITY : NORTH SALEM
STATE/ZIP : NY 10560
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.16400
----------------------------------------------------------------
0 0031327828 MORTGAGORS: HACKLETON G
HACKLETON ELIZABETH
REGION CODE ADDRESS : 1008 NORTH ISABEL STREET
01 CITY : GLENDALE
STATE/ZIP : CA 91207
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,789.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031328081 MORTGAGORS: FATHI REZA
FATHI FARNAZ
REGION CODE ADDRESS : 22632 BARLOVENTO
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,274.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,101.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031328198 MORTGAGORS: BALAAM JAMES
BALAAM JUDY
REGION CODE ADDRESS : 425 OPAL COVE WAY
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,678.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 74.62600
----------------------------------------------------------------
0 0031328289 MORTGAGORS: RESNICK HOWARD
ROTH MARLA
REGION CODE ADDRESS : 13 TERRIER PLACE
01 CITY : SOUTH BRUNSWICK
STATE/ZIP : NJ 08824
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,824.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,482.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,398,000.00
P & I AMT: 9,531.23
UPB AMT: 1,395,566.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 87
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031328297 MORTGAGORS: PARSON ROBERT
PARSON KATHLEEN
REGION CODE ADDRESS : 2 HARBOR VIEW DRIVE
01 CITY : ATLANTIC HIGHLAND
STATE/ZIP : NJ 07716
MORTGAGE AMOUNT : 188,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 188,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,298.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031328362 MORTGAGORS: XIE TAILIANG
XIE LEI
REGION CODE ADDRESS : 45 HILLCREST AVE
01 CITY : BERKELEY HEIGHTS
STATE/ZIP : NJ 07922
MORTGAGE AMOUNT : 208,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 208,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,418.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.49056
----------------------------------------------------------------
0 0031328420 MORTGAGORS: PRIZMICH ALLEN
PRIZMICH HEATHER
REGION CODE ADDRESS : 721 WEST NINTH STREET
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 206,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 206,107.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,478.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031328461 MORTGAGORS: VOSS KENT
VOSS CAROLE
REGION CODE ADDRESS : 141 GULPH LANE
01 CITY : GULPH MILLS
STATE/ZIP : PA 19428
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,797.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 91.72400
----------------------------------------------------------------
0 0031328479 MORTGAGORS: OVED DARREN
REGION CODE ADDRESS : 421 HUDSON ST UNIT 506
01 CITY : NEW YORK
STATE/ZIP : NY 10014
MORTGAGE AMOUNT : 339,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,533.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,552.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,208,150.00
P & I AMT: 8,585.71
UPB AMT: 1,207,438.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 88
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031328578 MORTGAGORS: ROSENBERG HARRY
ROSENBERG DEBORAH
REGION CODE ADDRESS : 740 MONUMENT ROAD
01 CITY : MALVERN
STATE/ZIP : PA 19355
MORTGAGE AMOUNT : 494,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 494,423.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,417.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.68500
----------------------------------------------------------------
0 0031328826 MORTGAGORS: SIMMONS JULIAN
SIMMONS BARBARA
REGION CODE ADDRESS : 6310 MOSS WAY
01 CITY : BALTIMORE
STATE/ZIP : MD 21212
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,306.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,171.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031328842 MORTGAGORS: CLEARY KENNETH
CLEARY KATHLEEN
REGION CODE ADDRESS : 60 SPRING STREET
01 CITY : RED BANK
STATE/ZIP : NJ 07701
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 140,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 966.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 84.84800
----------------------------------------------------------------
0 0031328867 MORTGAGORS: GERGASKO RICHARD
GERGASKO GAIL
REGION CODE ADDRESS : 17 JAIME CT
01 CITY : OLD BRIDGE
STATE/ZIP : NJ 08857
MORTGAGE AMOUNT : 199,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,340.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.81203
----------------------------------------------------------------
0 0031328982 MORTGAGORS: LEE TOMMIE
LEE KELLI ANN
REGION CODE ADDRESS : 5602 BRITE DR
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,603.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.78700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,483,800.00
P & I AMT: 10,692.56
UPB AMT: 1,482,333.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 89
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031328990 MORTGAGORS: HANEWICH MICHAEL
HANEWICH SUSAN
REGION CODE ADDRESS : 8 PRESTWICK DR,
01 CITY : HOPKINTON
STATE/ZIP : MA 01748
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,771.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0031329246 MORTGAGORS: TAKAKI GARY
TAKAKI CAROLE
REGION CODE ADDRESS : 18030 ATKINSON AVE
01 CITY : TORRANCE
STATE/ZIP : CA 90504
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,624.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031329394 MORTGAGORS: SARKISSIAN NERHAJ
SARKISSIAN ANAHID
REGION CODE ADDRESS : 1325 JUSTIN AVENUE
01 CITY : GLENDALE
STATE/ZIP : CA 91201
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,808.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031329477 MORTGAGORS: PETERSON DUANE
PETERSON JEWEL
REGION CODE ADDRESS : 3727 MISTY COVE
01 CITY : LITTLE ELM
STATE/ZIP : TX 75068
MORTGAGE AMOUNT : 286,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,197.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031329493 MORTGAGORS: GRAMITH STEPHEN
GRAMITH ELIZABETH
REGION CODE ADDRESS : 6682 E HWY 86
01 CITY : NEOSHO
STATE/ZIP : MO 64850
MORTGAGE AMOUNT : 261,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,090.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 85.73700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,340,900.00
P & I AMT: 9,297.85
UPB AMT: 1,339,493.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 90
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031329576 MORTGAGORS: SPEETZEN GREG
SPEETZEN MICHELLE
REGION CODE ADDRESS : 42 FEATHER RIDGE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 280,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,514.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,844.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 78.54100
----------------------------------------------------------------
0 0031329626 MORTGAGORS: WEINHEIMER PETER
WEINHEIMER KIMAREE
REGION CODE ADDRESS : 190 MOUNTAIN BROOK PARK DRIVE
01 CITY : MOUNTAIN BROOK
STATE/ZIP : AL 31213
MORTGAGE AMOUNT : 263,560.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,369.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,865.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031329709 MORTGAGORS: LIPSCHULTZ ALLEN
LIPSCHULTZ SUSAN
REGION CODE ADDRESS : 6536 N ARIZONA BILTMORE CIRCLE
01 CITY : PHOENIX
STATE/ZIP : AZ 85016
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,591.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,845.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.11100
----------------------------------------------------------------
0 0031330251 MORTGAGORS: WONG THOMAS
WONG LEODENILLA
REGION CODE ADDRESS : 25806 OCURRWOOD COURT
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 275,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,346.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.19300
----------------------------------------------------------------
0 0031330475 MORTGAGORS: LENANE BRIAN
LENANE SUSAN
REGION CODE ADDRESS : 344 BORDER ROAD
01 CITY : CONCORD
STATE/ZIP : MA 01742
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,793.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 46.24781
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,635,110.00
P & I AMT: 11,198.15
UPB AMT: 1,633,614.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 91
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031330558 MORTGAGORS: KIRKLAND ROY
REGION CODE ADDRESS : 710 WEST HILL AVENUE
01 CITY : VALDOSTA
STATE/ZIP : GA 30601
MORTGAGE AMOUNT : 261,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,006.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.91200
----------------------------------------------------------------
0 0031330608 MORTGAGORS: FIDLER MOREL
FIDLER BRENDA
REGION CODE ADDRESS : 3033 ELVILL DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,346.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,185.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 56.25000
----------------------------------------------------------------
0 0031330707 MORTGAGORS: LANASA SAM
KIEFER ANTHONY
REGION CODE ADDRESS : 4344 EAST 71ST STREET
01 CITY : CLEVELAND
STATE/ZIP : OH 44105
MORTGAGE AMOUNT : 39,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 39,577.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 315.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.87500 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031331523 MORTGAGORS: CLINTON GARY
CLINTON BELINDA
REGION CODE ADDRESS : 380 LONE TREE ROAD
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,110.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,045.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 250
LTV : 77.36842
----------------------------------------------------------------
0 0031331598 MORTGAGORS: MEEHAN EDWARD
MEEHAN ALICIA
REGION CODE ADDRESS : 15143 VIA DEL SUR
01 CITY : MONTE SERENO
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 757,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 756,364.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,972.96 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 015
LTV : 49.63900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,801,800.00
P & I AMT: 12,345.11
UPB AMT: 1,799,404.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 92
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031331713 MORTGAGORS: PHELPS REGINALD
PHELPS CHRISTINE
REGION CODE ADDRESS : 127 FIESTA CIRLCE
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,946.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 250
LTV : 77.17300
----------------------------------------------------------------
0 0031331762 MORTGAGORS: ATALLAH FRANCOIS
ATALLAH ANA
REGION CODE ADDRESS : 39300 CALLE ORINDA
01 CITY : MURRIETA
STATE/ZIP : CA 92562
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,707.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,504.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031331804 MORTGAGORS: SHEPHERD RICHARD
REGION CODE ADDRESS : 2115 3RD STREET 304
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,447.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.33587
----------------------------------------------------------------
0 0031331994 MORTGAGORS: KNAPP THOMAS
KNAPP CHERYL
REGION CODE ADDRESS : 601 VIA DE LA PAZ
01 CITY : PACIFIC PALISADES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 648,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 646,058.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,530.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031332026 MORTGAGORS: LOONEY DAVID
LOONEY MONIQUE
REGION CODE ADDRESS : 907 BERENDSEN COURT
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,097.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,658.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,999,000.00
P & I AMT: 14,088.68
UPB AMT: 1,993,257.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 93
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031332109 MORTGAGORS: BROWN DELBERT
BROWN JOYCE
REGION CODE ADDRESS : 615 CURIE DR
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 236,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,598.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 250
LTV : 78.76600
----------------------------------------------------------------
0 0031332174 MORTGAGORS: YOUNG RICHARD
COSTA BARBARA
REGION CODE ADDRESS : 90 MEMORY LANE
01 CITY : LA HONDA
STATE/ZIP : CA 94020
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,267.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 76.71641
----------------------------------------------------------------
0 0031332224 MORTGAGORS: DOMINGUEZ ROBERT
DOMINGUEZ MARY
REGION CODE ADDRESS : 17401 WALNUT GROVE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,099.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 76.71200
----------------------------------------------------------------
0 0031332315 MORTGAGORS: HARBAUGH ROBERT
HARBAUGH KATHRYN
REGION CODE ADDRESS : 1172 CAMINO MANADERO
01 CITY : SANTA BARBARA
STATE/ZIP : CA 09311
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,694.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,091.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031332356 MORTGAGORS: SIMON CECIL
SIMON SANDRA
REGION CODE ADDRESS : 366 SLOAT COURT
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,055.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,170.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,525,300.00
P & I AMT: 10,770.00
UPB AMT: 1,520,716.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 94
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031332372 MORTGAGORS: CANTOR STEVEN
CANTOR JAMI
REGION CODE ADDRESS : 5725 CARELL AVENUE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 473,632.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,386.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 250
LTV : 76.00000
----------------------------------------------------------------
0 0031332935 MORTGAGORS: GONZALEZ IAN
REGION CODE ADDRESS : 10504 WATCHFUL FOX DR.
01 CITY : AUSTIN
STATE/ZIP : TX 78748
MORTGAGE AMOUNT : 81,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 81,472.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 556.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031333115 MORTGAGORS: BARRON MICHAEL
BARRON KATHLEEN
REGION CODE ADDRESS : 73 LEIGHTON RD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 367,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,740.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,629.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.89700
----------------------------------------------------------------
0 0031333891 MORTGAGORS: JOHNSON NANCY
JOHNSON CHRISTOPHER
REGION CODE ADDRESS : 2590 AUDREY LANE
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.77500
----------------------------------------------------------------
0 0031334238 MORTGAGORS: LOVE JOHN
LOVE BRENDA
REGION CODE ADDRESS : 720 POLARIS WAY
01 CITY : LIVERMORE
STATE/ZIP : CA 94450
MORTGAGE AMOUNT : 264,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,405.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,508,400.00
P & I AMT: 10,634.16
UPB AMT: 1,506,251.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 95
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031334329 MORTGAGORS: SEARIGHT BRUCE
SEARIGHT SUSAN
REGION CODE ADDRESS : 82 CIDER MILL ROAD
01 CITY : BEDFORD
STATE/ZIP : NH 03110
MORTGAGE AMOUNT : 252,516.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,140.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,765.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.69700
----------------------------------------------------------------
0 0031334477 MORTGAGORS: FETGATTER JAMES
REGION CODE ADDRESS : 7123 BURTONWOOD DRIVE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22307
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,815.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 57.95454
----------------------------------------------------------------
0 0031334592 MORTGAGORS: POLLACK MARK
POLLACK BARBARA
REGION CODE ADDRESS : 33 BOBBY'S COURT
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 385,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,283.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,565.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031334634 MORTGAGORS: FUTTERER CRAIG
SIMARD TERRI
REGION CODE ADDRESS : 1941 JAMES AVENUE SOUTH
01 CITY : MINNEAPOLIS
STATE/ZIP : MN 55403
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,694.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/23
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.23100
----------------------------------------------------------------
0 0031334717 MORTGAGORS: LIGUORI GREGORY
LIGUORI MARILYN
REGION CODE ADDRESS : 15 DWARS KILL LANE
01 CITY : NORWOOD
STATE/ZIP : NJ 07648
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,675.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,170.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.44200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,604,116.00
P & I AMT: 11,229.04
UPB AMT: 1,602,609.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 96
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031334980 MORTGAGORS: ROLAND THOMAS
ROLAND BARBARA
REGION CODE ADDRESS : 2241 WINGED FOOT CT
01 CITY : OXNARD
STATE/ZIP : CA 93030
MORTGAGE AMOUNT : 243,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,368.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,662.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031335052 MORTGAGORS: KOLODZIEJ RONALD
KOLODZIEJ MARITA
REGION CODE ADDRESS : 4919 BELOIT AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90230
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,276.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031335151 MORTGAGORS: FISCHLIN MICHAEL
FISCHLIN CHRISTY
REGION CODE ADDRESS : 2152 BAKERS MILL ROAD
01 CITY : DACULA
STATE/ZIP : GA 30019
MORTGAGE AMOUNT : 293,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,615.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,979.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031335243 MORTGAGORS: BZOSKIE THOMAS
BZOSKIE LISANNE
REGION CODE ADDRESS : 2459 CHAUCER PLACE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,076.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,444.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.97300
----------------------------------------------------------------
0 0031335318 MORTGAGORS: GORCHOFF NATHAN
GORCHOFF ROSALIE
REGION CODE ADDRESS : 13219 FIJI WAY #A
01 CITY : MARINA DEL REY AREA
STATE/ZIP : CA 90292
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,446.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.21400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,453,600.00
P & I AMT: 9,990.22
UPB AMT: 1,450,782.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 97
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031335805 MORTGAGORS: DERLOSHON GERALD
DERLOSHON DEBORAH
REGION CODE ADDRESS : 24826 DANA POINT DRIVE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,814.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031336290 MORTGAGORS: SHELTON LAWRENCE
SHELTON JOANNA
REGION CODE ADDRESS : 5411 EAST ESTATE RIDGE ROAD
01 CITY : ANAHEIM,
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,834.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 250
LTV : 78.57100
----------------------------------------------------------------
0 0031336373 MORTGAGORS: POLISKEY KAREN
POLISKEY STANLEY
REGION CODE ADDRESS : 565 WINTER STREET
01 CITY : FRAMINGHAM
STATE/ZIP : MA 01701
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,789.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031336431 MORTGAGORS: HALL RICHARD
HALL SHELLEY
REGION CODE ADDRESS : 2830 ANACAPA PL
01 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,389.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,866.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 63.07600
----------------------------------------------------------------
0 0031336753 MORTGAGORS: MILLER NORMAN
REGION CODE ADDRESS : 9 SHANNNON DRIVE
01 CITY : CHESTER SPRINGS
STATE/ZIP : PA 19425
MORTGAGE AMOUNT : 409,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,255.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,690.78 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,612,600.00
P & I AMT: 11,233.80
UPB AMT: 1,611,083.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 98
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031336837 MORTGAGORS: WYNN WILLIAM
ROCKS MAUREEN
REGION CODE ADDRESS : 1 HERITAGE HILLS COURT
01 CITY : SKILLMAN
STATE/ZIP : NJ 08558
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,812.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.59000
----------------------------------------------------------------
0 0031337132 MORTGAGORS: DZIEZA BRUCE
DZIEZA SUSAN
REGION CODE ADDRESS : 1239 BEATTIE LANE
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,398.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,526.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031337470 MORTGAGORS: SIDNEY STEPHEN
SCHUMAN CAROLYN
REGION CODE ADDRESS : 128 RICARDO AVENUE
01 CITY : PIEDMONT
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 544,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 542,781.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,803.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.43795
----------------------------------------------------------------
0 0031337504 MORTGAGORS: HEIDEMAN JOSEPH
HEIDEMAN JULIA
REGION CODE ADDRESS : 1545 HALIFAX WAY
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 281,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,859.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031337736 MORTGAGORS: CARR JAMES
CARR MURIEL
REGION CODE ADDRESS : 392 SUMMER STREET
01 CITY : MARSHFIELD
STATE/ZIP : MA 02050
MORTGAGE AMOUNT : 308,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,470.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,158.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.29500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,761,000.00
P & I AMT: 12,169.64
UPB AMT: 1,758,323.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 99
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031337744 MORTGAGORS: CHAMPION DAVID
CHAMPION STARR
REGION CODE ADDRESS : 100 HEMLOCK VALLEY ROAD
01 CITY : EAST HADDAM
STATE/ZIP : CT 06423
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 88.23500
----------------------------------------------------------------
0 0031337751 MORTGAGORS: ARMENANTE PIERO
ARMENANTE ANNEMARIE
REGION CODE ADDRESS : 16 POPPY PLACE
01 CITY : MILLINGTON
STATE/ZIP : NJ 07946
MORTGAGE AMOUNT : 193,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 193,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,525.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 47.65400
----------------------------------------------------------------
0 0031337801 MORTGAGORS: MILLER PAUL
MILLER LAURA
REGION CODE ADDRESS : 70 BRADLEY CT.
01 CITY : ELKTON
STATE/ZIP : MD 21921
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,717.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,049.00 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031337827 MORTGAGORS: SOMMA ROBERT
THAXTER WENDY
REGION CODE ADDRESS : 11 LOW STREET
01 CITY : NEWBURY
STATE/ZIP : MA 01951
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,750.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031338114 MORTGAGORS: GRAVES ALBERT
GRAVES CHARLOTTE
REGION CODE ADDRESS : 43744 MCCOLLOUGH COURT
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 250,630.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,448.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,375,630.00
P & I AMT: 9,573.76
UPB AMT: 1,374,699.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 100
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031338296 MORTGAGORS: STERK LEO
STERK JACQUELINE
REGION CODE ADDRESS : 943 ALLMEN
01 CITY : HINSDALE
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,528.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,300.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.90400
----------------------------------------------------------------
0 0031338783 MORTGAGORS: MOFFET ALAN
MOFFET TRICIA
REGION CODE ADDRESS : 12204 SOUTH NICKLAUS ROAD
01 CITY : SANDY
STATE/ZIP : UT 84092
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,033.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031338940 MORTGAGORS: REIKES ELENI
REGION CODE ADDRESS : 18 ROLLING RIDGE RD, APT B
01 CITY : MONTVALE
STATE/ZIP : NJ 07645
MORTGAGE AMOUNT : 83,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 83,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 656.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.04700
----------------------------------------------------------------
0 0031338973 MORTGAGORS: TURKEN ROBERT
TURKEN ELAINE
REGION CODE ADDRESS : 3304 SCENIC COURT
01 CITY : DENVILLE
STATE/ZIP : NJ 07834
MORTGAGE AMOUNT : 189,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 189,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,273.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.77900
----------------------------------------------------------------
0 0031338981 MORTGAGORS: WILLIAMS NEIL
WILLIAMS SHERON
REGION CODE ADDRESS : 62 PROSPECT HILLS DRIVE
01 CITY : EAST LONGMEADOW
STATE/ZIP : MA 01028
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,629.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/23
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,180,500.00
P & I AMT: 8,236.16
UPB AMT: 1,179,191.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 101
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031339039 MORTGAGORS: BERNSTEIN SAMUEL
BERNSTEIN BETH
REGION CODE ADDRESS : 175 HILLDSIDE AVENUE
01 CITY : ENGLEWOOD
STATE/ZIP : NJ 07631
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,666.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,146.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.31200
----------------------------------------------------------------
0 0031339088 MORTGAGORS: HERMAN DALE
HERMAN ROSEMARY
REGION CODE ADDRESS : 44 MYRICK LANE
01 CITY : HARVARD
STATE/ZIP : MA 01451
MORTGAGE AMOUNT : 262,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,200.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031339195 MORTGAGORS: LAWSON BRANCH
LAWSON BONNIE
REGION CODE ADDRESS : 106 WATER POINTE LANE
01 CITY : SMITHFIELD
STATE/ZIP : VA 23430
MORTGAGE AMOUNT : 338,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,255.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,395.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.70000
----------------------------------------------------------------
0 0031339419 MORTGAGORS: KILLINGSWORTH DANIEL
VANDERSLICE LINDA
REGION CODE ADDRESS : 2109 PUDDINGTONS PATENT WAY
01 CITY : GAMBRILLS
STATE/ZIP : MD 21054
MORTGAGE AMOUNT : 346,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,444.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,331.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.88888
----------------------------------------------------------------
0 0031339435 MORTGAGORS: HITZMAN FREDERICK
BLIDEN CYNTHIA
REGION CODE ADDRESS : UNIT C-2 174 OCEAN AVENUE
01 CITY : BORO OF SEA BRIGHT
STATE/ZIP : NJ 07760
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,648,900.00
P & I AMT: 11,469.40
UPB AMT: 1,647,566.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 102
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031339518 MORTGAGORS: BERLINGIERI MICHAEL
BERLINGIERI JENNIFER
REGION CODE ADDRESS : 20 ALYSSA COURT
01 CITY : HOLBROOK
STATE/ZIP : NY 11741
MORTGAGE AMOUNT : 250,001.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,790.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 83.33366
----------------------------------------------------------------
0 0031339617 MORTGAGORS: ROGERS WAYNE
HU RONG
REGION CODE ADDRESS : 47 FEATHER RIDGE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 261,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,906.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,825.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031339708 MORTGAGORS: FUNFGELD GARY
FUNFGELD MICHELLE
REGION CODE ADDRESS : 28 THE PROMENADE
01 CITY : NEW CITY
STATE/ZIP : NY 10956
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 140,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 943.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 57.85100
----------------------------------------------------------------
0 0031339732 MORTGAGORS: MYERS MANUEL
REGION CODE ADDRESS : 816 WEST GABRIELINO COURT
01 CITY : ALTADENA,
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 424,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,652.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,930.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031339856 MORTGAGORS: GRAY HAROLD
SCHMUCK LIZABETH
REGION CODE ADDRESS : 21802 REGAL WAY
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,243.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,240.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,403,901.00
P & I AMT: 9,582.68
UPB AMT: 1,402,593.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 103
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031340029 MORTGAGORS: TSAHALIS NICK
TSAHALIS LYNN
REGION CODE ADDRESS : 12 ASPEN COURT
01 CITY : MAHWAH
STATE/ZIP : NJ 07430
MORTGAGE AMOUNT : 437,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,870.78 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.02100
----------------------------------------------------------------
0 0031340037 MORTGAGORS: BOWEN GEORGE
BOWEN ANGIE
REGION CODE ADDRESS : 3111 RIVIERA WAY
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 232,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,335.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,665.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031340326 MORTGAGORS: HALLMARK GEORGE
REGION CODE ADDRESS : 7719 MARQUETTE STREET
01 CITY : DALLAS
STATE/ZIP : TX 75225
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,374.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.34006
----------------------------------------------------------------
0 0031340938 MORTGAGORS: MCANLIS STEVE
MCANLIS CHRISTINE
REGION CODE ADDRESS : 23412 VIA ALONDRA
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,564.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
0 0031341118 MORTGAGORS: SALMON ERIC
SALMON ERIN
REGION CODE ADDRESS : 3637 WHITE OAK LANE
01 CITY : CUMMING
STATE/ZIP : IA 50061
MORTGAGE AMOUNT : 241,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,416.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,668.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.50000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,611,100.00
P & I AMT: 11,057.21
UPB AMT: 1,609,690.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 104
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031341340 MORTGAGORS: WAGGONER HAL
WAGGONER MYRA
REGION CODE ADDRESS : 203 AEGEAN WAY
01 CITY : WETUMPKA
STATE/ZIP : AL 36093
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,747.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,377.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031341415 MORTGAGORS: SWEGER BARRY
SWEGER CAMILLE
REGION CODE ADDRESS : 47118 SOUTHAMPTON COURT
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,800.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031341555 MORTGAGORS: MERRILL BETH
REGION CODE ADDRESS : 42 FERRIS HILL ROAD
01 CITY : NEW CANAAN
STATE/ZIP : CT 06840
MORTGAGE AMOUNT : 570,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 569,576.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,985.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 45.60000
----------------------------------------------------------------
0 0031342009 MORTGAGORS: VIRKKI JYRI
BIGIO AIDYMAR
REGION CODE ADDRESS : 105 NAVIGATOR DRIVE
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 207,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 207,046.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,468.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98365
----------------------------------------------------------------
0 0031343684 MORTGAGORS: REINHARDT HAROLD
REINHARDT COLLEEN
REGION CODE ADDRESS : 3111 SW 31ST PLACE
01 CITY : DES MOINES
STATE/ZIP : IA 50321
MORTGAGE AMOUNT : 262,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,600.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,815.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.87800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,636,300.00
P & I AMT: 11,393.01
UPB AMT: 1,634,771.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 105
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031343700 MORTGAGORS: GILLINGHAM BRUCE
GILLINGHAM JEANNETTE
REGION CODE ADDRESS : 509 ALAMEDA BOULEVARD
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,374.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,936.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.68600
----------------------------------------------------------------
0 0031344062 MORTGAGORS: NEVILS RICHARD
NEVILS LINDA RENE'POL
REGION CODE ADDRESS : 3526 SOUTH LAKESHORE DRIVE
01 CITY : BATON ROUGE
STATE/ZIP : LA 70808
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,474.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031344138 MORTGAGORS: SHONE RICHARD
REGION CODE ADDRESS : 62 OLD ORCHARD ROAD
01 CITY : SHERBORN
STATE/ZIP : MA 01770
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,733.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,162.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.69600
----------------------------------------------------------------
0 0031344187 MORTGAGORS: EDRY YIZHAQ
HIRSHCOVITZ-EDRY ILANA
REGION CODE ADDRESS : 842 DEDHAM STREET
01 CITY : NEWTON
STATE/ZIP : MA 02159
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,762.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.93500
----------------------------------------------------------------
0 0031344435 MORTGAGORS: TOLVE THOMAS
TOLVE LINDA
REGION CODE ADDRESS : 3 LORI STREET
01 CITY : SPOTSWOOD
STATE/ZIP : NJ 08884
MORTGAGE AMOUNT : 120,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 120,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 849.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 55.81300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,521,000.00
P & I AMT: 10,477.91
UPB AMT: 1,519,344.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 106
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031344757 MORTGAGORS: PAUKER ANTHONY
PAUKER KRISTEE
REGION CODE ADDRESS : 7009-7011 DRAPER AVENUE
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,716.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,384.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.90900
----------------------------------------------------------------
0 0031344815 MORTGAGORS: MCLAUGHLIN JOHN
CONNOLLY MAUREEN
REGION CODE ADDRESS : 3201 DRUID LANE
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,149.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.34300
----------------------------------------------------------------
0 0031344948 MORTGAGORS: PANTCHENKO VLADIMIR
PANTCHENKO TATIANA
REGION CODE ADDRESS : 29 CHRISIBAR DRIVE
01 CITY : CLIFTON
STATE/ZIP : NJ 07013
MORTGAGE AMOUNT : 198,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 198,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,333.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.27500
----------------------------------------------------------------
0 0031345101 MORTGAGORS: SALM CLIFFORD
SALM AMY
REGION CODE ADDRESS : 310 DEVON ROAD
01 CITY : TENAFLY
STATE/ZIP : NJ 07670
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,643.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,356.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.84600
----------------------------------------------------------------
0 0031345127 MORTGAGORS: SCHMITT GEORGE
SCHMITT MELISSA
REGION CODE ADDRESS : 11 MELBOURNE WAY
01 CITY : BASKING RIDGE
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.84800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,526,500.00
P & I AMT: 10,596.55
UPB AMT: 1,525,510.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 107
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031345259 MORTGAGORS: PAPA RAYMOND
PAPA MARICLAIRE
REGION CODE ADDRESS : 11 ENGLISH LANE
01 CITY : LINCROFT
STATE/ZIP : NJ 07738
MORTGAGE AMOUNT : 185,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 185,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,246.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 62.71100
----------------------------------------------------------------
0 0031345283 MORTGAGORS: BUTTERFIELD DAVID
BUTTERFIELD SHARON
REGION CODE ADDRESS : 49 MANLEY ROAD
01 CITY : HOPEWELL
STATE/ZIP : NJ 08638
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 150,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,048.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.11500
----------------------------------------------------------------
0 0031345317 MORTGAGORS: POLSTER CARRIE
JONGSMA THOMAS
REGION CODE ADDRESS : 828 PUEBLO DRIVE
01 CITY : FRANKLIN LAKES
STATE/ZIP : NJ 07417
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,378.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,771.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.60439
----------------------------------------------------------------
0 0031345812 MORTGAGORS: SCHARFETTER DEBORAH
JEBE WALTER
REGION CODE ADDRESS : 500 SAN FELICIA WAY
01 CITY : LOS ALTOS
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 540,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 539,599.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,775.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.05200
----------------------------------------------------------------
0 0031345960 MORTGAGORS: BREEN PATRICK
BREEN MARIA
REGION CODE ADDRESS : 48 HAZLETT AVE.
01 CITY : HAZLET
STATE/ZIP : NJ 07730
MORTGAGE AMOUNT : 133,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 133,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 907.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.17100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,352,000.00
P & I AMT: 9,749.52
UPB AMT: 1,350,977.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 108
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031346091 MORTGAGORS: YAMAMOTO RICHARD
YAMAMOTO SUSAN
REGION CODE ADDRESS : 8404 CROSSLAKE DRIVE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,758.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.69600
----------------------------------------------------------------
0 0031346174 MORTGAGORS: WITKIN JONATHAN
WITKIN MARSHA
REGION CODE ADDRESS : 14020 PIKE ROAD
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 620,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 617,787.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,042.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 51.66600
----------------------------------------------------------------
0 0031346208 MORTGAGORS: NAKAMURA DEEN
NAKAMURA JENNIE
REGION CODE ADDRESS : 5496 KALANIANAOLE HIGHWAY
01 CITY : HONOLULU
STATE/ZIP : HI 96821
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,158.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 63.54100
----------------------------------------------------------------
0 0031346422 MORTGAGORS: PARRISH HAYWOOD
PARRISH CHARLOTTE
REGION CODE ADDRESS : 928- C DODGE AVENUE
01 CITY : EVANSTON
STATE/ZIP : IL 60202
MORTGAGE AMOUNT : 104,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 103,916.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 700.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031346604 MORTGAGORS: SCHEUER GERALD
SCHEUER ELISABETH
REGION CODE ADDRESS : 119 CHARLES JENKINS LN
01 CITY : DUCK
STATE/ZIP : NC 27949
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,754.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,646,000.00
P & I AMT: 12,086.98
UPB AMT: 1,643,217.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 109
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031346679 MORTGAGORS: HEARRINGTON C
HEARRINGTON CARLA
REGION CODE ADDRESS : 1509 CANNON GATE DRIVE
01 CITY : MANSFIELD
STATE/ZIP : TX 76063
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,118.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031346877 MORTGAGORS: COLLETT FREDRICK
COLLETT KELLY
REGION CODE ADDRESS : 113 DEER RUN DRIVE
01 CITY : COLCHESTER
STATE/ZIP : CT 06415
MORTGAGE AMOUNT : 246,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,207.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,680.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.99200
----------------------------------------------------------------
0 0031347230 MORTGAGORS: PAKIZ J.
PAKIZ THERESA
REGION CODE ADDRESS : 10605 EQUESTRIAN DRIVE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,711.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,524.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.91360
----------------------------------------------------------------
0 0031348568 MORTGAGORS: WHITEHEAD PETER
REGION CODE ADDRESS : 13038 205TH PLACE SOUTHEAST
01 CITY : ISSAQUAH
STATE/ZIP : WA 98027
MORTGAGE AMOUNT : 343,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,062.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,343.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031348758 MORTGAGORS: MORTIMER ALAN
MORTIMER DENISE
REGION CODE ADDRESS : 6907 WILDROSE TERRACE
01 CITY : CARLSDAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,624.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.75342
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,456,500.00
P & I AMT: 9,979.61
UPB AMT: 1,454,723.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 110
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031348824 MORTGAGORS: BOOSMAN JAAP
BOOSMAN FAN
REGION CODE ADDRESS : 9706 HILLRIDGE DRIVE
01 CITY : KENSINGTON
STATE/ZIP : MD 20895
MORTGAGE AMOUNT : 300,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,827.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.18200
----------------------------------------------------------------
0 0031348840 MORTGAGORS: LOCHRIDGE IAN
COFER SHELAGH
REGION CODE ADDRESS : 1433 B NORTH CLEVELAND #55
01 CITY : CHICAGO
STATE/ZIP : IL 60610
MORTGAGE AMOUNT : 241,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,138.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,770.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031349228 MORTGAGORS: MITOUER FRED
MITOUER CHERYL
REGION CODE ADDRESS : 44800 FISH ROCK ROAD
01 CITY : GUALALA
STATE/ZIP : CA 95445
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,546.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 55.23800
----------------------------------------------------------------
0 0031349335 MORTGAGORS: REININGA HERM
REININGAA L.
REGION CODE ADDRESS : 5136 WINTER COURT
01 CITY : CEDAR RAPIDS
STATE/ZIP : IA 52411
MORTGAGE AMOUNT : 321,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,349.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,193.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.81200
----------------------------------------------------------------
0 0031349350 MORTGAGORS: KRUPKE CRAIG
REGION CODE ADDRESS : 14268 FOSSIL LANE
01 CITY : APPLE VALLEY
STATE/ZIP : MN 55124
MORTGAGE AMOUNT : 241,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,347.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,669.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.86900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,394,700.00
P & I AMT: 9,710.47
UPB AMT: 1,393,208.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 111
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031349368 MORTGAGORS: BOL JENNIFER
REGION CODE ADDRESS : 682 BROADWAY #9B
01 CITY : NEW YORK
STATE/ZIP : NY 10012
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 52.52500
----------------------------------------------------------------
0 0031349715 MORTGAGORS: GROSSMAN HOWARD
GROSSMAN KATHERINE
REGION CODE ADDRESS : 727 NORTH DUNTON AVE.
01 CITY : ARLINGTON HEIGHTS
STATE/ZIP : IL 60004
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,747.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
0 0031350002 MORTGAGORS: HALL SUSAN
REGION CODE ADDRESS : 47 DENALI DRIVE
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,587.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.36900
----------------------------------------------------------------
0 0031350291 MORTGAGORS: JACOBSON KENNETH
JACOBSON JOAN
REGION CODE ADDRESS : 16075 DOMINICA CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 361,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,627.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.97700
----------------------------------------------------------------
0 0031350457 MORTGAGORS: FREW BARRY
FREW JEANNE
REGION CODE ADDRESS : 25565 BOOTS ROAD
01 CITY : MONTEREY
STATE/ZIP : CA 93940
MORTGAGE AMOUNT : 685,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 684,504.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,848.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 015
LTV : 57.08300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,876,500.00
P & I AMT: 12,982.17
UPB AMT: 1,864,467.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 112
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031350937 MORTGAGORS: JIMALE TANYA
REGION CODE ADDRESS : 5101 SOUTH ROXBURY STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98168
MORTGAGE AMOUNT : 188,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 187,759.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,412.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 78.34900
----------------------------------------------------------------
0 0031351257 MORTGAGORS: DEMERS JEFFREY
DEMERS NORMA
REGION CODE ADDRESS : 414 TEE DRIVE
01 CITY : HEALDSBURG
STATE/ZIP : CA 95448
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,802.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,725.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.08310
----------------------------------------------------------------
0 0031351356 MORTGAGORS: MUSSEHL ROBERT
CHUNG MISOOK
REGION CODE ADDRESS : 2000 1ST AVE #902
01 CITY : SEATTLE
STATE/ZIP : WA 98121
MORTGAGE AMOUNT : 296,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,374.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.09300
----------------------------------------------------------------
0 0031351570 MORTGAGORS: MOUNTAIN DAN
MOUNTAIN DOROTHY
REGION CODE ADDRESS : 30 30TH PLACE
01 CITY : VENICE
STATE/ZIP : CA 90291
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,632.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,099.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.60000
----------------------------------------------------------------
0 0031351596 MORTGAGORS: MANGONE MARIO
MANGONE LAURA
REGION CODE ADDRESS : 12 READING ROAD
01 CITY : STOCKTON
STATE/ZIP : NJ 08559
MORTGAGE AMOUNT : 218,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,842.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,542.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 58.13300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,415,600.00
P & I AMT: 9,828.94
UPB AMT: 1,414,410.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 113
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031351711 MORTGAGORS: BAKER GEORGE
BAKER KATHLEEN
REGION CODE ADDRESS : 43320 HAGEN COURT
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 252,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,537.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.39 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.80900
----------------------------------------------------------------
0 0031351869 MORTGAGORS: PARKE DAVID
REGION CODE ADDRESS : 2401 NAUDAIN STREET
01 CITY : PHILA
STATE/ZIP : PA 19146
MORTGAGE AMOUNT : 234,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,230.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,659.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031351943 MORTGAGORS: GUPTA PAWAN
GUPTA NISHA
REGION CODE ADDRESS : 29 FEATHER RIDGE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 281,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,230.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031351984 MORTGAGORS: BARRY JOHN
BARRY JOYCE
REGION CODE ADDRESS : 9142 KAPAA DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,834.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,613.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.54800
----------------------------------------------------------------
0 0031352099 MORTGAGORS: REIMER WILLIAM
REIMER MIMI
REGION CODE ADDRESS : 5312 MAPLE VALLEY COURT
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 294,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,602.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,936.96 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,291,450.00
P & I AMT: 8,790.18
UPB AMT: 1,290,435.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 114
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031352107 MORTGAGORS: SOUDERS WILLIAM
SOUDERS SALLY
REGION CODE ADDRESS : 125 ARROYO WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95112
MORTGAGE AMOUNT : 445,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,303.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,035.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.46400
----------------------------------------------------------------
0 0031352339 MORTGAGORS: ARNOLD JAMES
ARNOLD LUCY
REGION CODE ADDRESS : 104 VIA CORDOVA
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 390,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,157.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,600.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031352446 MORTGAGORS: BLAKELY TIMOTHY
BLAKELY JUDITH
REGION CODE ADDRESS : 3812 NORTHRIDGE DRIVE
01 CITY : EAGAN
STATE/ZIP : MN 55123
MORTGAGE AMOUNT : 289,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,435.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,025.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031353014 MORTGAGORS: ILLSLEY DOUGLAS
ILLSLEY BETTY
REGION CODE ADDRESS : 2670 FM 983
01 CITY : RED OAK
STATE/ZIP : TX 75154
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,745.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031353584 MORTGAGORS: EL-ASSAL REDA
EL-ASSAL SUSANA
REGION CODE ADDRESS : 3034 BECKLEY DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 209,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 208,672.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,425.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.17900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,666,450.00
P & I AMT: 11,351.55
UPB AMT: 1,658,314.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 115
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031353717 MORTGAGORS: CLAYTON CHRISTOPHER
CLAYTON DONNA
REGION CODE ADDRESS : 17165 PINE WAY
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,817.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 93.60000
----------------------------------------------------------------
0 0031353956 MORTGAGORS: DAY JAMES
DAY CYNTHIA
REGION CODE ADDRESS : 2115 HARCOURT DR
01 CITY : CINCINNATI
STATE/ZIP : OH 45244
MORTGAGE AMOUNT : 281,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.97100
----------------------------------------------------------------
0 0031353972 MORTGAGORS: TORRES GUSTAVO
TORRES KATY
REGION CODE ADDRESS : 28833 DRAPPER COURT
01 CITY : HIGHLAND
STATE/ZIP : CA 92346
MORTGAGE AMOUNT : 163,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 163,514.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,118.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.29100
----------------------------------------------------------------
0 0031354582 MORTGAGORS: CARPENTER-ISRAEL STEPHEN
CARPENTER-ISRAEL WENDY
REGION CODE ADDRESS : 10 BAY TREE LANE
01 CITY : BETHESDA
STATE/ZIP : MD 20816
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,730.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,353.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.00000
----------------------------------------------------------------
0 0031354608 MORTGAGORS: JOSEPH WILLIAM
JOSEPH HELENE
REGION CODE ADDRESS : 245 WESTMINSTER PLACE
01 CITY : ATLANTA
STATE/ZIP : GA 30350
MORTGAGE AMOUNT : 315,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,259.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,179.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.29800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,339,900.00
P & I AMT: 9,239.41
UPB AMT: 1,338,822.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 116
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031354798 MORTGAGORS: HARMOUNT DAVID
HARMOUNT V.
REGION CODE ADDRESS : 34095 WEBFOOT LOOP
01 CITY : FREMONT
STATE/ZIP : CA 94555
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,500.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.35800
----------------------------------------------------------------
0 0031354871 MORTGAGORS: SCHECHTER ARNOLD
REGION CODE ADDRESS : 10825 EAST ROSEMARY LANE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,620.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031354889 MORTGAGORS: SCHNEIDER ROBERT
SCHNEIDER CYNTHIA
REGION CODE ADDRESS : 196 JESSIE LANE
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 362,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,710.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,438.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.88400
----------------------------------------------------------------
0 0031355118 MORTGAGORS: THORNE JOHN
THORNE JOAN
REGION CODE ADDRESS : 100 STONEY BROOK ROAD
01 CITY : NEWTOWN
STATE/ZIP : PA 18940
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,659.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,660.56 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 71.68100
----------------------------------------------------------------
0 0031355175 MORTGAGORS: MOKRYNSKI GREGORY
MOKRYNSKI ALICE
REGION CODE ADDRESS : 103 AUGUSTA DRIVE
01 CITY : BLUE BELL
STATE/ZIP : PA 19422
MORTGAGE AMOUNT : 293,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,371.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/23
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 82.03900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,579,700.00
P & I AMT: 10,947.35
UPB AMT: 1,575,862.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 117
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031355423 MORTGAGORS: STRIEKER GARY
STRIEKER CHRISTINE
REGION CODE ADDRESS : 12230 BROOKFIELD CLUB DRIVE
01 CITY : ROSWELL
STATE/ZIP : GA 30075
MORTGAGE AMOUNT : 490,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 490,144.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,471.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031355662 MORTGAGORS: LAWRENCE RONALD
LAWRENCE DEBORAH
REGION CODE ADDRESS : 9584 HILLHAVEN AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91042
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,637.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.81400
----------------------------------------------------------------
0 0031355670 MORTGAGORS: KIRK COLUM
KIRK GRETEL
REGION CODE ADDRESS : 4525 HAZELNUT COURT
01 CITY : CHANTILLY
STATE/ZIP : VA 22021
MORTGAGE AMOUNT : 239,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,723.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031355787 MORTGAGORS: CAMPER NATALIE
REGION CODE ADDRESS : 125 PLEASANT STREET #207
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 137,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 137,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 892.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031355811 MORTGAGORS: MORASKY MICHAEL
DEPREVILLE CLAIRE
REGION CODE ADDRESS : 2351 BRYANT STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94110
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,855.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,584.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,340,020.00
P & I AMT: 9,379.36
UPB AMT: 1,338,960.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 118
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031355928 MORTGAGORS: GONZALEZ JORGE
GONZALEZ ROSA
REGION CODE ADDRESS : 10301 SW 60TH STREET
01 CITY : MIAMI
STATE/ZIP : FL 33173
MORTGAGE AMOUNT : 244,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,422.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,731.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031355977 MORTGAGORS: NOBLE CHARLES
REGION CODE ADDRESS : 41 CIRCLE ROAD
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 800,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 798,637.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,662.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 015
LTV : 69.56500
----------------------------------------------------------------
0 0031356132 MORTGAGORS: MAHON BRUCE
MAHON SUSAN
REGION CODE ADDRESS : 2616 MONMOUTH ROAD
01 CITY : JOBSTOWN
STATE/ZIP : NJ 08041
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,806.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.73600
----------------------------------------------------------------
0 0031356140 MORTGAGORS: GOTOBED MARK
REGION CODE ADDRESS : 49 MEADOWOOD ROAD
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01845
MORTGAGE AMOUNT : 177,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 177,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,136.56 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 85.00900
----------------------------------------------------------------
0 0031356223 MORTGAGORS: REVMAN NORMAN
REVMAN SYLVIA
REGION CODE ADDRESS : 24 COUNTRYSIDE LANE
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 129,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 129,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 869.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 50.58800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,593,100.00
P & I AMT: 11,029.67
UPB AMT: 1,591,366.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 119
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031356363 MORTGAGORS: PITTS CHARLES
PITTS LAURA
REGION CODE ADDRESS : 20 HONEYSUCKLE LANE
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35213
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,764.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,987.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.12000
----------------------------------------------------------------
0 0031356553 MORTGAGORS: YATIM HASSAN
YATIM KIMBERLY
REGION CODE ADDRESS : 5157 KELLER RIDGE DRIVE
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 237,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,887.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,639.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.99200
----------------------------------------------------------------
0 0031356603 MORTGAGORS: MARUCA DONALD
MARUCA SHARON
REGION CODE ADDRESS : 20904 NERINE COURT
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 240,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,707.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99468
----------------------------------------------------------------
0 0031356686 MORTGAGORS: LOESCH GARY
LOESCH SANDRA
REGION CODE ADDRESS : 10035 BURCHELL ROAD
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 403,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 402,414.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,852.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 41.12200
----------------------------------------------------------------
0 0031356710 MORTGAGORS: NGO HOANG
LE CHAU
REGION CODE ADDRESS : 2169 AVENIDA DE LAS FLORES
01 CITY : SANTA CLARA
STATE/ZIP : CA 95054
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,786.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.90000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,464,250.00
P & I AMT: 10,115.93
UPB AMT: 1,462,559.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 120
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031356959 MORTGAGORS: CARVER DAVID
CARVER LESLIE
REGION CODE ADDRESS : 6658 PIKES LANE
01 CITY : BATON ROUGE
STATE/ZIP : LA 70808
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,664.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,284.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031357072 MORTGAGORS: SNEAD RICHARD
GERRITY MARGARET
REGION CODE ADDRESS : 423 PALMA STREET
01 CITY : EL GRANADA
STATE/ZIP : CA 94018
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,403.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,506.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031357577 MORTGAGORS: HOLLAND MICHAEL
HOLLAND PALMA
REGION CODE ADDRESS : 16309 AVENIDA FLORENCIA
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,548.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031357759 MORTGAGORS: GALLAGHER CHARLES
GALLAGHER JULIE
REGION CODE ADDRESS : 111 GRAND AVENUE
01 CITY : ATLANTIC HIGHLAND
STATE/ZIP : NJ 07716
MORTGAGE AMOUNT : 111,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 111,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 757.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031358237 MORTGAGORS: JONES CAMERON
REGION CODE ADDRESS : 4057 VININGS MILL TRAIL
01 CITY : SMYRNA
STATE/ZIP : GA 30080
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,834.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,613.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,471,000.00
P & I AMT: 10,205.79
UPB AMT: 1,469,450.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 121
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031358260 MORTGAGORS: TURNER PETER
TURNER ANN
REGION CODE ADDRESS : 13800 OXMOOR PLACE
01 CITY : DARNESTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,474.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,375.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.82100
----------------------------------------------------------------
0 0031358351 MORTGAGORS: MILLER KURT
MILLER CYNTHIA
REGION CODE ADDRESS : 6737 DEL CERRO BLVD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92120
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,789.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031358427 MORTGAGORS: KOTOWSKI JOSEPH
KOTOWSKI KATHI
REGION CODE ADDRESS : 25 STANFORD AVENUE
01 CITY : WOODBRIDGE
STATE/ZIP : NJ 07095
MORTGAGE AMOUNT : 187,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 187,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,291.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 81.30400
----------------------------------------------------------------
0 0031358468 MORTGAGORS: SCHWARTZ NAN
REGION CODE ADDRESS : 28 COUNTRY CLUB LANE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89109
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,394.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,301.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 59.21000
----------------------------------------------------------------
0 0031358476 MORTGAGORS: DEROSA GEORGE
DEROSA JOANNE
REGION CODE ADDRESS : 6 ANDOVER DR
01 CITY : NORTH CALDWELL BOROUGH
STATE/ZIP : NJ 07006
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,187.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,633.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,629,000.00
P & I AMT: 11,508.70
UPB AMT: 1,626,846.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 122
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031358526 MORTGAGORS: SHADE PATRICK
SHADE JOAN
REGION CODE ADDRESS : 4 KALE DRIVE
01 CITY : BRIDGEWATER
STATE/ZIP : NJ 08807
MORTGAGE AMOUNT : 156,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 156,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,077.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 41.60000
----------------------------------------------------------------
0 0031358823 MORTGAGORS: SICARI SEBASTIAN
SICARI TONI
REGION CODE ADDRESS : 135 TOWNSEND FARM RD
01 CITY : BOXFORD
STATE/ZIP : MA 09121
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,024.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,641.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 49.65517
----------------------------------------------------------------
0 0031358856 MORTGAGORS: LAMADRID LEE
TIMM LEONARD
REGION CODE ADDRESS : 347 WISCONSIN AVE
01 CITY : LAKE FOREST
STATE/ZIP : IL 60045
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,304.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 56.81800
----------------------------------------------------------------
0 0031358930 MORTGAGORS: CLYBURN COLLINS
CLYBURN ROSE MARY
REGION CODE ADDRESS : 7 HIGHLAND CIRCLE
01 CITY : THE WOODLANDS
STATE/ZIP : TX 77381
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,426.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031359458 MORTGAGORS: SOPKO GEORGE
SOPKO VALENTINA
REGION CODE ADDRESS : 21000 SUGAR RIDGE TERRACE
01 CITY : BOYDS
STATE/ZIP : MD 20841
MORTGAGE AMOUNT : 548,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 547,593.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,831.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,558,800.00
P & I AMT: 11,054.18
UPB AMT: 1,556,348.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 123
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031360027 MORTGAGORS: COLABIANCHI VINCENT
COLABIANCHI LAURA
REGION CODE ADDRESS : 2819 ARGUELLO DRIVE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 472,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 472,307.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,345.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.64500
----------------------------------------------------------------
0 0031360225 MORTGAGORS: WINGAD KEITH
WINGAD MARY
REGION CODE ADDRESS : 1155 DAVE CREEK PARKWAY
01 CITY : FAIRFIELD BAY
STATE/ZIP : AR 72088
MORTGAGE AMOUNT : 483,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 483,399.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,423.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031360241 MORTGAGORS: ASHLEY JEFFREY
DEJA ANDREAS
REGION CODE ADDRESS : 3494 BERRY DRIVE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 889,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 887,772.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,445.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 015
LTV : 70.00000
----------------------------------------------------------------
0 0031360506 MORTGAGORS: KORNFELD BRIAN
HART KAREN
REGION CODE ADDRESS : 3277 STONER AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90006
MORTGAGE AMOUNT : 326,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,145.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,226.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031360605 MORTGAGORS: FORMICA FRANK
FORMICA JOANNE
REGION CODE ADDRESS : 22 BAILEY ROAD
01 CITY : ARLINGTON
STATE/ZIP : MA 02174
MORTGAGE AMOUNT : 145,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 145,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 940.47 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,316,800.00
P & I AMT: 16,382.31
UPB AMT: 2,314,625.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 124
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031361009 MORTGAGORS: HOLDEN MAUREEN
REGION CODE ADDRESS : 1105 LEXINGTON STREET BLDG 6 UNIT 1
01 CITY : WALTHAM
STATE/ZIP : MA 02154
MORTGAGE AMOUNT : 85,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 85,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 572.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.47300
----------------------------------------------------------------
0 0031361512 MORTGAGORS: SCOTT DUANE
SCOTT JENNIFER
REGION CODE ADDRESS : 1680 MORNING TERRACE DRIVE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,553.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.33900
----------------------------------------------------------------
0 0031362460 MORTGAGORS: SOOD JASJEET
SOOD KATHRYN
REGION CODE ADDRESS : 10 SERENITY LANE
01 CITY : GREENWICH
STATE/ZIP : CT 06878
MORTGAGE AMOUNT : 640,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 639,047.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,474.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031362627 MORTGAGORS: SACKETT ROBB
SACKETT MARYBETH
REGION CODE ADDRESS : 712 ESSEX COURT
01 CITY : GLEN ELLYN
STATE/ZIP : IL 60137
MORTGAGE AMOUNT : 532,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 531,563.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,539.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.54600
----------------------------------------------------------------
0 0031363187 MORTGAGORS: PACHINO BARTON
PACHINO LINDA
REGION CODE ADDRESS : 16138 OSTEGO STREET (ENCINO AREA)
01 CITY : LOS ANGELES
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 470,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,277.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,643.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/18
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.66101
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,027,000.00
P & I AMT: 14,328.60
UPB AMT: 2,022,441.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 125
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031363328 MORTGAGORS: DEWEY RICHARD
DEWEY DIANE
REGION CODE ADDRESS : 800 KINGSTON WAY
01 CITY : COLFAX
STATE/ZIP : CA 95713
MORTGAGE AMOUNT : 291,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,369.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,086.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031363344 MORTGAGORS: WHITING LAWRENCE
HONGO-WHITING VALERIE
REGION CODE ADDRESS : 12 SAINT PAUL LANE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 484,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 482,564.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,400.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031363377 MORTGAGORS: WRIGHT JOHN
REGION CODE ADDRESS : 1326 W 36TH STREET
01 CITY : SAN PEDRO
STATE/ZIP : CA 90731
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,575.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 54.20000
----------------------------------------------------------------
0 0031363500 MORTGAGORS: BERROCAL ALBERT
BERROCAL PATRICIA
REGION CODE ADDRESS : 4339 YUKI LANE
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,783.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.33333
----------------------------------------------------------------
0 0031363724 MORTGAGORS: FILBRANT PHILLIP
REID JOANNE
REGION CODE ADDRESS : 7863 BRINT RD.
01 CITY : SYLVANIA
STATE/ZIP : OH 43560
MORTGAGE AMOUNT : 770,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 770,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,450.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 015
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,101,200.00
P & I AMT: 14,754.12
UPB AMT: 2,098,292.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 126
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031363732 MORTGAGORS: ADAMS ROBERT
ADAMS LINDESAY
REGION CODE ADDRESS : 419 HILLWAY DRIVE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,511.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031363898 MORTGAGORS: MCMAHON SCOTT
MCMAHON PAUL
REGION CODE ADDRESS : 222 ESSEX ST
01 CITY : LYNN
STATE/ZIP : MA 01901
MORTGAGE AMOUNT : 49,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 49,472.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 398.28 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 9.00000 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031363955 MORTGAGORS: PIAZZA DAVID
PIAZZA LAURA
REGION CODE ADDRESS : 8 BECKWITH STREET
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,486.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
0 0031364045 MORTGAGORS: PHAM PHUC
PHAM PHI
REGION CODE ADDRESS : 418 FULLERTON DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95111
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,667.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.75600
----------------------------------------------------------------
0 0031364151 MORTGAGORS: MUSCATIELLO MICHAEL
CAHN LISA
REGION CODE ADDRESS : 1 UNAMI COURT
01 CITY : SOMERSET
STATE/ZIP : NJ 08873
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,742.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.65645
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,264,500.00
P & I AMT: 8,812.27
UPB AMT: 1,262,881.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 127
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031364300 MORTGAGORS: MCGUINNESS ELIZABETH
REGION CODE ADDRESS : 58 EIGHTH STREET
01 CITY : HOBOKEN
STATE/ZIP : NJ 07030
MORTGAGE AMOUNT : 183,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 183,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,326.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 49.45900
----------------------------------------------------------------
0 0031364318 MORTGAGORS: DEMITRAKIKES MICHAEL
DEMITRAKIKES CHARLOTTE
REGION CODE ADDRESS : 17809 FIFTEENTH TEE LANE
01 CITY : SUNRIVER
STATE/ZIP : OR 97707
MORTGAGE AMOUNT : 243,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,409.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,661.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.21900
----------------------------------------------------------------
0 0031364359 MORTGAGORS: SIMMONS ALLYN
SIMMONS URSULA
REGION CODE ADDRESS : 85 PARKGROVE DRIVE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 356,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,164.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,401.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031364409 MORTGAGORS: CARLL WADE
CARLL KATHLEEN
REGION CODE ADDRESS : 77 PARKGROVE DRIVE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 377,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,840.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,734.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031364508 MORTGAGORS: EGAN WILLIAM
EGAN SUSAN
REGION CODE ADDRESS : 5237 WOODDALE AVENUE SO.
01 CITY : EDINA
STATE/ZIP : MN 55424
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,809.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.46913
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,411,150.00
P & I AMT: 9,857.97
UPB AMT: 1,410,224.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 128
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031364532 MORTGAGORS: BALLEAU DAVID
BALLEAU SHELLY
REGION CODE ADDRESS : 3510 ECHO MOUNTAIN DRIVE
01 CITY : KINGWOOD
STATE/ZIP : TX 77345
MORTGAGE AMOUNT : 108,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 107,921.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 764.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031364540 MORTGAGORS: SKLARE RICHARD
SKLARE AMY
REGION CODE ADDRESS : 600 BENT CREEK RIDGE
01 CITY : DEERFIELD
STATE/ZIP : IL 60015
MORTGAGE AMOUNT : 338,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,242.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,337.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.08100
----------------------------------------------------------------
0 0031364698 MORTGAGORS: FAYE LINDSAY
FAYE DIANE
REGION CODE ADDRESS : 5481/ 5481A WAILAAU ROAD
01 CITY : KOLOA
STATE/ZIP : HI 96756
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,741.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,945.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 71.42857
----------------------------------------------------------------
0 0031364920 MORTGAGORS: HANSON DANIEL
HANSON DEBORAH
REGION CODE ADDRESS : 4905 EAST MERCER WAY
01 CITY : MERCER ISLAND
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 329,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,342.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,248.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031365000 MORTGAGORS: DESTEFANIS JOHN
DESTEFANIS LINDA
REGION CODE ADDRESS : 1092 GREYMOOR ROAD
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35242
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,710.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 41.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,476,100.00
P & I AMT: 10,127.79
UPB AMT: 1,474,959.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 129
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031365083 MORTGAGORS: SCHATZ ROCKNE
TARANTINO ANGELA
REGION CODE ADDRESS : 100 MARINA COURT DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 454,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 453,636.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,058.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.84615
----------------------------------------------------------------
0 0031365091 MORTGAGORS: OTTEN GERALD
OTTEN SUSAN
REGION CODE ADDRESS : 619 PARK AVENUE
01 CITY : HOBOKEN
STATE/ZIP : NJ 07030
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,746.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.74500
----------------------------------------------------------------
0 0031365158 MORTGAGORS: WIENER JOEL
WIENER JEANNE
REGION CODE ADDRESS : 455 EMERALD AVE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,747.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 58.37800
----------------------------------------------------------------
0 0031365281 MORTGAGORS: JACOBS WILLIAM
JACOBS PAMELA
REGION CODE ADDRESS : 1 COLLINS FARM ROAD
01 CITY : NEWBURYPORT
STATE/ZIP : MA 01950
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,368.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031365307 MORTGAGORS: ZLATIC JOHN
ZLATIC KAREN
REGION CODE ADDRESS : 3310 FOX PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92117
MORTGAGE AMOUNT : 154,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 154,669.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,083.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.45000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,638,900.00
P & I AMT: 11,197.79
UPB AMT: 1,637,800.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 130
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031365323 MORTGAGORS: SEGURA JOHN
SEGURA DEBRA
REGION CODE ADDRESS : 220 SENTINEL AVENUE
01 CITY : NEWTOWN
STATE/ZIP : PA 18940
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,771.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,718.78 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 88.92600
----------------------------------------------------------------
0 0031365356 MORTGAGORS: CHI JONATHAN
CHI EUN
REGION CODE ADDRESS : 5311 CORTOLANE DRIVE
01 CITY : LA CRESCENTA
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 252,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,332.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031365646 MORTGAGORS: DOORLEY FRANK
DOORLEY MARIAN
REGION CODE ADDRESS : 892 TIMBER LANE
01 CITY : LAKE FOREST
STATE/ZIP : IL 60045
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,665.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,038.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.45500
----------------------------------------------------------------
0 0031365711 MORTGAGORS: HOWARD STEVEN
REGION CODE ADDRESS : 4444 CANOGA AVENUE
01 CITY : WOODLAND HILLS AREA
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,203.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031365935 MORTGAGORS: WHITEMAN GEORGE
WHITEMAN STASIA
REGION CODE ADDRESS : 882 BOXHILL LANE
01 CITY : WAYNE
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,715.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,398.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.30727
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,567,400.00
P & I AMT: 10,675.51
UPB AMT: 1,565,687.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 131
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031366016 MORTGAGORS: FULLING RUSSELL
CHENG CAROL
REGION CODE ADDRESS : 1706 ELM AVENUE
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 241,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,216.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031366065 MORTGAGORS: CHIEN THEODORE
CHIEN JULIE
REGION CODE ADDRESS : PELICAN BEACH ROAD
01 CITY : MERRIFIELD
STATE/ZIP : MN 56465
MORTGAGE AMOUNT : 294,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,181.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,058.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031366362 MORTGAGORS: ARRIOLA BENJAMIN
ARRIOLA CATHERINE
REGION CODE ADDRESS : 4345 COTTONWOOD LANE
01 CITY : DEEPHAVEN
STATE/ZIP : MN 55331
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,750.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031366776 MORTGAGORS: FINN DANIEL
LESTER KERRIGAN
REGION CODE ADDRESS : 42418 GRAND TETON PARK STREET
01 CITY : FREMONT
STATE/ZIP : CA 94538
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,365.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,738.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031366826 MORTGAGORS: FISCHER NANCY
REGION CODE ADDRESS : 1975 GREENWOOD ROAD
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,630.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.88800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,355,550.00
P & I AMT: 9,381.56
UPB AMT: 1,354,144.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 132
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031366891 MORTGAGORS: THOMAS CHRISTOPHER
THOMAS ELEANOR
REGION CODE ADDRESS : 469 LAKEHURST COURT
01 CITY : FAIRFIELD
STATE/ZIP : CA 94533
MORTGAGE AMOUNT : 232,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,472.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,606.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 83.08900
----------------------------------------------------------------
0 0031367279 MORTGAGORS: STEWART THOMAS
STEWART JORJA
REGION CODE ADDRESS : 2726 SKYLARK CIRCLE
01 CITY : COSTA MESA
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 252,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,903.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.02700
----------------------------------------------------------------
0 0031367394 MORTGAGORS: TOWNSEND PAUL
TOWNSEND MAUREEN
REGION CODE ADDRESS : 8 STRATTON HILL ROAD
01 CITY : WESTFORD
STATE/ZIP : MA 01886
MORTGAGE AMOUNT : 144,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 144,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 933.99 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 56.47000
----------------------------------------------------------------
0 0031367428 MORTGAGORS: ANDERSON DAVID
ANDERSON CHRISTINE
REGION CODE ADDRESS : 24 FOREST AVENUE
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 52.17300
----------------------------------------------------------------
0 0031367824 MORTGAGORS: BINDER FRANK
REGION CODE ADDRESS : 2017 KERNWOOD AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90025
MORTGAGE AMOUNT : 450,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,011.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,112.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.70689
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,379,450.00
P & I AMT: 9,471.14
UPB AMT: 1,378,165.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 133
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031368111 MORTGAGORS: PHILLIPS MICHELE
RILEY MATTHEW
REGION CODE ADDRESS : 16730 NORTH 108TH STREET
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 299,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,616.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,045.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.52800
----------------------------------------------------------------
0 0031368145 MORTGAGORS: SALSBERG YOLANDA
REGION CODE ADDRESS : 18915 YORK LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 519,281.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,770.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.09600
----------------------------------------------------------------
0 0031368244 MORTGAGORS: CROSS RICHARD
CROSS DEBORAH
REGION CODE ADDRESS : 2985 EAST DE LOS ARBOLES
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,633.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 86.34686
----------------------------------------------------------------
0 0031368277 MORTGAGORS: LUEBBEN ROBERT
REGION CODE ADDRESS : 779 DEER CLOVER WAY
01 CITY : CASTLE ROCK
STATE/ZIP : CO 80104
MORTGAGE AMOUNT : 254,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,230.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,802.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031368582 MORTGAGORS: LAHEY THOMAS
REGION CODE ADDRESS : 33831 KILLARNEY LANE
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 513,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 512,569.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,370.04 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 76.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,821,450.00
P & I AMT: 12,584.25
UPB AMT: 1,819,331.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 134
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031368780 MORTGAGORS: COOKSON ROBERT
COOKSON COLLEEN
REGION CODE ADDRESS : 5150 N. CAMELHEAD DRIVE
01 CITY : PHOENIX
STATE/ZIP : AZ 85018
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,413.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,558.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031368806 MORTGAGORS: MILLER TIMOTHY
MILLER BRIDGET
REGION CODE ADDRESS : 13 ARROWHEAD LANE
01 CITY : SOMERSET
STATE/ZIP : NJ 08823
MORTGAGE AMOUNT : 368,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,264.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0031368863 MORTGAGORS: ULLIAN STEPHEN
ULLIAN ELAINE
REGION CODE ADDRESS : 71 HARBOR DRIVE
01 CITY : BOURNE
STATE/ZIP : MA 02559
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,717.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031368889 MORTGAGORS: WALLACE EUGENE
WALLACE ANN
REGION CODE ADDRESS : 124 BEAUMONT AVENUE
01 CITY : NEWTONVILLE
STATE/ZIP : MA 02160
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,749.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,035.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 56.14678
----------------------------------------------------------------
0 0031369044 MORTGAGORS: MANCUSO MICHAEL
MANCUSO GLORIA
REGION CODE ADDRESS : 303 GRAMERCY PLACE
01 CITY : GLEN ROCK
STATE/ZIP : NJ 07452
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,959.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,810.89 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,729,000.00
P & I AMT: 11,880.87
UPB AMT: 1,727,104.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 135
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031369101 MORTGAGORS: BOGAN SCOTT
BOGAN ELIZABETH
REGION CODE ADDRESS : 304 NEWTOWN TURNPIKE
01 CITY : WILTON
STATE/ZIP : CT 06897
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 49.40000
----------------------------------------------------------------
0 0031369275 MORTGAGORS: AYALA MICHAEL
AYALA ANNA
REGION CODE ADDRESS : 1725 PEREGRINO WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,659.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,974.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031369341 MORTGAGORS: RAMSEY FRANCES
REGION CODE ADDRESS : 3588 GROVE GATE LANE
01 CITY : ATLANTA
STATE/ZIP : GA 30339
MORTGAGE AMOUNT : 246,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,123.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 42.86900
----------------------------------------------------------------
0 0031369499 MORTGAGORS: NITAO DAVID
REGION CODE ADDRESS : 2938 NORTH WESTON STREET
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,806.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.05600
----------------------------------------------------------------
0 0031369648 MORTGAGORS: ZWEIFEL DAVID
ZWEIFEL MARY
REGION CODE ADDRESS : 6900 BENJAMIN STREET
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,528.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,053.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.82300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,478,500.00
P & I AMT: 10,149.01
UPB AMT: 1,477,119.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 136
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031370034 MORTGAGORS: PARKER LEWIS
PARKER SHARON
REGION CODE ADDRESS : 51 FOREST AVENUE UNIT 108
01 CITY : OLD GREENWICH
STATE/ZIP : CT 06870
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,729.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,545.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031370042 MORTGAGORS: HANNON WILLIAM
HANNON CLAUDIA
REGION CODE ADDRESS : 1820 LARKDALE AVENUE
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 160,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 160,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,077.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 53.33300
----------------------------------------------------------------
0 0031370141 MORTGAGORS: PAPPALARDO JOHN
PAPPALARDO ANTOINETTE
REGION CODE ADDRESS : 4 BOXWOOD CIRCLE
01 CITY : AVON
STATE/ZIP : CT 06001
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,776.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0031370505 MORTGAGORS: OLSEN ALLEN
OLSEN NANCY
REGION CODE ADDRESS : 6805 IROQUOIS CIRCLE
01 CITY : EDINA
STATE/ZIP : MN 55439
MORTGAGE AMOUNT : 269,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,394.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 56.16600
----------------------------------------------------------------
0 0031370562 MORTGAGORS: NOLAN THOMAS
NOLAN JULIE
REGION CODE ADDRESS : 873 CAPITAN STREET
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 229,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,121.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,564.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.06800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,302,900.00
P & I AMT: 8,935.82
UPB AMT: 1,302,021.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 137
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031370638 MORTGAGORS: TUNG STEVEN
LI LI AI
REGION CODE ADDRESS : 25778 DURRWOOD COURT
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 241,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,202.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,607.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031370646 MORTGAGORS: STUMBO DAVID
REGION CODE ADDRESS : 1561 6TH AVENUE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,440.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031370737 MORTGAGORS: SCHOENFELD PAUL
RAY DIANE
REGION CODE ADDRESS : 6413 CORLISS AVE N.
01 CITY : SEATTLE
STATE/ZIP : WA 98103
MORTGAGE AMOUNT : 283,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,984.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,956.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031370786 MORTGAGORS: OFER ZAHAVI
REGION CODE ADDRESS : 2034 HERCULES DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,641.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 45.63100
----------------------------------------------------------------
0 0031370794 MORTGAGORS: BALL OSCAR
BALL STEPHANIE
REGION CODE ADDRESS : 1290 KENWOOD ROAD
01 CITY : SANTA BABARA
STATE/ZIP : CA 93109
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,407.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 78.28571
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,373,800.00
P & I AMT: 9,402.02
UPB AMT: 1,371,676.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 138
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031370802 MORTGAGORS: BANDELIN JAMES
BANDELIN STEPHANIE
REGION CODE ADDRESS : 24256 CRUISE CIRCLE DRIVE
01 CITY : CANYON LAKE
STATE/ZIP : CA 92587
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,517.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,641.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.80000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031370828 MORTGAGORS: MILLS DON
MILLS LISA
REGION CODE ADDRESS : 1152 ORANGE PLACE
01 CITY : BOULDER
STATE/ZIP : CO 80304
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,285.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 88.54800
----------------------------------------------------------------
0 0031370844 MORTGAGORS: BILLOW JOHN
BILLOW MELISSA
REGION CODE ADDRESS : 986 CALLE VERDE
01 CITY : MARTINEZ
STATE/ZIP : CA 94553
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,233.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,365.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031370901 MORTGAGORS: GLOISTEIN MARK
GLOISTEIN KELLY
REGION CODE ADDRESS : 10371 LINSCOTT COURT
01 CITY : ELK GROVE
STATE/ZIP : CA 95624
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,821.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.53600
----------------------------------------------------------------
0 0031371388 MORTGAGORS: JOHNSON JIMMIE
REGION CODE ADDRESS : 5135 ISLAND FOREST PLACE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 630,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 629,085.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,459.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 52.50000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,712,500.00
P & I AMT: 12,016.82
UPB AMT: 1,709,943.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 139
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031371537 MORTGAGORS: AUSTIN DAVID
AUSTIN JENNIE
REGION CODE ADDRESS : 3901 TAMA STREET SOUTHEAST
01 CITY : CEDAR RAPIDS
STATE/ZIP : IA 52403
MORTGAGE AMOUNT : 256,640.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,429.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,707.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.24300
----------------------------------------------------------------
0 0031371636 MORTGAGORS: BOYLE EDWARD
REGION CODE ADDRESS : 607 COLLEGE AVENUE
01 CITY : HAVERFORD
STATE/ZIP : PA 19041
MORTGAGE AMOUNT : 510,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 509,630.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,609.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 56.66600
----------------------------------------------------------------
0 0031371651 MORTGAGORS: ESTES ROBERT
ESTES KELLY
REGION CODE ADDRESS : 25270 GOLD HILLS DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,756.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031371677 MORTGAGORS: EGAN DOROTHY
REGION CODE ADDRESS : 2 HUBBARD RD
01 CITY : AMHERST
STATE/ZIP : NH 03031
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 432,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,837.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031371842 MORTGAGORS: FRANCIS MYRON
FRANCIS KATHLEEN
REGION CODE ADDRESS : 585 NORTH HOPPER ROAD
01 CITY : MODESTO
STATE/ZIP : CA 95357
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,421.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,788,240.00
P & I AMT: 12,350.14
UPB AMT: 1,787,238.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 140
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031371909 MORTGAGORS: PRICE CHRISTOPHER
PRICE LISA
REGION CODE ADDRESS : 410 EL VUELO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,389.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031371941 MORTGAGORS: LAPEYRADE JEAN
FOUNTAIN JEFFREY
REGION CODE ADDRESS : 501-503 MANDANA BOULEVARD
01 CITY : OAKLAND
STATE/ZIP : CA 94610
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,736.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,576.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.13000
----------------------------------------------------------------
0 0031372105 MORTGAGORS: ADAMS MICHAEL
REGION CODE ADDRESS : 9720 FRANLO ROAD
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55346
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,737.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,382.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.98300
----------------------------------------------------------------
0 0031372147 MORTGAGORS: POULDAR SAEID
REGION CODE ADDRESS : 10846 WILKINS AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90024
MORTGAGE AMOUNT : 414,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 413,383.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,894.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.11300
----------------------------------------------------------------
0 0031372261 MORTGAGORS: BELLETTINI CHRISTINE
HOWARD MARY
REGION CODE ADDRESS : 1528 DEMPSTER
01 CITY : EVANSTON
STATE/ZIP : IL 60202
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 140,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 943.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.51400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,663,000.00
P & I AMT: 11,559.86
UPB AMT: 1,661,247.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 141
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031372477 MORTGAGORS: SCHUENEMAN DIANE
SCHUENEMAN GARY
REGION CODE ADDRESS : 861 SPRINGTON ROAD
01 CITY : GLENMORE
STATE/ZIP : PA 19343
MORTGAGE AMOUNT : 637,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 637,026.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,457.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031372493 MORTGAGORS: BRUTICO ANGELO
BRUTICO SUSAN
REGION CODE ADDRESS : 728 HILLVIEW ROAD
01 CITY : MALVERN
STATE/ZIP : PA 19355
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,655.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,693.41 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.35800
----------------------------------------------------------------
0 0031372675 MORTGAGORS: WALLACE ROBERT
WALLACE EILEEN
REGION CODE ADDRESS : 13325 186TH AVENUE NORTHEAST
01 CITY : WOODINVILLE
STATE/ZIP : WA 98072
MORTGAGE AMOUNT : 270,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,416.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031372683 MORTGAGORS: NAKAMURA KIYOSHI
NAKAMURA MICHIYO
REGION CODE ADDRESS : 17086 10TH AVE NORTHWEST
01 CITY : SEATTLE
STATE/ZIP : WA 98177
MORTGAGE AMOUNT : 285,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,093.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.08000
----------------------------------------------------------------
0 0031372741 MORTGAGORS: WHITE STEVEN
WHITE LINDA
REGION CODE ADDRESS : 454 SACKETT COURT
01 CITY : SEVERNA PARK
STATE/ZIP : MD 21146
MORTGAGE AMOUNT : 360,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,125.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,489.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.57800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,964,000.00
P & I AMT: 13,599.47
UPB AMT: 1,962,318.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 142
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031372766 MORTGAGORS: LEON FLORENCIO
BRAVO GRACIELA
REGION CODE ADDRESS : 8405 PINE THRUST WAY
01 CITY : TAMPA
STATE/ZIP : FL 33647
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,585.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.76000
----------------------------------------------------------------
0 0031372873 MORTGAGORS: FRANKS JAMES
FRANKS JULIE
REGION CODE ADDRESS : 22109 PALOS VERDES BOULEVARD
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,822.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,707.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031372907 MORTGAGORS: ANDERSON BRUCE
ANDERSON TAMMY
REGION CODE ADDRESS : 11505 ALBORADA DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92127
MORTGAGE AMOUNT : 248,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,039.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.36100
----------------------------------------------------------------
0 0031373053 MORTGAGORS: WONG BOBBY
RUSH LYNDA
REGION CODE ADDRESS : 2234 25TH STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 376,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,238.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,634.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031373145 MORTGAGORS: GRAUL CHARLES
ASKANAS LESLIE
REGION CODE ADDRESS : 3504 LAUREL AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 453,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 452,807.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,132.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.68600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,625,900.00
P & I AMT: 11,407.59
UPB AMT: 1,623,494.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 143
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031373186 MORTGAGORS: KELLY ANDREW
REGION CODE ADDRESS : 1116 1OTH ST
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,950.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031373251 MORTGAGORS: DE PEW JOSEPH
DE PEW SHARI
REGION CODE ADDRESS : 9915 MICHIGAN BOULEVARD
01 CITY : BEACH PARK
STATE/ZIP : IL 60099
MORTGAGE AMOUNT : 132,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 132,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 891.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031373467 MORTGAGORS: MELVIN DENNIS
DAVIS TERRI
REGION CODE ADDRESS : 1015 QUARTERMASTER CANYON ROAD
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,758.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,962.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.60400
----------------------------------------------------------------
0 0031373715 MORTGAGORS: TOYOS RAMON
BARTOLOMEO TERESITA
REGION CODE ADDRESS : 2730 SW 110 AVENUE
01 CITY : MIAMI
STATE/ZIP : FL 33165
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,902.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,770.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.20600
----------------------------------------------------------------
0 0031373764 MORTGAGORS: BRAM JESSICA
REGION CODE ADDRESS : 32 WEBB ROAD
01 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 200,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,432.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 40.08000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,219,500.00
P & I AMT: 8,234.99
UPB AMT: 1,213,911.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 144
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031373772 MORTGAGORS: ACENAS PAULINO
GO MILAGROS
REGION CODE ADDRESS : 1909 ARBOL GRANDE COURT
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94595
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,731.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,346.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.65200
----------------------------------------------------------------
0 0031373780 MORTGAGORS: THACHET CYRIAC
MATHEW SUJA
REGION CODE ADDRESS : 7038 REDCOAT DRIVE
01 CITY : FLOURTOWN
STATE/ZIP : PA 19031
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,748.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,550.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031373814 MORTGAGORS: MYLIN CLARENCE
MYLIN JEANETTE
REGION CODE ADDRESS : 2222 HOSNER ROAD
01 CITY : OXFORD
STATE/ZIP : MI 48370
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,706.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,761.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.05500
----------------------------------------------------------------
0 0031373905 MORTGAGORS: LAHAIE IVAN
LAHAIE KATHY
REGION CODE ADDRESS : 5445 PROSPECT HILL
01 CITY : GRASS LAKE
STATE/ZIP : MI 49240
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,766.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.25000
----------------------------------------------------------------
0 0031373947 MORTGAGORS: DUFFY THOMAS
DUFFY JOYCE
REGION CODE ADDRESS : 6122 152ND PLACE SOUTHEAST
01 CITY : SNOHOMISH
STATE/ZIP : WA 98296
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,633.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.32200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,614,000.00
P & I AMT: 11,151.44
UPB AMT: 1,612,587.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 145
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031373962 MORTGAGORS: DEMESA PRAXEDES
REGION CODE ADDRESS : 10740 OAKWILDE AVENUE
01 CITY : STOCKTON
STATE/ZIP : CA 95212
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,666.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,146.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031373988 MORTGAGORS: DAVIDOW JOANNE
REGION CODE ADDRESS : 103 SOUTH 23RD STREET
01 CITY : LONGPORT
STATE/ZIP : NJ 08403
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,783.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 52.56100
----------------------------------------------------------------
0 0031374051 MORTGAGORS: CHUNG JANICE
WYLUPSKI WAYNE
REGION CODE ADDRESS : 7 HILLTOP AVENUE
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,823.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.46300
----------------------------------------------------------------
0 0031374085 MORTGAGORS: BIEDEBACH DAVID
BIEDEBACH ALINA
REGION CODE ADDRESS : 2740 QUEENS WAY
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 356,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,235.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,492.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.22200
----------------------------------------------------------------
0 0031374093 MORTGAGORS: BANSAL AVTAR
BANSAL HERVINDER
REGION CODE ADDRESS : 220 SUMMERFORD CIRCLE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 302,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,960.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,140.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,635,900.00
P & I AMT: 11,460.21
UPB AMT: 1,634,469.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 146
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031374168 MORTGAGORS: MACHINIST PETER
MACHINIST ALICE
REGION CODE ADDRESS : 125 WINDEMERE ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02166
MORTGAGE AMOUNT : 292,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,177.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 61.42800
----------------------------------------------------------------
0 0031374317 MORTGAGORS: PALSTRA DONALD
PALSTRA LORNA
REGION CODE ADDRESS : 2076 VINTAGE LANE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,313.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,108.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
0 0031374333 MORTGAGORS: CURTIS RORY
CURTIS LAURA
REGION CODE ADDRESS : 31 CONSTITUTION DRIVE
01 CITY : SOUTHBOROUGH
STATE/ZIP : MA 01772
MORTGAGE AMOUNT : 348,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031374556 MORTGAGORS: IM HOF DOUGLAS
IM HOF KAREN
REGION CODE ADDRESS : 1027 MANCHESTER STREET
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91701
MORTGAGE AMOUNT : 154,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 153,781.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,103.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 93.33300
----------------------------------------------------------------
0 0031374705 MORTGAGORS: PAOLUCCI JOSEPH
REGION CODE ADDRESS : 918 W WEBSTER AVE
01 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,006.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.84900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,675,200.00
P & I AMT: 11,558.04
UPB AMT: 1,674,072.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 147
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031374846 MORTGAGORS: GARON JEFFREY
GARON VICTORIA
REGION CODE ADDRESS : 5126 MYRTLE LEAF DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,789.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031374994 MORTGAGORS: GORE KENNETH
REGION CODE ADDRESS : 4 BENNETS NECK ROAD
01 CITY : POCASSET
STATE/ZIP : MA 02559
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,627.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031375181 MORTGAGORS: DEVLIN BRIAN
DEVLIN SHEILA
REGION CODE ADDRESS : 7 EASLEY TERRACE
01 CITY : MORRIS TOWNSHIP
STATE/ZIP : NJ 07961
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,720.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,107.95 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 73.86300
----------------------------------------------------------------
0 0031375504 MORTGAGORS: WOLF EDWARD
WOLF DEBORAH
REGION CODE ADDRESS : 25629 CRESTFIELD CIRCLE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 370,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,025.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,589.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.99000
----------------------------------------------------------------
0 0031375611 MORTGAGORS: SEAVEY DOROTHY
SOSKE TRINA
REGION CODE ADDRESS : 93 STANTON AVENUE
01 CITY : NEWTON
STATE/ZIP : MA 02166
MORTGAGE AMOUNT : 700,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 700,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,775.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 015
LTV : 66.35000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,921,300.00
P & I AMT: 13,126.70
UPB AMT: 1,920,163.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 148
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031375629 MORTGAGORS: WILSON ALLAN
WILSON ESTHER
REGION CODE ADDRESS : 1205 REGENCY CENTER DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30331
MORTGAGE AMOUNT : 268,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,393.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99300
----------------------------------------------------------------
0 0031376023 MORTGAGORS: FREDRICKS JOSH
FREDRICKS LINDA
REGION CODE ADDRESS : 1260 KEATS STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,681.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,114.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.42700
----------------------------------------------------------------
0 0031376270 MORTGAGORS: GOODMAN JAMES
GOODMAN ILSE
REGION CODE ADDRESS : 608 EAST BAUER ROAD
01 CITY : NAPERVILLE
STATE/ZIP : IL 60563
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,729.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,545.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031376437 MORTGAGORS: WASS TED
FEINBERG-WASS NINA
REGION CODE ADDRESS : 11733 VALLEY CREST ROAD
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 947,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 946,348.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,866.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 015
LTV : 63.13300
----------------------------------------------------------------
0 0031376460 MORTGAGORS: SHERIDAN GERARD
SHERIDAN MARY
REGION CODE ADDRESS : 311 BARN HILL ROAD
01 CITY : WEST CHESTER
STATE/ZIP : PA 19382
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,777.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,802.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.42800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,290,650.00
P & I AMT: 16,207.26
UPB AMT: 2,287,930.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 149
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031376494 MORTGAGORS: BROWN NORMAN
ORMSBY SUSAN
REGION CODE ADDRESS : 47618 GABLE COMMON
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,478.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
0 0031376502 MORTGAGORS: SHTILMAN LEONID
KURILSKAYA NATALYA
REGION CODE ADDRESS : 1591 MEADOW LARK LANE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 359,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,940.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,542.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031376551 MORTGAGORS: SHAW ANDREW
SHAW DIANE
REGION CODE ADDRESS : 22204 CIRCLE J. RANCH
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 302,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,268.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,065.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.68700
----------------------------------------------------------------
0 0031376577 MORTGAGORS: SCHMITT JOHN
SCHMITT LINDA
REGION CODE ADDRESS : 11 TALBOTT FARM DRIVE
01 CITY : MENDON
STATE/ZIP : MA 01756
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 180,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,212.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 50.01300
----------------------------------------------------------------
0 0031376841 MORTGAGORS: UCCI FRANCIS
REGION CODE ADDRESS : 333 DEER POINT DRIVE
01 CITY : GULF BREEZE
STATE/ZIP : FL 32561
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,713.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,411.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 47.10500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,524,950.00
P & I AMT: 10,421.90
UPB AMT: 1,523,400.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 150
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031376858 MORTGAGORS: FRANKLIN WILLIAM
FRANKLIN SUSAN
REGION CODE ADDRESS : 752 WHITE BLOSSOM COURT
01 CITY : POWDER SPRINGS
STATE/ZIP : GA 30127
MORTGAGE AMOUNT : 290,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,484.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,032.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031376957 MORTGAGORS: SCHLENKER DAVID
SCHLENKER JULIE
REGION CODE ADDRESS : 105 CRIMSON PLACE
01 CITY : CHESTER SPRINGS
STATE/ZIP : PA 19425
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,310.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,786.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.37400
----------------------------------------------------------------
0 0031376973 MORTGAGORS: LESHAN LOREN
GOMEZ JORGE
REGION CODE ADDRESS : 4700 N. LAKE SHORE DRIVE
01 CITY : WHITEFISH
STATE/ZIP : WI 53211
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,390.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,972.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.53886
----------------------------------------------------------------
0 0031377054 MORTGAGORS: VARALLO THOMAS
VARALLO LORETTA
REGION CODE ADDRESS : 307 RIDGEWAY STREET
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19116
MORTGAGE AMOUNT : 46,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 46,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 321.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 47.42200
----------------------------------------------------------------
0 0031377112 MORTGAGORS: DURHAM ELIZA
REGION CODE ADDRESS : 1572 MASSACHUSETTS UNIT 6
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02138
MORTGAGE AMOUNT : 106,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 106,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 724.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.89200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,118,450.00
P & I AMT: 7,838.31
UPB AMT: 1,117,434.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 151
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031377146 MORTGAGORS: DEMPSEY PAUL
DEMPSEY SANDRA
REGION CODE ADDRESS : 5965 VISTA DEL MAR
01 CITY : YORBA LINDA
STATE/ZIP : CA 92687
MORTGAGE AMOUNT : 325,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,302.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,250.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.17500
----------------------------------------------------------------
0 0031377195 MORTGAGORS: MALKASIAN CATHY
REGION CODE ADDRESS : 1136 SOUTH CURSON AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90019
MORTGAGE AMOUNT : 263,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,489.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031377336 MORTGAGORS: DAHLE DAVID
DAHLE BETH
REGION CODE ADDRESS : 1200 GRENOX ROAD
01 CITY : WYNNEWOOD
STATE/ZIP : PA 19096
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,538.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,012.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.72900
----------------------------------------------------------------
0 0031377377 MORTGAGORS: DI MARCO JAIME
REGION CODE ADDRESS : 22918 DOLOROSA STREET
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,153.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,688.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.98600
----------------------------------------------------------------
0 0031377476 MORTGAGORS: BANSAL NARENDRA
KAUL ANITA
REGION CODE ADDRESS : 9845 SHOUP AVENUE
01 CITY : CHATSWORTH LOS ANGELES
STATE/ZIP : CA 91311
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,255.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,623,000.00
P & I AMT: 11,223.40
UPB AMT: 1,620,739.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 152
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031377815 MORTGAGORS: BEAUBELLE GLENN
BEAUBELLE KELLIE
REGION CODE ADDRESS : 2 HASTINGS COURT
01 CITY : MORAGA
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,197.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,368.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 59.88000
----------------------------------------------------------------
0 0031378060 MORTGAGORS: SAVONI CHARLES
SAVONI VIRGINIA
REGION CODE ADDRESS : 808 EL BERRO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,768.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031378441 MORTGAGORS: FLANAGAN ROBERT
FLANAGAN SUSAN
REGION CODE ADDRESS : 6111 SISTER ELSIE DRIVE
01 CITY : TUJUNGA AREA
STATE/ZIP : CA 91042
MORTGAGE AMOUNT : 267,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,491.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.91000
----------------------------------------------------------------
0 0031378565 MORTGAGORS: BRANDT WAYNE
BRANDT ALAINE
REGION CODE ADDRESS : 2041 SELBY AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90025
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,863.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,371.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031378789 MORTGAGORS: PINE ROGELIO
PINE TERESA
REGION CODE ADDRESS : 54 HODGE ROAD
01 CITY : PRINCETON
STATE/ZIP : NJ 08540
MORTGAGE AMOUNT : 596,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 595,868.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,220.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.15200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,020,000.00
P & I AMT: 13,886.50
UPB AMT: 2,017,190.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 153
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031379332 MORTGAGORS: SIEFERT ROBERT
REGION CODE ADDRESS : 760-762 ELIZABETH STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 492,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 491,210.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,314.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031379522 MORTGAGORS: DUNAWAY JOHN
DUNAWAY ELIZABETH
REGION CODE ADDRESS : 35 SPYGLASS DRIVE
01 CITY : LITTLETON
STATE/ZIP : CO 80128
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,136.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031379555 MORTGAGORS: MCGEARY JOHN
MCGEARY LAUREN
REGION CODE ADDRESS : 67 IVY HILL ROAD
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,639.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.92900
----------------------------------------------------------------
0 0031379845 MORTGAGORS: HUGHES PETER
HUGHES LISA
REGION CODE ADDRESS : 100 SUMMIT AVENUE
01 CITY : MONTCLAIR TWP
STATE/ZIP : NJ 07043
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,346.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,116.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.70255
----------------------------------------------------------------
0 0031379969 MORTGAGORS: WASSEROTT CHARLES
WASSEROTT KRISTINA
REGION CODE ADDRESS : 11201 CHAPEL ROAD
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 431,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,219.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,763.58 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,706,600.00
P & I AMT: 11,579.92
UPB AMT: 1,703,553.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 154
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031380090 MORTGAGORS: ARNOLD DEBORAH
REGION CODE ADDRESS : 1938 NORTH SEDGWICK
01 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,706.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,866.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 57.85700
----------------------------------------------------------------
0 0031380181 MORTGAGORS: MOHAMMED BALARABE
MOHAMMED DEION
REGION CODE ADDRESS : 32217 ALLSION DRIVE
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031380330 MORTGAGORS: EDWARDS RICKY
EDWARDS KIMBERLY
REGION CODE ADDRESS : 357 PECAN GROVE LANE
01 CITY : MARBLE FALLS
STATE/ZIP : TX 78654
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,514.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.96 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031380371 MORTGAGORS: MANGIN THOMAS
MANGIN ROSA
REGION CODE ADDRESS : 75 BETTEN COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,972.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031380454 MORTGAGORS: GORDON LAWRENCE
REGION CODE ADDRESS : 505 CLARK COURT
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 510,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 509,602.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,479.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.11900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,769,400.00
P & I AMT: 12,104.44
UPB AMT: 1,767,568.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 155
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031380512 MORTGAGORS: MATHER ALAN
GLASS KATHERINE
REGION CODE ADDRESS : 2632 CENTRAL PARK
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 226,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,509.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031380843 MORTGAGORS: BOSCO JOHN
JONKER-CIERI AMANDA
REGION CODE ADDRESS : 1527 REDDING PARK LANE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,802.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031381056 MORTGAGORS: MITCHELL MICHAEL
REGION CODE ADDRESS : 27 CURRYCOMB CIRCLE
01 CITY : WEST BRANSTABLE
STATE/ZIP : MA 02668
MORTGAGE AMOUNT : 105,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 104,925.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 752.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 58.33300
----------------------------------------------------------------
0 0031381122 MORTGAGORS: WHITMAN KENNETH
WHITMAN JODI
REGION CODE ADDRESS : 20 HILLS PARK LANE
01 CITY : SMITHTOWN
STATE/ZIP : NY 11787
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,070.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031381387 MORTGAGORS: WALKER KEN
WALKER LISA
REGION CODE ADDRESS : 202 W VISTA AVENUE
01 CITY : PHOENIX
STATE/ZIP : AZ 85021
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,419.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,286,450.00
P & I AMT: 8,971.84
UPB AMT: 1,285,167.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 156
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031381395 MORTGAGORS: ALIJANI MOHAMMAD
ALIJANI MIMI
REGION CODE ADDRESS : 5904 TANGLEWOOD DRIVE
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,710.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031381437 MORTGAGORS: GAMBOA JAN
GAMBOA MARY
REGION CODE ADDRESS : 2339 COMMONWEALTH UNIT 3C
01 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 145,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 145,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 964.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 87.87800
----------------------------------------------------------------
0 0031381825 MORTGAGORS: HISER BONNIE
REGION CODE ADDRESS : 8513 BRADMOOR DRIVE
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,822.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,555.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031381833 MORTGAGORS: HESTER TIMOTHY
HESTER CAROL
REGION CODE ADDRESS : 643 DORAL LANE
01 CITY : MELBOURNE
STATE/ZIP : FL 32940
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,795.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 69.63700
----------------------------------------------------------------
0 0031382047 MORTGAGORS: RAMHOFER RICHARD
RAMHOFER PAMELA
REGION CODE ADDRESS : 1708 CARIBBEAN DRIVE
01 CITY : SARASOTA
STATE/ZIP : FL 34231
MORTGAGE AMOUNT : 196,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 195,858.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,387.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,219,000.00
P & I AMT: 8,401.77
UPB AMT: 1,218,185.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 157
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031382112 MORTGAGORS: BLUM EUGENE
BLUM CARMI
REGION CODE ADDRESS : 8202 VALLEYDALE COVE
01 CITY : AUSTIN
STATE/ZIP : TX 78757
MORTGAGE AMOUNT : 49,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 49,268.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 370.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 51.89400
----------------------------------------------------------------
0 0031382310 MORTGAGORS: RAAB RONALD
WEAVER-RAAB EILEEN
REGION CODE ADDRESS : 9 MC MULLAN FARM LANE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19382
MORTGAGE AMOUNT : 484,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 483,649.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,425.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031382369 MORTGAGORS: MORRIS KEVIN
MORRIS TAMMY
REGION CODE ADDRESS : 1011 PROVIDENCE LANE
01 CITY : BOULDER CITY
STATE/ZIP : NV 89005
MORTGAGE AMOUNT : 232,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,981.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 82.26700
----------------------------------------------------------------
0 0031382625 MORTGAGORS: RINGWALL ERIC
RINGWALL CYNTHIA
REGION CODE ADDRESS : 13628 SUNSET VIEW ROAD
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,808.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031382666 MORTGAGORS: ZAHAVI GIL
ZAHAVI SHARON
REGION CODE ADDRESS : 8437 COREYELL PLACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,519.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 45.98500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,332,450.00
P & I AMT: 9,355.36
UPB AMT: 1,331,227.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 158
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031382989 MORTGAGORS: FORMAN FREDERICK
FORMAN CAROL
REGION CODE ADDRESS : 18803 LAKE PLACID LANE
01 CITY : GERMANTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 257,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,149.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.70900
----------------------------------------------------------------
0 0031383011 MORTGAGORS: DODSON CARL
DODSON LOUISE
REGION CODE ADDRESS : 4010 NORTH RIVER STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,733.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,162.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.34600
----------------------------------------------------------------
0 0031383201 MORTGAGORS: CARLUCCIO WILLIAM
CARLUCCIO ELIZABETH
REGION CODE ADDRESS : 4 PRIMROSE LN
01 CITY : DENVILLE
STATE/ZIP : NJ 07834
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,566.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031383292 MORTGAGORS: MULLEN ROBERT
HURT-MULLEN KATHY
REGION CODE ADDRESS : 13514 SANDERLING PLACE
01 CITY : GERMANTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,819.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.47100
----------------------------------------------------------------
0 0031383573 MORTGAGORS: GIBSON JEANNINE
FECHKO MICHAEL
REGION CODE ADDRESS : 26009 SE. 30TH STREET
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,810.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.35800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,338,350.00
P & I AMT: 9,406.70
UPB AMT: 1,337,512.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 159
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031383730 MORTGAGORS: LAU SCOTT
LAU LAI
REGION CODE ADDRESS : 63 PARKGROVE DRIVE
01 CITY : SO SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 255,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,940.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 56.05900
----------------------------------------------------------------
0 0031383870 MORTGAGORS: BOGGS BRENDA
REGION CODE ADDRESS : 4023 PAIGE STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90031
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,564.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.60200
----------------------------------------------------------------
0 0031384035 MORTGAGORS: COCKS BRUCE
COCKS JANINE
REGION CODE ADDRESS : 146 PARK AVE
01 CITY : ALLENDALE
STATE/ZIP : NJ 07401
MORTGAGE AMOUNT : 195,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 195,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,313.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 88.63600
----------------------------------------------------------------
0 0031384050 MORTGAGORS: GOODMAN RANDALL
GOODMAN DINNA
REGION CODE ADDRESS : 998 S. LADAN LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,570.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031384076 MORTGAGORS: ROE SEAN
ROE LINDA
REGION CODE ADDRESS : 88 DEER RIDGE ROAD
01 CITY : BERNARDS TOWNSHIP
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,724.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,689.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.09000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,363,150.00
P & I AMT: 9,269.53
UPB AMT: 1,361,800.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 160
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031384233 MORTGAGORS: GORIA TIMOTHY
GORIA ELLEN
REGION CODE ADDRESS : 389 WINDSOR RD
01 CITY : RIVER EDGE
STATE/ZIP : NJ 07661
MORTGAGE AMOUNT : 181,520.00 OPTION TO CONVERT :
UNPAID BALANCE : 181,520.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,238.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.92100
----------------------------------------------------------------
0 0031384258 MORTGAGORS: DEPOTO CHARLES
DEPOTO PATRICIA
REGION CODE ADDRESS : 311 CLINTON AVE
01 CITY : TOMS RIVER
STATE/ZIP : NJ 08753
MORTGAGE AMOUNT : 130,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 130,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,037.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.42100
----------------------------------------------------------------
0 0031384357 MORTGAGORS: SWANSON ALAN
SWANSON ALICE
REGION CODE ADDRESS : 1971 BLUE MOUNTAIN ROAD
01 CITY : LONGMONT
STATE/ZIP : CO 80501
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,612.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,754.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.89900
----------------------------------------------------------------
0 0031384506 MORTGAGORS: BROOKS SAMUEL
BROOKS MARY
REGION CODE ADDRESS : 34611 N. WHILEAWAY ROAD
01 CITY : CAREFREE
STATE/ZIP : AZ 85377
MORTGAGE AMOUNT : 325,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,090.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,221.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.43300
----------------------------------------------------------------
0 0031384514 MORTGAGORS: GERRITY MARGARET
REGION CODE ADDRESS : 2 BEVERLY ROAD
01 CITY : ARLINGTON
STATE/ZIP : MA 02174
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,802.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.31400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,152,120.00
P & I AMT: 8,053.80
UPB AMT: 1,151,222.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 161
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031384530 MORTGAGORS: PFEIFFER RICHARD
PFEIFFER NANCY
REGION CODE ADDRESS : 1901 E. WILLOW TREE CIRCLE
01 CITY : GILBERT
STATE/ZIP : AZ 85234
MORTGAGE AMOUNT : 270,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,894.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,865.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.52500
----------------------------------------------------------------
0 0031384571 MORTGAGORS: SCHREIBER ARTHUR
SCHREIBER JANET
REGION CODE ADDRESS : 830 LAKE STREET #3
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94118
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,805.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,977.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031384605 MORTGAGORS: GONZALES MARK
GONZALES LYNN
REGION CODE ADDRESS : 7746 AIRPORT BOULEVARD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 241,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,749.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 83.71500
----------------------------------------------------------------
0 0031384696 MORTGAGORS: FARNHAM JOHN
REGION CODE ADDRESS : 570 PAGE STREET UNIT 5
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94117
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,202.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031385024 MORTGAGORS: THELIAN LORRAINE
REGION CODE ADDRESS : 9516 NEUSE WAY
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,675.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,170.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,501,600.00
P & I AMT: 10,582.94
UPB AMT: 1,500,327.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 162
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031385198 MORTGAGORS: CARLSON MARGARET
REGION CODE ADDRESS : 904 N.HARMONY AVE
01 CITY : GILBERT
STATE/ZIP : AZ 85234
MORTGAGE AMOUNT : 168,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 167,762.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,203.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 79.98900
----------------------------------------------------------------
0 0031385370 MORTGAGORS: RUSSELL JAMES
RUSSELL LINDA
REGION CODE ADDRESS : 1112 CAMINO RANCHITOS NW
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87114
MORTGAGE AMOUNT : 305,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,156.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,163.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031385685 MORTGAGORS: DANIELS MATTHEW
DANIELS CARRIE
REGION CODE ADDRESS : 22300 HICKORY WAY
01 CITY : BRIER
STATE/ZIP : WA 98036
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,566.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031385818 MORTGAGORS: PETROSSIAN HAGOP
PETROSSIAN LIANNA
REGION CODE ADDRESS : 1217 ALTA PASEO
01 CITY : BURBANK
STATE/ZIP : CA 91501
MORTGAGE AMOUNT : 203,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 202,690.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,402.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 56.38888
----------------------------------------------------------------
0 0031385859 MORTGAGORS: MCCURDY JOHN
MCCURDY KIMBERLY
REGION CODE ADDRESS : 7 WATCH HILL ROAD
01 CITY : LADUE
STATE/ZIP : MO 63124
MORTGAGE AMOUNT : 314,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,682.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,196.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.13600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,260,750.00
P & I AMT: 8,784.32
UPB AMT: 1,258,857.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 163
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031385867 MORTGAGORS: KHAW RICHARD
KHAW PENTHEA
REGION CODE ADDRESS : 6228 CAMELLIA AVENUE
01 CITY : TEMPLE CITY
STATE/ZIP : CA 91780
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,737.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,209.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031385933 MORTGAGORS: PAPPAS DEAN
PAPPAS JULIE
REGION CODE ADDRESS : 1121 MAYFAIR LANE
01 CITY : GLENCOE
STATE/ZIP : IL 60022
MORTGAGE AMOUNT : 575,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 574,573.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,020.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 47.91600
----------------------------------------------------------------
0 0031385941 MORTGAGORS: PECK DAVID
REGION CODE ADDRESS : 84 LEVANT STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 406,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,082.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,772.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031385982 MORTGAGORS: WESTON ERICA
REGION CODE ADDRESS : SE CORNER PERRY NEWBERRY & ESCOLLE
01 CITY : CARMEL
STATE/ZIP : CA 93921
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,606.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 42.25352
----------------------------------------------------------------
0 0031386121 MORTGAGORS: DELIBERTO ED
DELIBERTO MARCIA
REGION CODE ADDRESS : 12627 HESBY STREET
01 CITY : NORTH HOLLYWOOD
STATE/ZIP : CA 91607
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,549.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.88888
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,919,400.00
P & I AMT: 13,424.31
UPB AMT: 1,917,549.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 164
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031386170 MORTGAGORS: CASE ROBERT
CASE LINDA
REGION CODE ADDRESS : 4644 AMERICAN RIVER DRIVE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95864
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,546.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031386477 MORTGAGORS: MCGOWAN DENNIS
VAN BRUSSEL RUDI
REGION CODE ADDRESS : 1805 NICHOLS CANYON ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,711.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,524.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.72340
----------------------------------------------------------------
0 0031386550 MORTGAGORS: MINEHART DAVID
KUIKEN REBECCA
REGION CODE ADDRESS : 1619 NOREEN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 270,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,588.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031386717 MORTGAGORS: MATHEWS RODERICK
MATHEWS KARLA
REGION CODE ADDRESS : 1516 PARK AVENUE
01 CITY : RICHMOND
STATE/ZIP : VA 23220
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,787.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.54200
----------------------------------------------------------------
0 0031387079 MORTGAGORS: POE WILLIAM
POE SUSAN
REGION CODE ADDRESS : 4608 BON AIRE DRIVE
01 CITY : MONROE
STATE/ZIP : LA 71203
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,706.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,564.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,585,800.00
P & I AMT: 10,843.20
UPB AMT: 1,584,341.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 165
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031387152 MORTGAGORS: KELLEHER JOSEPH
KELLEHER HELEN
REGION CODE ADDRESS : 140 RIVERSIDE DRIVE #PH-E/F
01 CITY : NEW YORK
STATE/ZIP : NY 10024
MORTGAGE AMOUNT : 850,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 850,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,943.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 015
LTV : 44.73600
----------------------------------------------------------------
0 0031387368 MORTGAGORS: SALZONE JANE
SALZONE VINCENT
REGION CODE ADDRESS : 11 GALLOWAY COURT
01 CITY : WEST ORANGE TOWNSHIP
STATE/ZIP : NJ 07052
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,695.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 72.50000
----------------------------------------------------------------
0 0031387467 MORTGAGORS: BENSON TODD
BENSON DEANNA
REGION CODE ADDRESS : 20150 BERKELEY WAY
01 CITY : YORBA LINDA
STATE/ZIP : CA 92686
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,604.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.31300
----------------------------------------------------------------
0 0031387541 MORTGAGORS: PERIYASAMY SANKARAPPAN
PERIYASAMY JEYANTHI
REGION CODE ADDRESS : 18231 EDEN TRAILS LANE
01 CITY : HOUSTON
STATE/ZIP : TX 77094
MORTGAGE AMOUNT : 102,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 102,696.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 719.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.94500
----------------------------------------------------------------
0 0031387590 MORTGAGORS: HOPKINS H.
HOPKINS KAREN
REGION CODE ADDRESS : 515 WESTFIELD WAY
01 CITY : OAKLAND
STATE/ZIP : CA 94614
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,808.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,707,850.00
P & I AMT: 12,042.51
UPB AMT: 1,706,805.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 166
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031387665 MORTGAGORS: WEGER JAMES
WEGER DONNA
REGION CODE ADDRESS : 8436 CARRIAGE LANE
01 CITY : TINLEY PARK
STATE/ZIP : IL 60477
MORTGAGE AMOUNT : 86,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 86,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 582.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031387764 MORTGAGORS: ROBERTS JOHN
ROBERTS ROBIN
REGION CODE ADDRESS : 94 LEWIS LANE
01 CITY : FAIR HAVEN
STATE/ZIP : NJ 07704
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,606.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,074.43 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031387863 MORTGAGORS: TRAN DANIEL
TRAN MIKE
REGION CODE ADDRESS : 3109 WHITE DAISY PLACE
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 274,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,319.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.60 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031388069 MORTGAGORS: CONWAY DANIEL
CONWAY PAULA
REGION CODE ADDRESS : 60 GRAY CRAIG ROAD
01 CITY : MIDDLETOWN
STATE/ZIP : RI 02842
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,696.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,560.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 63.75800
----------------------------------------------------------------
0 0031388168 MORTGAGORS: WILSON CHARLES
WILSON SHARON
REGION CODE ADDRESS : 35770 NIGHTSHADE LANE
01 CITY : SOLON
STATE/ZIP : OH 44139
MORTGAGE AMOUNT : 258,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,867.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,949.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/23
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.75600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,467,200.00
P & I AMT: 9,970.82
UPB AMT: 1,465,989.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 167
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031388267 MORTGAGORS: HICKS RANDALL
HICKS JEANNETTE
REGION CODE ADDRESS : 6062 SUN VIEW ROAD
01 CITY : YORBA LINDA
STATE/ZIP : CA 92686
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,288.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,070.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.12500
----------------------------------------------------------------
0 0031388507 MORTGAGORS: EPSTEIN CAROL
REGION CODE ADDRESS : 275 WEST STREET
01 CITY : HARRISON
STATE/ZIP : NY 10528
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,009.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.44100
----------------------------------------------------------------
0 0031388531 MORTGAGORS: MULLEN PATRICK
MULLEN WENDY
REGION CODE ADDRESS : 700 THIRD STREET
01 CITY : SAN JUAN BAUTISTA
STATE/ZIP : CA 95045
MORTGAGE AMOUNT : 148,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 147,890.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,034.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031389174 MORTGAGORS: WOLGIN ROY
WOLGIN SALLY
REGION CODE ADDRESS : 671 FERNFIELD CIRCLE
01 CITY : WAYNE
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,747.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.78700
----------------------------------------------------------------
0 0031389224 MORTGAGORS: KUNG CHARLES
REGION CODE ADDRESS : 1971 SKYLINE VISTA DRIVE
01 CITY : LA HABRA HEIGHTS
STATE/ZIP : CA 90631
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,993.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,268,900.00
P & I AMT: 8,750.07
UPB AMT: 1,267,919.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 168
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031389810 MORTGAGORS: HOLLERON BARRY
HOLLERON CHARRON
REGION CODE ADDRESS : 45 SENDERO VERDE
01 CITY : SAN ANDERO VERDE
STATE/ZIP : TX 78261
MORTGAGE AMOUNT : 344,393.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,121.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,459.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 86.09800
----------------------------------------------------------------
0 0031390008 MORTGAGORS: SANDERS CURT
REGION CODE ADDRESS : 6518 EMBERS DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75248
MORTGAGE AMOUNT : 153,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 152,989.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,072.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031390388 MORTGAGORS: BOWLES WOODSON
GANICK ELAINE
REGION CODE ADDRESS : 5420 CAMELOT ROAD
01 CITY : BRENTWOOD
STATE/ZIP : FL 37027
MORTGAGE AMOUNT : 239,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,335.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.84300
----------------------------------------------------------------
0 0031390636 MORTGAGORS: SCHAEFFER SCOTT
SCHAEFFER LINDA
REGION CODE ADDRESS : 205 ST ANTHONY'S DRIVE
01 CITY : MOORESTOWN
STATE/ZIP : NJ 08057
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,704.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,395.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031390891 MORTGAGORS: GREENE LARRY
BATZER-GREENE JILL
REGION CODE ADDRESS : 671 SAINT ANDREWS LANE
01 CITY : LOUISVILLE
STATE/ZIP : CO 80027
MORTGAGE AMOUNT : 367,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,213.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.01400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,464,793.00
P & I AMT: 10,170.96
UPB AMT: 1,463,364.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 169
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031390909 MORTGAGORS: SONG YONG
SONG ESTHER
REGION CODE ADDRESS : 4568 STATEN ISLAND COURT
01 CITY : PLANO
STATE/ZIP : TX 75024
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,660.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,594.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031390966 MORTGAGORS: CHEN KEVIN
CHEN CYNTHIA
REGION CODE ADDRESS : 341 OXFORD DR
01 CITY : ARCADIA
STATE/ZIP : CA 91007
MORTGAGE AMOUNT : 274,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,191.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,895.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031390982 MORTGAGORS: SCHIEVE JESSICA
ZECK ROBERT
REGION CODE ADDRESS : 36050 CAXTON PLACE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,575.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031391097 MORTGAGORS: SULLIVAN KIRK
SULLIVAN CATHY
REGION CODE ADDRESS : 9 BRAMBLEWOOD
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,582.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.77100
----------------------------------------------------------------
0 0031391212 MORTGAGORS: CHIOREANU VICTOR
CHIOREANU GLORIA
REGION CODE ADDRESS : 1316 PACIFIC STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,809.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 37.18700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,327,400.00
P & I AMT: 9,275.36
UPB AMT: 1,325,820.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 170
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031391253 MORTGAGORS: WOODBURY MARION
REGION CODE ADDRESS : 2537 AQUASANTA
01 CITY : TUSTIN
STATE/ZIP : CA 92780
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,581.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031391360 MORTGAGORS: SOROKIN SHARON
JAMES MICHAEL
REGION CODE ADDRESS : 52 BOOTH LANE
01 CITY : HAVERFORD
STATE/ZIP : PA 19041
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,797.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.06200
----------------------------------------------------------------
0 0031391592 MORTGAGORS: HOANG JOHN
KANG JUDY
REGION CODE ADDRESS : 9401 OAKINGTON DRIVE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 261,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.14300
----------------------------------------------------------------
0 0031391675 MORTGAGORS: ERICKSON BRADLEY
ERICKSON KAREN
REGION CODE ADDRESS : 775 FERNDALE ROAD NORTH
01 CITY : ORONO
STATE/ZIP : MN 55391
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,726.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031391964 MORTGAGORS: DIENGOTT BERNITA
REGION CODE ADDRESS : 6525 CRYSTALAIRE DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92120
MORTGAGE AMOUNT : 374,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,354.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,781.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 62.43300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,527,100.00
P & I AMT: 10,695.86
UPB AMT: 1,525,961.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 171
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031392467 MORTGAGORS: ARRAMBIDE JOHN
ARRAMBIDE MARLA
REGION CODE ADDRESS : 42 SEA BREEZE COURT
01 CITY : NAPA
STATE/ZIP : CA 94559
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,194.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,307.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.20000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.20000 PRODUCT CODE : 250
LTV : 79.06976
----------------------------------------------------------------
0 0031392483 MORTGAGORS: SHAFFAR GADDY
SHAFFAR CILLA
REGION CODE ADDRESS : 568 MIDDLEBURY DR
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,111.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,810.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 250
LTV : 76.19047
----------------------------------------------------------------
0 0031392566 MORTGAGORS: LANDER RICHARD
LANDER KAREN
REGION CODE ADDRESS : 11564 LERDO AVE
01 CITY : LOS ANGELES GRANADA HILLS
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 371,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,844.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,690.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.42100
----------------------------------------------------------------
0 0031392590 MORTGAGORS: MOTE BRUCE
MOTE DEBORAH
REGION CODE ADDRESS : 8805 OAK VALLEY DR
01 CITY : HOLLAND
STATE/ZIP : OH 43528
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,734.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.90 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.00000
----------------------------------------------------------------
0 0031392699 MORTGAGORS: ZUCKERMANDEL JAMES
ZUCKERMANDEL NANCY
REGION CODE ADDRESS : 416 AUTUMNWOOD COURT
01 CITY : EDMOND
STATE/ZIP : OK 73003
MORTGAGE AMOUNT : 348,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,785.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,403.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,775,150.00
P & I AMT: 12,288.98
UPB AMT: 1,772,670.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 172
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031392749 MORTGAGORS: DI PLACIDO DANIEL
DI PLACIDO MIYOKO
REGION CODE ADDRESS : 803 ECHO LANE
01 CITY : GLENVIEW
STATE/ZIP : IL 60025
MORTGAGE AMOUNT : 175,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 175,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,179.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.08600
----------------------------------------------------------------
0 0031392848 MORTGAGORS: ROBERTSON ROBERT
ROBERTSON MARY
REGION CODE ADDRESS : 3425 KEMPTOWN CHURCH ROAD
01 CITY : MONROVIA
STATE/ZIP : MD 21770
MORTGAGE AMOUNT : 211,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,822.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,386.12 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.92424
----------------------------------------------------------------
0 0031392921 MORTGAGORS: HARGROVE JOHN
HARGROVE KELLY
REGION CODE ADDRESS : 4400 FREDRICKSBURG DRIVE
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35213
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,798.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031392954 MORTGAGORS: FRAGIAO BRIAN
FRAGIAO SHELLEY
REGION CODE ADDRESS : 8304 CALLEYSTONE WAY
01 CITY : ANTELOPE
STATE/ZIP : CA 95843
MORTGAGE AMOUNT : 132,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 132,171.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 971.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.53500
----------------------------------------------------------------
0 0031393010 MORTGAGORS: WOLTERS JAN
WOLTERS GRAZYNA
REGION CODE ADDRESS : 5820 FOX VALLEY DRIVE
01 CITY : DOYLESTOWN
STATE/ZIP : PA 18901
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,705.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,299.25 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 48.95100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,140,350.00
P & I AMT: 7,737.39
UPB AMT: 1,139,498.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 173
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031393036 MORTGAGORS: VANDERSLICE TED
VANDERSLICE THERESA
REGION CODE ADDRESS : 20 POST RUN
01 CITY : NEWTON SQUARE
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 252,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,582.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,639.66 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.19700
----------------------------------------------------------------
0 0031393077 MORTGAGORS: DRENNEN GERALD
DRENNEN TARYN
REGION CODE ADDRESS : 4365 LITTLE RIVER ROAD
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35213
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,826.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
0 0031393218 MORTGAGORS: PENNIALL DAVID
PENNIALL JANE
REGION CODE ADDRESS : 857 VALLEYCREST STREET
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 852,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 852,067.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,962.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 015
LTV : 65.84500
----------------------------------------------------------------
0 0031393390 MORTGAGORS: LETTIERE NICHOLAS
LETTIERE PATRICIA
REGION CODE ADDRESS : 48 BOSS ROAD
01 CITY : EAST AMWELL
STATE/ZIP : NJ 08551
MORTGAGE AMOUNT : 194,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 194,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,460.73 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 05/01/18
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 77.60000
----------------------------------------------------------------
0 0031393432 MORTGAGORS: BURKE AMY
BURKE JOHN
REGION CODE ADDRESS : 12 DUNNER DRIVE
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,154.73 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.88800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,867,500.00
P & I AMT: 12,916.04
UPB AMT: 1,866,475.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 174
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031393515 MORTGAGORS: TRAM HANH
TRAM TAY-SHYONG
REGION CODE ADDRESS : 9925 CYLDE PLACE
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 257,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,827.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031393531 MORTGAGORS: KELLY THOMAS
KELLY AMY
REGION CODE ADDRESS : 4210 DORCHESTER DRIVE
01 CITY : WOODBURY
STATE/ZIP : MN 55129
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,808.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031393648 MORTGAGORS: HALL ERIC
HALL LAURIE
REGION CODE ADDRESS : 1821 KELSON PLACE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,739.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031393804 MORTGAGORS: CODY STEVEN
CODY ANGELA
REGION CODE ADDRESS : 17 MIDDLETOWN-LINCROFT RD.
01 CITY : MIDDLETOWN,
STATE/ZIP : NJ 07738
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,719.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,541.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031394299 MORTGAGORS: HERNANDEZ JOSE
HERNANDEZ MARIA
REGION CODE ADDRESS : 9274 LUBEC STREET
01 CITY : DOWNEY
STATE/ZIP : CA 90240
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,789.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.14200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,507,250.00
P & I AMT: 10,383.64
UPB AMT: 1,505,884.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 175
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031394364 MORTGAGORS: BILETCH ROBERT
BILETCH LIANE
REGION CODE ADDRESS : 65 FULLER AVE
01 CITY : SWAMPSCOTT
STATE/ZIP : MA 01907
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,795.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------
0 0031394398 MORTGAGORS: KENNEY JOHN
KENNEY DEBORAH
REGION CODE ADDRESS : 4 STEVEN CIR.
01 CITY : WESTFORD
STATE/ZIP : MA 01886
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,304.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,771.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031394778 MORTGAGORS: DENHAM MARK
DENHAM LESLIE
REGION CODE ADDRESS : 7 HERITAGE ROAD
01 CITY : SHREWSBURY
STATE/ZIP : MA 01545
MORTGAGE AMOUNT : 207,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 207,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,412.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031394810 MORTGAGORS: DURAND DAVID
DURAND PATRICIA
REGION CODE ADDRESS : 5235 KARR RD
01 CITY : CUMMING
STATE/ZIP : GA 30040
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,793.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.81100
----------------------------------------------------------------
0 0031394869 MORTGAGORS: BAKHOLDIN OLEG
BAKHOLDIN MARIYA
REGION CODE ADDRESS : 31 PASSAIC VALLEY RD
01 CITY : MONTVILLE
STATE/ZIP : NJ 07045
MORTGAGE AMOUNT : 267,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.69000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,271,100.00
P & I AMT: 8,808.34
UPB AMT: 1,270,494.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 176
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031394950 MORTGAGORS: PELLER STEPHAN
PELLER BETH
REGION CODE ADDRESS : 22 LEDGE ROAD
01 CITY : WAYNE
STATE/ZIP : NJ 07470
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,812.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,951.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031395049 MORTGAGORS: CARR THEODORE
CARR CHRISTINE
REGION CODE ADDRESS : 14 COLONIAL DRIVE
01 CITY : NORTON
STATE/ZIP : MA 02766
MORTGAGE AMOUNT : 99,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 686.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.98500
----------------------------------------------------------------
0 0031395296 MORTGAGORS: BOMBARD ALLAN
VANCE PAULA
REGION CODE ADDRESS : 28 CLUB WAY
01 CITY : HARTSDALE
STATE/ZIP : NY 10530
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 480,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,315.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031395429 MORTGAGORS: KNEPPER JAMES
KNEPPER PATRICIA
REGION CODE ADDRESS : 422 S. LINCOLN
01 CITY : HINSDALE
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,181.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,845.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.71000
----------------------------------------------------------------
0 0031395692 MORTGAGORS: LOWE STEPHEN
LOWE JULIE
REGION CODE ADDRESS : 4304 BASAL CREEK LANE
01 CITY : FUQUAY-VARINA
STATE/ZIP : NC 27526
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,506.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.81900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,640,700.00
P & I AMT: 11,945.89
UPB AMT: 1,638,950.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 177
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031395866 MORTGAGORS: BRADY RAY
BRADY SHAILAJA
REGION CODE ADDRESS : 3026 FRANKLIN CORNER LANE
01 CITY : HERNDON
STATE/ZIP : VA 22071
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,806.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031396286 MORTGAGORS: BOWEN GARY
BOWEN JUDITH
REGION CODE ADDRESS : 2210 TOKALON STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92110
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,477.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,362.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.52830
----------------------------------------------------------------
0 0031396369 MORTGAGORS: HOWELL JOHN
HOWELL ALELI
REGION CODE ADDRESS : 702 ARMOR SPRINGS
01 CITY : GREEN VALLEY
STATE/ZIP : AZ 85614
MORTGAGE AMOUNT : 266,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,352.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031396377 MORTGAGORS: OVINGTON TIMOTHY
OVINGTON LORI
REGION CODE ADDRESS : 47 HIGHTREE COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,723.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,514.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031396385 MORTGAGORS: CASSEL JOHN
CASSEL MARY
REGION CODE ADDRESS : 4636 OLD POND
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 266,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,381.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.98800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,507,450.00
P & I AMT: 10,434.98
UPB AMT: 1,505,740.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 178
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031396468 MORTGAGORS: SARGENT SCOTT
SARGENT JEANNE
REGION CODE ADDRESS : 415 ESSEX ROAD
01 CITY : KENILWORTH
STATE/ZIP : IL 60043
MORTGAGE AMOUNT : 1,000,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,000,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,077.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 015
LTV : 74.07400
----------------------------------------------------------------
0 0031396518 MORTGAGORS: SYLVESTER PETER
REGION CODE ADDRESS : 90 WEST SPRINGFIELD ST#1
01 CITY : BOSTON
STATE/ZIP : MA 02118
MORTGAGE AMOUNT : 196,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 196,521.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,409.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031396658 MORTGAGORS: HOPPIS RICHARD
HOPPIS ADRIENNE
REGION CODE ADDRESS : 78 PARKGROVE DRIVE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,794.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 48.60200
----------------------------------------------------------------
0 0031396898 MORTGAGORS: WHITE M
WHITE SABRA
REGION CODE ADDRESS : 1743 REDCLIFF STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90026
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,547.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.43600
----------------------------------------------------------------
0 0031396955 MORTGAGORS: KU CHOONG
KU JENNY
REGION CODE ADDRESS : 2243 WEST 236TH PLACE
01 CITY : TORRANCE
STATE/ZIP : CA 90501
MORTGAGE AMOUNT : 210,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 209,663.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,414.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,951,800.00
P & I AMT: 13,596.66
UPB AMT: 1,950,526.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 179
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031397169 MORTGAGORS: RYNECKI SCOTT
RYNECKI VALERIE
REGION CODE ADDRESS : 3 GLEN WOOD COURT
01 CITY : MANALAPAN
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,809.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.21100
----------------------------------------------------------------
0 0031397516 MORTGAGORS: PATIERNO LOUIS
PATIERNO CHRISTINA
REGION CODE ADDRESS : 827 SOUTH GILPIN STREET
01 CITY : DENVER
STATE/ZIP : CO 80209
MORTGAGE AMOUNT : 293,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,326.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031397557 MORTGAGORS: LEE PETER
REGION CODE ADDRESS : 938 CALLE SIMPATICO
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,512.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.13900
----------------------------------------------------------------
0 0031397615 MORTGAGORS: SOREM RICHARD
SOREM CHARMY ANN
REGION CODE ADDRESS : 1762 LISBON LANE
01 CITY : EL CAJON
STATE/ZIP : CA 92109
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,797.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,908.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.00000
----------------------------------------------------------------
0 0031397797 MORTGAGORS: WILCOX MICHAEL
WILCOX KATHRYN
REGION CODE ADDRESS : 310 1ST AVE NW
01 CITY : NEW PRAGUE
STATE/ZIP : MN 56071
MORTGAGE AMOUNT : 295,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,958.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,357.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,448,050.00
P & I AMT: 10,399.21
UPB AMT: 1,446,403.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 180
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031397854 MORTGAGORS: BRUSBERG TODD
BRUSBERG SUSAN
REGION CODE ADDRESS : 31 SCUDDERS RD
01 CITY : SPARTA
STATE/ZIP : NJ 07871
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,491.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 83.07600
----------------------------------------------------------------
0 0031398019 MORTGAGORS: FITZMAURICE DENNIS
FITZMAURICE SUSAN
REGION CODE ADDRESS : 213 SPRINGFIELD RD
01 CITY : LINDEN
STATE/ZIP : NJ 07036
MORTGAGE AMOUNT : 147,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 147,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,027.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 86.47000
----------------------------------------------------------------
0 0031398027 MORTGAGORS: SAINT CROSBIE
SAINT VIRGINIA
REGION CODE ADDRESS : 376 GREEN WINGED TEAL ROAD
01 CITY : KIAWAH ISLAND
STATE/ZIP : SC 29455
MORTGAGE AMOUNT : 242,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,324.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,716.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.32300
----------------------------------------------------------------
0 0031398076 MORTGAGORS: SMITH ROGER
REGION CODE ADDRESS : 7204 MONTICELLO PARKWAY
01 CITY : COLLEYVILLE
STATE/ZIP : TX 76034
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,004.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031398142 MORTGAGORS: JOHNSON ANDREW
JOHNSON SANDRA
REGION CODE ADDRESS : 4533 NORTH DOVER STREET
01 CITY : CHICAGO
STATE/ZIP : IL 60640
MORTGAGE AMOUNT : 164,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 164,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,104.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.27900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,032,700.00
P & I AMT: 7,181.35
UPB AMT: 1,032,329.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 181
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031398456 MORTGAGORS: WADE DONALD
WADE LYNETTE
REGION CODE ADDRESS : 5402 CHALLEN PLACE
01 CITY : DOWNERS GROVE
STATE/ZIP : IL 60515
MORTGAGE AMOUNT : 399,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,438.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,727.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031398720 MORTGAGORS: COX ROBERT
COX JESSICA
REGION CODE ADDRESS : 9400 E. MAPLEWOOD AVE #6-23
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80111
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031398837 MORTGAGORS: HUNTER PETER
HUNTER MARCIA
REGION CODE ADDRESS : 7 ROBIN COURT
01 CITY : MORRIS TWP
STATE/ZIP : NJ 07960
MORTGAGE AMOUNT : 320,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,559.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 55.77300
----------------------------------------------------------------
0 0031398860 MORTGAGORS: AIELLO REGINA
REGION CODE ADDRESS : 901 7TH AVENUE
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,625.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,305.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.26000
----------------------------------------------------------------
0 0031398902 MORTGAGORS: BANG KIM
BANG NICOLE
REGION CODE ADDRESS : 98 CHESTNUT STREET
01 CITY : ENGLEWOOD
STATE/ZIP : NJ 07631
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,500,450.00
P & I AMT: 10,760.87
UPB AMT: 1,499,535.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 182
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031399173 MORTGAGORS: CRUTCHLOW WILLIAM
CRUTCHLOW CHRISTINE
REGION CODE ADDRESS : 10 RALEIGH COURT
01 CITY : MORRIS TOWNSHIP
STATE/ZIP : NJ 07960
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031399561 MORTGAGORS: GLUSKIN NEIL
GLUSKIN MELANIE
REGION CODE ADDRESS : 1101 GREEN STREET #1601
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94109
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,801.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031399785 MORTGAGORS: POTEKIN RICHARD
NOWOGRODZKI DORA
REGION CODE ADDRESS : 809 WOODLEIGH AVENUE
01 CITY : HIGHLAND PARK
STATE/ZIP : IL 60035
MORTGAGE AMOUNT : 311,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,751.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.57400
----------------------------------------------------------------
0 0031399819 MORTGAGORS: WOJTOWICZ GUY
WOJTOWICZ JODELL
REGION CODE ADDRESS : 26515 ROUTT COUNTY ROAD 33A
01 CITY : STEAMBOAT SPRINGS
STATE/ZIP : CO 80477
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,743.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,327.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 48.84000
----------------------------------------------------------------
0 0031399934 MORTGAGORS: FRANZEN CRAIG
FRANZEN ROBIN
REGION CODE ADDRESS : 26 RUNNINGBROOK
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,463.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.67500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,596,000.00
P & I AMT: 10,962.10
UPB AMT: 1,593,759.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 183
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031400146 MORTGAGORS: MAXEY CHARLES
MAXEY SHIRLEY
REGION CODE ADDRESS : 849 CALLE COMPO
01 CITY : THOUSADND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,389.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.88700
----------------------------------------------------------------
0 0031400310 MORTGAGORS: WANG CHIEN
WANG WEN
REGION CODE ADDRESS : 20 MAGNA DRIVE
01 CITY : GILLETTE
STATE/ZIP : NJ 07933
MORTGAGE AMOUNT : 310,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,163.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,143.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.60000
----------------------------------------------------------------
0 0031400815 MORTGAGORS: FASTAG-CARVAJAL AIDA
REGION CODE ADDRESS : 363 CONANT STREET
01 CITY : TOWNSHIP OF HILLSIDE
STATE/ZIP : NJ 07205
MORTGAGE AMOUNT : 96,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 96,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 658.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.55600
----------------------------------------------------------------
0 0031400880 MORTGAGORS: BOYD STEPHEN
BOYD LISA
REGION CODE ADDRESS : 1 BARBARA ROAD
01 CITY : DUMONT
STATE/ZIP : NJ 07628
MORTGAGE AMOUNT : 164,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 164,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,104.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 84.10200
----------------------------------------------------------------
0 0031400930 MORTGAGORS: LEVINE ARTHUR
DUNCAN KAREN
REGION CODE ADDRESS : 34 MOUNTAIN LAUREL
01 CITY : DOVE CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,403.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,506.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,342,900.00
P & I AMT: 9,175.99
UPB AMT: 1,341,456.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 184
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031400963 MORTGAGORS: EUSKE KENNETH
EUSKE NANCY
REGION CODE ADDRESS : 1206 PICO AVE
01 CITY : PACIFIC GROVE
STATE/ZIP : CA 93950
MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 487,714.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,359.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 79.03225
----------------------------------------------------------------
0 0031401003 MORTGAGORS: PATRICK TRACY
PATRICK CATHY
REGION CODE ADDRESS : 5014 AVENIDA PLAYA CANCUN
01 CITY : SAN DIEGO
STATE/ZIP : CA 92124
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,462.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031401128 MORTGAGORS: PIMENTAL DENNIE
LIGHT PAMELA
REGION CODE ADDRESS : 2749 NORTH FLOWER STREET
01 CITY : SANTA ANA
STATE/ZIP : CA 92706
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,387.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 79.66101
----------------------------------------------------------------
0 0031401169 MORTGAGORS: D'ANDREA GEORGE
MILLER JOAN
REGION CODE ADDRESS : 101 MAIN ST
01 CITY : GLEN ROCK
STATE/ZIP : NJ 07452
MORTGAGE AMOUNT : 125,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 125,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 922.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 05/01/18
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 56.81800
----------------------------------------------------------------
0 0031401284 MORTGAGORS: GREGORY SCOTT
GREGORY MARCI
REGION CODE ADDRESS : 42 ELLEN DR
01 CITY : ROACKAWAY
STATE/ZIP : NJ 07866
MORTGAGE AMOUNT : 169,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 169,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,152.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 88.94700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,259,000.00
P & I AMT: 8,780.46
UPB AMT: 1,255,565.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 185
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031401417 MORTGAGORS: DIMARTINO PAUL
DIMARTINO PENELOPE
REGION CODE ADDRESS : 2872 OAK POINT LANE
01 CITY : RICHMOND
STATE/ZIP : VA 23233
MORTGAGE AMOUNT : 448,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,947.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,060.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031401466 MORTGAGORS: PALMERINI BENITO
PALMERINI JOAN
REGION CODE ADDRESS : 6 MOCCI CT
01 CITY : FORDS
STATE/ZIP : NJ 08863
MORTGAGE AMOUNT : 157,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 157,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,084.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 58.14814
----------------------------------------------------------------
0 0031401482 MORTGAGORS: RILEY JEFFREY
RILEY LORI
REGION CODE ADDRESS : 2 DAN-LY-WAY RD
01 CITY : CALIFON
STATE/ZIP : NJ 07830
MORTGAGE AMOUNT : 198,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 198,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,354.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 82.70800
----------------------------------------------------------------
0 0031401490 MORTGAGORS: STUECK JOHN
FEINBERG JILL
REGION CODE ADDRESS : 1235 SUNNYFIELD LANE
01 CITY : SCOTCH PLAINS
STATE/ZIP : NJ 07076
MORTGAGE AMOUNT : 209,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 209,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,482.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.96183
----------------------------------------------------------------
0 0031401565 MORTGAGORS: GIOVANETTI E
GIOVANETTI JANE
REGION CODE ADDRESS : 4436 CHICKASAW ROAD
01 CITY : MEMPHIS
STATE/ZIP : TN 38117
MORTGAGE AMOUNT : 645,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 645,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,565.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.53926
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,658,650.00
P & I AMT: 11,547.17
UPB AMT: 1,657,947.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 186
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031402621 MORTGAGORS: NEFF MARY
REGION CODE ADDRESS : 2303 NORTH RIDGE DRIVE
01 CITY : MCKINNEY
STATE/ZIP : TX 75070
MORTGAGE AMOUNT : 86,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 85,875.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 608.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031402688 MORTGAGORS: O'BRIEN JOHN
O'BRIEN BARBARA
REGION CODE ADDRESS : 366 FLOWER LANE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,582.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.81189
----------------------------------------------------------------
0 0031402696 MORTGAGORS: PRESTON WILLARD
PRESTON ANNUEL
REGION CODE ADDRESS : 536 GREEN LANE
01 CITY : RIVER VALE
STATE/ZIP : NJ 07675
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,788.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,595.56 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 67.21300
----------------------------------------------------------------
0 0031402712 MORTGAGORS: VILLARREAL JOHN
VILLARREAL CARLA
REGION CODE ADDRESS : 12193 BRECKNOCK STREET
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 492,443.00 OPTION TO CONVERT :
UNPAID BALANCE : 492,029.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,235.00 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031402795 MORTGAGORS: MROZEK STEPHEN
MROZEK FAYE
REGION CODE ADDRESS : 5055 TURNBURY DRIVE
01 CITY : MADISON
STATE/ZIP : OH 44057
MORTGAGE AMOUNT : 276,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,267.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.41 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.72900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,360,943.00
P & I AMT: 9,007.35
UPB AMT: 1,359,543.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 187
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031402811 MORTGAGORS: FILOU ROSEMARY
REGION CODE ADDRESS : 2630 N. QUANTICO STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 191,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 191,047.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,288.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031402845 MORTGAGORS: BIVIANO MARK
REGION CODE ADDRESS : 512 FOX GLENN
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,271.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031402852 MORTGAGORS: ROTHWEILER GREGORY
ROTHWEILER LISA
REGION CODE ADDRESS : 303 RIDGEWOOD AVENUE
01 CITY : MINNEAPOLIS
STATE/ZIP : MN 55403
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,765.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031402894 MORTGAGORS: QUINONES RALPH
QUINONES LIA
REGION CODE ADDRESS : 721 GILPIN STREET
01 CITY : DENVER
STATE/ZIP : CO 80218
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,553.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,148.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031402936 MORTGAGORS: SANDLER STEVEN
SANDLER LISA
REGION CODE ADDRESS : 25 TIMBER LANE
01 CITY : RANDOLPH
STATE/ZIP : NJ 07869
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,922.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.71400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,506,700.00
P & I AMT: 10,401.88
UPB AMT: 1,505,637.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 188
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031403173 MORTGAGORS: GARILIS FRANK
REGION CODE ADDRESS : 2665 KILLIAN PLACE
01 CITY : UNION TOWNSHIP
STATE/ZIP : NJ 07083
MORTGAGE AMOUNT : 104,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 103,866.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 781.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031403199 MORTGAGORS: VOGIN EUGENE
VOGIN FRANCINE
REGION CODE ADDRESS : 106 S PITTSBURGH AVENUE
01 CITY : VENTNOR
STATE/ZIP : NJ 08406
MORTGAGE AMOUNT : 482,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 481,633.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,329.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 53.55500
----------------------------------------------------------------
0 0031403322 MORTGAGORS: LASSEK MICHAEL
LASSEK JULIE
REGION CODE ADDRESS : 104350 S COLBY CANYON DR
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 254,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,961.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.83300
----------------------------------------------------------------
0 0031403504 MORTGAGORS: EVANS NEAL
EVANS KATHRYN
REGION CODE ADDRESS : 448 EMERALD AVENUE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,768.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.94800
----------------------------------------------------------------
0 0031403744 MORTGAGORS: LOPERA PASTOR
LOPERA SANDRA
REGION CODE ADDRESS : 332 LOOMIS ST
01 CITY : ELIZABETH
STATE/ZIP : NJ 07206
MORTGAGE AMOUNT : 132,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 132,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 934.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,276,150.00
P & I AMT: 8,921.38
UPB AMT: 1,275,230.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 189
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031404098 MORTGAGORS: O'HARA BRENDA
O'HARA BRIAN
REGION CODE ADDRESS : 14388 SALEM DRIVE WEST
01 CITY : CARMEL
STATE/ZIP : IN 46033
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,814.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031404148 MORTGAGORS: DIVER JEFFREY
DIVER MELONEE
REGION CODE ADDRESS : 6461 W GARY DRIVE
01 CITY : CHANDLER
STATE/ZIP : AZ 85226
MORTGAGE AMOUNT : 246,921.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,742.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,747.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031404288 MORTGAGORS: JACOBSEN ERIC
JACOBSEN CHRISTINA
REGION CODE ADDRESS : 17322 SUNBURST STREET
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 289,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,385.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,024.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031404296 MORTGAGORS: DIDONATO PAUL
DIDONATO JO ANN
REGION CODE ADDRESS : 808 MIRANDA CREEK COURT
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 511,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 510,601.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,485.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.97200
----------------------------------------------------------------
0 0031404445 MORTGAGORS: PAULEN JEFFREY
REGION CODE ADDRESS : 740 FAIR OAKS MANOR
01 CITY : ATLANTA
STATE/ZIP : GA 30327
MORTGAGE AMOUNT : 590,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 589,562.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,125.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.13000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,893,521.00
P & I AMT: 13,195.88
UPB AMT: 1,892,105.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 190
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031404536 MORTGAGORS: HIGHAM JOSEPH
HIGHAM LINDA
REGION CODE ADDRESS : 25 HAMPSHIRE CT
01 CITY : PATTERSON
STATE/ZIP : NY 12563
MORTGAGE AMOUNT : 275,025.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,635.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031404767 MORTGAGORS: KUTIKOV BORIS
REGION CODE ADDRESS : 51-53 WINTHROP ROAD
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 54.94500
----------------------------------------------------------------
0 0031404825 MORTGAGORS: SMITH JOSEPH
SMITH DONNA
REGION CODE ADDRESS : 302 LAUREL OAK LANE
01 CITY : LANCASTER
STATE/ZIP : PA 17602
MORTGAGE AMOUNT : 108,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 108,323.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 776.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 69.98000
----------------------------------------------------------------
0 0031404957 MORTGAGORS: CROVELLA MARK
CROVELLA LINDA
REGION CODE ADDRESS : 14 COLLIER ROAD
01 CITY : SCITUATE
STATE/ZIP : MA 02066
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,688.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,084.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/23
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.50000
----------------------------------------------------------------
0 0031405103 MORTGAGORS: DOWD LINDA
RIDGE DAVID
REGION CODE ADDRESS : 21 TIMBERLAND
01 CITY : ALISO VIEJO AREA
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,790.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,180,425.00
P & I AMT: 8,537.83
UPB AMT: 1,179,438.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 191
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031405582 MORTGAGORS: ABEYTA NORBERT
ABEYTA FRANCES
REGION CODE ADDRESS : 67 CAMINO DE ABAO DE LA LOMA W
01 CITY : RANCHOS DE TAOS
STATE/ZIP : NM 87557
MORTGAGE AMOUNT : 156,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 155,782.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,148.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 52.16600
----------------------------------------------------------------
0 0031405905 MORTGAGORS: THOMPSON KEVIN
THOMPSON KIM
REGION CODE ADDRESS : 267 CLIFFWOOD DRIVE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,072.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,070.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 92.85700
----------------------------------------------------------------
0 0031406374 MORTGAGORS: FREDIANI DALE
FREDIANI THERESA
REGION CODE ADDRESS : 208 MELODY LANE
01 CITY : DOVER (TOWNSHIP OF)
STATE/ZIP : NJ 08753
MORTGAGE AMOUNT : 120,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 120,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 867.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/23
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031407166 MORTGAGORS: FRAMBACH BRUCE
NIETO ANNA
REGION CODE ADDRESS : 6580 LAFERN COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,398.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,526.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.52900
----------------------------------------------------------------
0 0031407505 MORTGAGORS: TALERICO ANTHONY
REGION CODE ADDRESS : 3595 FAIRFAX COURT EAST
01 CITY : AURORA
STATE/ZIP : IL 60504
MORTGAGE AMOUNT : 132,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 132,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 889.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,076,000.00
P & I AMT: 7,501.77
UPB AMT: 1,074,253.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 192
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031407737 MORTGAGORS: MORAN JAMES
MORAN SUZANNE
REGION CODE ADDRESS : 21 VERNON ROAD
01 CITY : BELMONT
STATE/ZIP : MA 02178
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,053.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031407844 MORTGAGORS: CITELLI JACKIE
REGION CODE ADDRESS : 310 TWIN CREEK DRIVE
01 CITY : ALLEN
STATE/ZIP : TX 75013
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,823.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031407869 MORTGAGORS: COYNE STEVEN
COYNE KIMBERLY
REGION CODE ADDRESS : 2422 MARGARET DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,785.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,947.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031408123 MORTGAGORS: LUPPI JOSEPH
LUPPI MELISSA
REGION CODE ADDRESS : 87 HARBOR WATCH COURT
01 CITY : SAG HARBOR
STATE/ZIP : NY 11963
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,504.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 55.18600
----------------------------------------------------------------
0 0031408206 MORTGAGORS: TRUBITSKY DENIS
REGION CODE ADDRESS : 171 PEMBROKE STREET
01 CITY : BROOKLYN
STATE/ZIP : NY 11235
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,771.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,420,500.00
P & I AMT: 10,247.69
UPB AMT: 1,418,938.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 193
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031408263 MORTGAGORS: TUFFIAS ROBERT
TUFFIAS JUDITH
REGION CODE ADDRESS : 10132 HOLLOW GLEN CIR
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 381,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,702.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,599.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.45900
----------------------------------------------------------------
0 0031408362 MORTGAGORS: ALLISTON ROBERT
AUSTIN MELANI
REGION CODE ADDRESS : 25915 BELLIS DRIVE
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91355
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,791.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.90400
----------------------------------------------------------------
0 0031409154 MORTGAGORS: TRANK BURGESS
TRANK BRENDA
REGION CODE ADDRESS : 6933 SYLVAN WOODS DRIVE
01 CITY : SANFORD
STATE/ZIP : FL 32771
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,794.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 55.10204
----------------------------------------------------------------
0 0031409188 MORTGAGORS: BRACHFELD BARRIE
SHAW-BRACHFELD JENNIFER
REGION CODE ADDRESS : 1 OAK HILL RD
01 CITY : CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,747.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,286.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031409485 MORTGAGORS: VICK JAMES
VICK SUSAN
REGION CODE ADDRESS : 75 RODGERS ROAD
01 CITY : CARLISLE
STATE/ZIP : MA 01741
MORTGAGE AMOUNT : 373,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,723.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,608.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 49.73300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,631,200.00
P & I AMT: 11,397.23
UPB AMT: 1,629,760.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 194
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031409857 MORTGAGORS: NG LILY
NG BETTY
REGION CODE ADDRESS : 4350 WESTOVER PLACE
01 CITY : WASHINGTON
STATE/ZIP : DC 20016
MORTGAGE AMOUNT : 299,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,966.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031409873 MORTGAGORS: HACKEL MICHARL
REGION CODE ADDRESS : 60 EAST GLEN ROAD #P-4
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 242,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,915.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031409972 MORTGAGORS: VARGAS ANTONIO
VARGAS MARY
REGION CODE ADDRESS : 2841 FAIRMOUNT AVENUE
01 CITY : LA CRESCENTA
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 199,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,532.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,311.89 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 64.00641
----------------------------------------------------------------
0 0031410210 MORTGAGORS: LEE KWANG
LEE JUNG
REGION CODE ADDRESS : 1658 NORTH YUROK STREET
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,781.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,220.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.85500
----------------------------------------------------------------
0 0031410806 MORTGAGORS: OLIN MILES
OLIN ALTA
REGION CODE ADDRESS : 34124 CASTLEHAVEN ROAD
01 CITY : AGUA DULCE
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.34000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,351,000.00
P & I AMT: 9,369.34
UPB AMT: 1,349,978.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 195
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031410897 MORTGAGORS: MOLKENTIN MICHAEL
O'YOUNG KIMBERLY
REGION CODE ADDRESS : 3958 BLACKSTONE COURT
01 CITY : HAYWARD
STATE/ZIP : CA 94542
MORTGAGE AMOUNT : 345,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,316.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,299.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99277
----------------------------------------------------------------
0 0031411135 MORTGAGORS: NASELLA LAWRENCE
NASELLA JOYCE
REGION CODE ADDRESS : 8470 CLIFFRIDGE LANE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 469,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,284.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,239.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.00000
----------------------------------------------------------------
0 0031411374 MORTGAGORS: MALONE CHARLES
SPOONER BEVERLY
REGION CODE ADDRESS : 92 WINDWARD WAY
01 CITY : RICHMOND
STATE/ZIP : CA 94804
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,394.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.65100
----------------------------------------------------------------
0 0031411465 MORTGAGORS: WHEELER DAVID
WHEELER LINDA
REGION CODE ADDRESS : 6881 TURF DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,501.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,342.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.75700
----------------------------------------------------------------
0 0031411499 MORTGAGORS: LUSBY DONALD
LUSBY WENDY
REGION CODE ADDRESS : 2319 EARL STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90039
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,627.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.72800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,656,600.00
P & I AMT: 11,382.16
UPB AMT: 1,654,124.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 196
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031411515 MORTGAGORS: MEAGHER DENNIS
MEAGHER HELEN
REGION CODE ADDRESS : 27250 PIERCE RANCH ROAD
01 CITY : DAVIS
STATE/ZIP : CA 95616
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,615.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.63600
----------------------------------------------------------------
0 0031411549 MORTGAGORS: HOFF THOMAS
HOFF BONNIE
REGION CODE ADDRESS : 6 MENTON
01 CITY : NEWPORT COAST(AREA)
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 356,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,995.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,554.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.69700
----------------------------------------------------------------
0 0031411564 MORTGAGORS: SNODGRESS JAY
SNODGRESS JOANNA
REGION CODE ADDRESS : 5309 LINDA DRIVE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,573.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,240.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.23000
----------------------------------------------------------------
0 0031411572 MORTGAGORS: STEPHENSON TIM
STEPHENSON POLLY
REGION CODE ADDRESS : 170 FIRESTONE DRRIVE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,482.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031411630 MORTGAGORS: SIEMSEN BRENT
SIEMSEN GIGI
REGION CODE ADDRESS : 5670 VAN GOGH WAY
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,542.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.04300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,543,500.00
P & I AMT: 10,853.43
UPB AMT: 1,541,208.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 197
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031411713 MORTGAGORS: ALLEY NANCY
ALLEY PHIL
REGION CODE ADDRESS : 7336 BERRY HILL DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,432.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,569.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.31500
----------------------------------------------------------------
0 0031412018 MORTGAGORS: WILHELM RICHARD
WILHELM SUSAN
REGION CODE ADDRESS : 1536 BARCELONA DRIVE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 331,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,239.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,286.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.22700
----------------------------------------------------------------
0 0031412059 MORTGAGORS: DE DIEGO DONALD
DE DIEGO JULIA
REGION CODE ADDRESS : 3119 PORTER GULCH ROAD
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,358.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.69600
----------------------------------------------------------------
0 0031412638 MORTGAGORS: WALSH-SMITH WENDY
SMITH JEREMY
REGION CODE ADDRESS : 223 NORTH STREET
01 CITY : SALEM
STATE/ZIP : MA 01970
MORTGAGE AMOUNT : 147,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 147,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 979.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031412745 MORTGAGORS: DIM MARTIN
DIM JOAN
REGION CODE ADDRESS : 1463 NORTHWOODS TRAIL,
01 CITY : DEERFIELD
STATE/ZIP : IL 60015
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,674.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,185.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.23000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,720,250.00
P & I AMT: 11,921.02
UPB AMT: 1,717,955.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 198
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031413008 MORTGAGORS: RASTI MEHRZAD
WEBBER CYNTHIA
REGION CODE ADDRESS : 1038 ARMARILLO AVE.
01 CITY : PALO ALTO
STATE/ZIP : CA 94303
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,293.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031413057 MORTGAGORS: DELLA BOVIE ANTHONY
DELLA BOVIE KAREN
REGION CODE ADDRESS : 91 OXFORD PLACE
01 CITY : BELLE MEAD
STATE/ZIP : NJ 08502
MORTGAGE AMOUNT : 245,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,626.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
0 0031413081 MORTGAGORS: LIU DAVID
LIU MARGARET
REGION CODE ADDRESS : 57 LAMBERT RIDGE
01 CITY : CROSS RIVER
STATE/ZIP : NY 10518
MORTGAGE AMOUNT : 439,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,897.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,184.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031413339 MORTGAGORS: FARBER RICHARD
REGION CODE ADDRESS : 8535 WEST KNOLL DRIVE NO. 106
01 CITY : WEST HOLLYWOOD
STATE/ZIP : CA 90069
MORTGAGE AMOUNT : 66,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 65,952.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 467.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031413354 MORTGAGORS: DUGGER JOE
REGION CODE ADDRESS : 405 FAIRLANDS CIRCLE
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 138,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 137,886.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 918.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,189,000.00
P & I AMT: 8,377.26
UPB AMT: 1,187,657.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 199
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031413537 MORTGAGORS: PARTON WALTER
REGION CODE ADDRESS : 4455 VIEW PLACE
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 252,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,607.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031413610 MORTGAGORS: SHEA JOSEPH
SHEA LINDA
REGION CODE ADDRESS : 1101 PROSPECT STREET
01 CITY : WESTFIELD
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,769.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.93600
----------------------------------------------------------------
0 0031413842 MORTGAGORS: GATLIN JOHN
REGION CODE ADDRESS : 802 MOUNTAIN SKY DRIVE
01 CITY : BIG BEAR LAKE
STATE/ZIP : CA 92315
MORTGAGE AMOUNT : 179,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 178,740.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,266.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.55500
----------------------------------------------------------------
0 0031413883 MORTGAGORS: KISTLER BRYAN
KISTLER NANCY
REGION CODE ADDRESS : 2303 WILLOWBROOK STREET
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,590.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031414097 MORTGAGORS: FALCO LAURIE
REGION CODE ADDRESS : 1156 JANERO DRIVE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95407
MORTGAGE AMOUNT : 89,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 88,873.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 637.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 57.79200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,084,800.00
P & I AMT: 7,520.85
UPB AMT: 1,083,581.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 200
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031414105 MORTGAGORS: EMMETT ROBERT
EMMETT ANDREA
REGION CODE ADDRESS : 8 CALICO
01 CITY : IRVINE
STATE/ZIP : CA 92614
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,823.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031414303 MORTGAGORS: MARLATTE TRAVIS
REGION CODE ADDRESS : 1122 MAPLE AVENUE
01 CITY : EVANSTON
STATE/ZIP : IL 60202
MORTGAGE AMOUNT : 198,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 198,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,333.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031414576 MORTGAGORS: DARAKJIAN MARAL
REGION CODE ADDRESS : 1760 HILLFAIR DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,788.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.92200
----------------------------------------------------------------
0 0031414642 MORTGAGORS: DEANGELIS ROBERT
DEANGELIS MARY
REGION CODE ADDRESS : MCKINLEY LANE
01 CITY : RUTLAND TOWN
STATE/ZIP : VT 05701
MORTGAGE AMOUNT : 340,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,147.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,380.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031414758 MORTGAGORS: MAHADY JOSEPH
MAHADY BARBARA
REGION CODE ADDRESS : 458 HUSTON ROAD
01 CITY : RADNOR
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,625.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.65100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,582,400.00
P & I AMT: 11,215.70
UPB AMT: 1,581,759.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 201
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031415011 MORTGAGORS: BRYAN GEORGE
BRYAN PATRICIA
REGION CODE ADDRESS : 9180 SMOKETHORN TRAIL
01 CITY : BELVIDERE
STATE/ZIP : IL 61008
MORTGAGE AMOUNT : 503,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 502,626.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,517.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.37400
----------------------------------------------------------------
0 0031415490 MORTGAGORS: SMITH SCOTT
SMITH RANDI
REGION CODE ADDRESS : 32 COACHLIGHT DRIVE
01 CITY : POUGHKEEPSIE
STATE/ZIP : NY 12603
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031415888 MORTGAGORS: TABORA RAFAEL
TABORA CORAZON
REGION CODE ADDRESS : 1138-1140 NORIEGA ST
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94122
MORTGAGE AMOUNT : 322,580.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,134.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,338.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.67800
----------------------------------------------------------------
0 0031415920 MORTGAGORS: GARBATO WILLIAM
THOMAS LAURIE
REGION CODE ADDRESS : 4727 ABARGO STREET
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,833.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031416084 MORTGAGORS: OVERSTREET JOHN
OVERSTREET BARBARA
REGION CODE ADDRESS : 3870 NORTH RIXEY STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,775.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,111.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.40000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,667,580.00
P & I AMT: 11,706.46
UPB AMT: 1,666,370.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 202
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031416100 MORTGAGORS: HOCH BRADLEY
HOCH DEBORAH
REGION CODE ADDRESS : 817 SAINT STEPHENS ROAD
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22304
MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031416126 MORTGAGORS: MALOY MARY
REGION CODE ADDRESS : 7102 OAK SHORES DR
01 CITY : AUSTIN
STATE/ZIP : TX 78730
MORTGAGE AMOUNT : 323,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,459.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,263.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.74000
----------------------------------------------------------------
0 0031416555 MORTGAGORS: RAHMAN RIZWAN
REGION CODE ADDRESS : 11109 DEVEREUX STATION LN
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 414,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,051.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,722.32 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 63.75300
----------------------------------------------------------------
0 0031416605 MORTGAGORS: FOWLER ROBERT
TEA SAROCHANY
REGION CODE ADDRESS : 586 GIANT WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,713.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.76500
----------------------------------------------------------------
0 0031416878 MORTGAGORS: UNGER PAUL
SONNERUP KERSTIN
REGION CODE ADDRESS : 1165 BEAN ROAD
01 CITY : CHARLOTTE
STATE/ZIP : VT 05445
MORTGAGE AMOUNT : 515,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 515,483.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,640.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.57800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,923,200.00
P & I AMT: 13,132.56
UPB AMT: 1,921,908.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 203
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031416902 MORTGAGORS: BINDRA NARINDER
REGION CODE ADDRESS : 10 BIRCH HILL COURT
01 CITY : OLD WESTBURY
STATE/ZIP : NY 11568
MORTGAGE AMOUNT : 498,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 497,630.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,482.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.88700
----------------------------------------------------------------
0 0031416910 MORTGAGORS: MEEKS KIMBERLY
MCNAIR WILLIAM
REGION CODE ADDRESS : 597 MAPLE AVENUE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 233,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,730.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 86.66100
----------------------------------------------------------------
0 0031417025 MORTGAGORS: DUEMMEL MONICA
DUEMMEL MICHAEL
REGION CODE ADDRESS : 2800 PINE TREE LANE
01 CITY : COLUMBIA
STATE/ZIP : MO 65203
MORTGAGE AMOUNT : 318,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,507.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031417413 MORTGAGORS: GUASTELLA BENNY
GUASTELLA LAURIE
REGION CODE ADDRESS : 33 BROOKSIDE RD
01 CITY : LEORNARDO
STATE/ZIP : NJ 07737
MORTGAGE AMOUNT : 130,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 130,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 965.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 250
LTV : 83.87000
----------------------------------------------------------------
0 0031417801 MORTGAGORS: MENKE MARTIN
MENKE ANGELA
REGION CODE ADDRESS : 3 COBBLE HILL ROAD
01 CITY : NASHUA
STATE/ZIP : NH 03062
MORTGAGE AMOUNT : 125,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 125,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 856.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,306,250.00
P & I AMT: 9,161.22
UPB AMT: 1,305,468.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 204
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031417819 MORTGAGORS: ZIMMERMANN RON
ZIMMERMANN MARY
REGION CODE ADDRESS : 10120 LONGVIEW DRIVE
01 CITY : LITTLETON
STATE/ZIP : CO 80124
MORTGAGE AMOUNT : 329,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,921.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,331.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031418072 MORTGAGORS: BARKALA JOHN
BARKALA GEORGETTE
REGION CODE ADDRESS : 1404 PIPPIN DRIVE
01 CITY : MANASQUAN
STATE/ZIP : NJ 08736
MORTGAGE AMOUNT : 115,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 115,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 804.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 35.38400
----------------------------------------------------------------
0 0031418668 MORTGAGORS: BARTH LOUIS
BARTH LESLIE
REGION CODE ADDRESS : 5015 ARUNDEL DRIVE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 763,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 763,197.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,405.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 015
LTV : 65.00000
----------------------------------------------------------------
0 0031418783 MORTGAGORS: MARMOTTIN GENE
MARMOTTIN DARLENE
REGION CODE ADDRESS : 5506 PEACE COURT
01 CITY : HOUSTON
STATE/ZIP : TX 77041
MORTGAGE AMOUNT : 311,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,656.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031419179 MORTGAGORS: CARRILLO JAIME
ARMENDARIZ TERRI
REGION CODE ADDRESS : 11920 WOODBINE STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,009.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,783,250.00
P & I AMT: 12,531.97
UPB AMT: 1,781,785.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 205
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031419237 MORTGAGORS: SLIPMAN CURTIS
REGION CODE ADDRESS : 529 PINE STREET
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19106
MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,230.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,740.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031419344 MORTGAGORS: COOPER JACKQUELYNN
COOPER AMY
REGION CODE ADDRESS : 6835 BAUDETTE LANE
01 CITY : MEMPHIS
STATE/ZIP : TN 38135
MORTGAGE AMOUNT : 235,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,425.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031419468 MORTGAGORS: ARVIDSON WILLIAM
ARVIDSON RHIAN
REGION CODE ADDRESS : 22071 IRONBARK LANE
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 236,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,320.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.97900
----------------------------------------------------------------
0 0031419518 MORTGAGORS: GIFFORD JANIE
REGION CODE ADDRESS : 803 WATERBURY COURT
01 CITY : MCKINNEY
STATE/ZIP : TX 75070
MORTGAGE AMOUNT : 255,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,005.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031420094 MORTGAGORS: FYHRIE PETER
FYHRIE PATRICIA
REGION CODE ADDRESS : 4694 NW RAINIER TERRACE
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,747.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,433,800.00
P & I AMT: 9,993.95
UPB AMT: 1,432,728.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 206
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031420599 MORTGAGORS: DETTMANN FREDERICK
DETTMANN BRENDA
REGION CODE ADDRESS : 9886 E CORTEZ DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,764.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,307.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031421100 MORTGAGORS: PONZIO PHILIP
PONZIO LESLEY
REGION CODE ADDRESS : 227 TURF VIEW DRIVE
01 CITY : SOLANA BEACH
STATE/ZIP : CA 92075
MORTGAGE AMOUNT : 236,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,065.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031421134 MORTGAGORS: MCNAMARA PAUL
MCNAMARA ALEXANDRA
REGION CODE ADDRESS : 3191 ABERDEEN WAY
01 CITY : ESCONDIDO
STATE/ZIP : CA 92025
MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,264.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,056.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031421167 MORTGAGORS: SEGMULLER HERMANN
SEGMULLER KATHLEEN
REGION CODE ADDRESS : 43380 BURKE DALE ST
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 273,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,706.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,962.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98600
----------------------------------------------------------------
0 0031421225 MORTGAGORS: HARRIS EDWARD
HARRIS LORETTA
REGION CODE ADDRESS : 200 DOUGLANE AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95117
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,814.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.12100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,375,800.00
P & I AMT: 9,643.60
UPB AMT: 1,374,615.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 207
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031421902 MORTGAGORS: SILL IGOR
SILL CYNTHIA
REGION CODE ADDRESS : 2 BARTEL COURT
01 CITY : TIBURON
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 735,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 734,412.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,951.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 015
LTV : 61.25000
----------------------------------------------------------------
0 0031421936 MORTGAGORS: BOLGARD SPENCER
BOLGARD NANCY
REGION CODE ADDRESS : 1744 TOWNE DRIVE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19380
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,762.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031422009 MORTGAGORS: THOMAS BRADLEY
ISRAEL LONNY
REGION CODE ADDRESS : 4774 19TH STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,738.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,461.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031422413 MORTGAGORS: SCHLEICHER WILLIAM
REGION CODE ADDRESS : 1 JOHN GLENN ROAD
01 CITY : TOWN OF MORRISTOWN
STATE/ZIP : NJ 07960
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,564.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,634.47 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 74.11764
----------------------------------------------------------------
0 0031422652 MORTGAGORS: SCARAMELLI ALFRED
SCARAMELLI MARCIA
REGION CODE ADDRESS : 7 ALDER WAY UNIT 159
01 CITY : BEDFORD
STATE/ZIP : MA 01730
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,811.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.89200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,927,000.00
P & I AMT: 13,209.37
UPB AMT: 1,925,290.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 208
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031422686 MORTGAGORS: OTT RONALD
OTT CARLENE
REGION CODE ADDRESS : 1855 OAK TERRACE ROAD
01 CITY : NEWCASTLE
STATE/ZIP : CA 95658
MORTGAGE AMOUNT : 277,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,172.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031422728 MORTGAGORS: KRAJENKA STEVEN
KRAJENKA KATHERINE
REGION CODE ADDRESS : 203 BRITAIN COURT
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 592,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 591,514.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,938.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031422769 MORTGAGORS: BAUMANN EUGENE
BAUMANN VICKI
REGION CODE ADDRESS : 567 NORTH DYER CIRCLE
01 CITY : INCLINE VILLAGE
STATE/ZIP : NV 89450
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,802.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031422975 MORTGAGORS: ROOT BRADLEY
ROOT MICHELLE
REGION CODE ADDRESS : 763 COUNTRY PLACE
01 CITY : SANTA CLARA
STATE/ZIP : UT 84765
MORTGAGE AMOUNT : 256,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,209.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031422983 MORTGAGORS: OLIVER LINDA
REGION CODE ADDRESS : 2552 EL CEDRO COURT
01 CITY : RANCHO CORDOVA
STATE/ZIP : CA 95670
MORTGAGE AMOUNT : 80,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 79,877.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 552.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.88800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,485,800.00
P & I AMT: 10,135.43
UPB AMT: 1,484,577.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 209
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031423007 MORTGAGORS: PETTIT ROBERT
PETTIT MELINDA
REGION CODE ADDRESS : 18812 FLAGSTAFF LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,808.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.49526
----------------------------------------------------------------
0 0031423171 MORTGAGORS: SIDHU BALWINDER
SIDHU JAGDISH
REGION CODE ADDRESS : 102 ABERSON CT
01 CITY : MORRISVILLE
STATE/ZIP : NC 27560
MORTGAGE AMOUNT : 317,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,246.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031423452 MORTGAGORS: BEAVEN WILLIAM
REGION CODE ADDRESS : 9703 U.S. HIGHWAY 42
01 CITY : PROSPECT
STATE/ZIP : KY 40059
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,505.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,489.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.03300
----------------------------------------------------------------
0 0031423890 MORTGAGORS: SCHMIDT ANTHONY
SCHMIDT JOAN
REGION CODE ADDRESS : 26843 DIAMONDHEAD LANE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,741.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,433.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031424039 MORTGAGORS: WARDLE CLARK
WARDLE KATHLEEN
REGION CODE ADDRESS : 65 LEGACY WAY
01 CITY : IRVINE
STATE/ZIP : CA 92602
MORTGAGE AMOUNT : 281,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,640.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.78400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,849,350.00
P & I AMT: 12,772.96
UPB AMT: 1,847,942.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 210
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031425424 MORTGAGORS: RICHARDSON HEIDI
REGION CODE ADDRESS : 26 RIDGEVIEW AVENUE
01 CITY : NEW PROVIDENCE BORO OF
STATE/ZIP : NJ 07974
MORTGAGE AMOUNT : 204,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 204,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,408.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031425507 MORTGAGORS: YANG YOUNG
REGION CODE ADDRESS : 22920 ESTORIL DRIVE #6
01 CITY : DIAMOND BAR
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 157,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 157,483.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,101.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031425531 MORTGAGORS: KEELER ROBERT
KEELER ELIZABETH
REGION CODE ADDRESS : 5124 ROYAL CREST DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75229
MORTGAGE AMOUNT : 361,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,492.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,498.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.33333
----------------------------------------------------------------
0 0031425713 MORTGAGORS: PERL JOSEPH
RATTRAY TRACEY
REGION CODE ADDRESS : 5232 GOLDEN GATE AVENUE
01 CITY : OAKLAND
STATE/ZIP : CA 94618
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,728.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,290.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.50600
----------------------------------------------------------------
0 0031425762 MORTGAGORS: FERRARI ROGER
FERRARI CHRISTINA
REGION CODE ADDRESS : 811 KAINS AVE
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 289,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,550.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,100.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,353,150.00
P & I AMT: 9,401.34
UPB AMT: 1,314,254.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 211
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031425812 MORTGAGORS: CARY NANCY
REGION CODE ADDRESS : 2970 RIDGERUN ROAD
01 CITY : QUINCY
STATE/ZIP : CA 95971
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,327.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031426216 MORTGAGORS: BEASLEY MARIA
BEASLEY ERIC
REGION CODE ADDRESS : 6957 DELROSE DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75214
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,795.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031426448 MORTGAGORS: LUCIDO KEVIN
LUCIDO LINDA
REGION CODE ADDRESS : 920 HARVARD ROAD
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 483,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 483,141.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,380.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.96100
----------------------------------------------------------------
0 0031426638 MORTGAGORS: THIGPEN SCOTT
THIGPEN LAURA
REGION CODE ADDRESS : 8159 WOODLAND COURT
01 CITY : DUNN LORING
STATE/ZIP : VA 22027
MORTGAGE AMOUNT : 246,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,641.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031427248 MORTGAGORS: BARBER TIMOTHY
BARBER LYNN
REGION CODE ADDRESS : 12324 AVENIDA CONSENTIDO
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,735.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,403.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,610,800.00
P & I AMT: 11,238.18
UPB AMT: 1,609,799.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 212
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031427438 MORTGAGORS: SIN IN
REGION CODE ADDRESS : 1975 CHARRWOOD COURT
01 CITY : MARIETTA
STATE/ZIP : GA 30062
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,541.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.81342
----------------------------------------------------------------
0 0031427461 MORTGAGORS: RUBINO MARK
RUBINO MARY
REGION CODE ADDRESS : 9 NORWOOD COURT
01 CITY : MORRIS TWP
STATE/ZIP : NJ 07960
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.18100
----------------------------------------------------------------
0 0031427974 MORTGAGORS: BALDINI KEVIN
REGION CODE ADDRESS : 30 EVERETT STREET
01 CITY : CHICOPEE
STATE/ZIP : MA 01020
MORTGAGE AMOUNT : 85,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 85,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 678.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 86.73400
----------------------------------------------------------------
0 0031428006 MORTGAGORS: CINAR KAPRIEL
CINAR ANURUPA
REGION CODE ADDRESS : 91 AMHERST AVENUE
01 CITY : WALTHAM
STATE/ZIP : MA 02154
MORTGAGE AMOUNT : 143,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 143,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 939.41 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 67.07300
----------------------------------------------------------------
0 0031428105 MORTGAGORS: WARREN JOSEPH
WARREN PATRICIA
REGION CODE ADDRESS : 114 HECKER AVENUE
01 CITY : DARIEN
STATE/ZIP : CT 06820
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,761.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,168.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 86.02700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,150,000.00
P & I AMT: 8,037.64
UPB AMT: 1,149,302.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 213
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031428212 MORTGAGORS: SPATA SCOTT
REGION CODE ADDRESS : 701 FANNING MILL ROAD
01 CITY : GREENWICH TWP
STATE/ZIP : NJ 08886
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,829.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.00248
----------------------------------------------------------------
0 0031428238 MORTGAGORS: MARNOCHA THOMAS
MARNOCHA HEIDI
REGION CODE ADDRESS : 9381 SOUTHSHORE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,117.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,606.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.93500
----------------------------------------------------------------
0 0031428949 MORTGAGORS: FELSEN SIDNEY
WEYL JONI
REGION CODE ADDRESS : 200 PLYMOUTH BOULEVARD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90004
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,517.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,544.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------
0 0031429111 MORTGAGORS: GROSSBARD ALAN
FRYMAN-GROSSBARD PAMELA
REGION CODE ADDRESS : 533 SOUTH BURLINGAME AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 1,039,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,038,728.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,268.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 015
LTV : 70.00000
----------------------------------------------------------------
0 0031429459 MORTGAGORS: MCKIM GERALD
MCKIM JULIE
REGION CODE ADDRESS : 811 NORTH COLLEGE AVENUE
01 CITY : FRESNO
STATE/ZIP : CA 93728
MORTGAGE AMOUNT : 67,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 67,114.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 546.35 OUTSIDE CONV DATE :
LIFETIME RATE : 9.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 9.12500 PRODUCT CODE : 250
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,237,150.00
P & I AMT: 15,700.13
UPB AMT: 2,235,307.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 214
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031429608 MORTGAGORS: GREGERSON SCOTT
GREGERSON STACY
REGION CODE ADDRESS : 100 SILVERFOX
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,784.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.09900
----------------------------------------------------------------
0 0031430101 MORTGAGORS: WIGUNA SHARIF
WIGUNA SWANNY
REGION CODE ADDRESS : 12552 CORELLIAN COURT
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,804.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,775.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.41102
----------------------------------------------------------------
0 0031430242 MORTGAGORS: WAITE JOHN
KIM SHARLEEN
REGION CODE ADDRESS : 40 LEXINGTON WAY
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 237,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,019.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,638.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031430283 MORTGAGORS: MASUHARA TAKAKAZU
FLEETWOOD HAIDAI
REGION CODE ADDRESS : 2744 ORANGE AVENUE
01 CITY : LA CRESCENTA AREA
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,041.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031430424 MORTGAGORS: KORMI TOURAJ
KORMI ELLIE
REGION CODE ADDRESS : 5372 CARRIAGE DR
01 CITY : RICHMOND
STATE/ZIP : CA 94803
MORTGAGE AMOUNT : 239,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,017.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,652.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,284,650.00
P & I AMT: 8,851.02
UPB AMT: 1,283,667.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 215
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031430499 MORTGAGORS: TELES ANTONIO
TELES MARIA
REGION CODE ADDRESS : 1080 CATALINA BOULEVARD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92107
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,596.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 73.71400
----------------------------------------------------------------
0 0031430549 MORTGAGORS: TENDLER GORDON
REGION CODE ADDRESS : 3803 PINETOP ROAD
01 CITY : GREENSBORO
STATE/ZIP : NC 27410
MORTGAGE AMOUNT : 246,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,562.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99500
----------------------------------------------------------------
0 0031430648 MORTGAGORS: CHEN ERIC
REGION CODE ADDRESS : 2164 CHAMPLAIN WAY
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 326,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,814.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,281.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99156
----------------------------------------------------------------
0 0031430739 MORTGAGORS: GIESER THOMAS
GIESER COLETTE
REGION CODE ADDRESS : 4947 EAST BROOKSIDE AVENUE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,548.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.80800
----------------------------------------------------------------
0 0031430747 MORTGAGORS: HOODYE SAMUEL
FIGUEROA MARY
REGION CODE ADDRESS : 23727 POSEY LANE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 365,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,938.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,586.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,466,550.00
P & I AMT: 10,129.11
UPB AMT: 1,464,459.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 216
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031430762 MORTGAGORS: HOPPE THOMAS
HOPPE ANNA
REGION CODE ADDRESS : 5625 SOUTHVIEW DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,631.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,797.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.15300
----------------------------------------------------------------
0 0031430861 MORTGAGORS: MOORE WILLIAM
COOK CARIN
REGION CODE ADDRESS : 20262 TERRA BELLA AVENUE
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 244,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,795.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,728.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031431000 MORTGAGORS: LEE KAI
ALAFRIZ-LEE AMELIA
REGION CODE ADDRESS : 98 CHICORY LANE
01 CITY : TRENTON
STATE/ZIP : NJ 08638
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,821.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.65439
----------------------------------------------------------------
0 0031431026 MORTGAGORS: SCHMIDT JOHANNES
JIANG JIANG
REGION CODE ADDRESS : 24799 NICOLE LANE
01 CITY : LOS ALTOS HILLS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 857,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 855,031.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,919.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 56.75496
----------------------------------------------------------------
0 0031431042 MORTGAGORS: CORPUZ ZAYLOR
CORPUZ CERISE
REGION CODE ADDRESS : 88 S MILTON AVENUE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 316,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,107.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,242.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,931,950.00
P & I AMT: 13,572.46
UPB AMT: 1,928,387.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 217
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031431257 MORTGAGORS: FIGHERA MARK
REGION CODE ADDRESS : 568 ARGUELLO BOULEVARD
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94118
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,530.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031431307 MORTGAGORS: MC DONALD HAROLD
MC DONALD MEGAN
REGION CODE ADDRESS : 3456 CORNING DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,788.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031431463 MORTGAGORS: WEISS CRAIG
BRUSCHETTI JANET
REGION CODE ADDRESS : 780 EMERALD HARBOR DRIVE
01 CITY : LONGBOAT KEY
STATE/ZIP : FL 34228
MORTGAGE AMOUNT : 283,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,199.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.97500
----------------------------------------------------------------
0 0031431661 MORTGAGORS: PARRISH THOMAS
PARRISH LISA
REGION CODE ADDRESS : 31 COTTONWOOD DR
01 CITY : JACKSON
STATE/ZIP : NJ 08527
MORTGAGE AMOUNT : 138,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 138,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 953.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.02800
----------------------------------------------------------------
0 0031432016 MORTGAGORS: WILLIS GARY
WILLIS KATHRYN
REGION CODE ADDRESS : 2763 TUMWATER DRIVE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,788.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,284,600.00
P & I AMT: 8,974.72
UPB AMT: 1,283,306.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 218
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031432156 MORTGAGORS: CASSELS RICHARD
CASSELS MARYBETH
REGION CODE ADDRESS : 3754 MILL RUN DRIVE
01 CITY : TERRELL
STATE/ZIP : NC 28682
MORTGAGE AMOUNT : 284,885.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,230.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.76700
----------------------------------------------------------------
0 0031432297 MORTGAGORS: HELMAN PABLO
HELMAN DONNA
REGION CODE ADDRESS : 3 RIVER OAKS ROAD
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,705.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,578.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031432396 MORTGAGORS: RICHLAND LADD
RICHLAND JULIE
REGION CODE ADDRESS : 2121 CHELSEA ROAD
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 575,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 574,551.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,922.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.67500
----------------------------------------------------------------
0 0031432438 MORTGAGORS: BARTLEY WILLIAM
BARTLEY ROSE
REGION CODE ADDRESS : 76 MONROE BLVD
01 CITY : ENGLISHTOWN
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 155,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 155,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,083.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.10000
----------------------------------------------------------------
0 0031432446 MORTGAGORS: O'BRIEN ROBERT
REGION CODE ADDRESS : 938 EDWARDS DRIVE
01 CITY : SPRINGFIELD TOWNSHIP
STATE/ZIP : PA 19064
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,885.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,036.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,542,885.00
P & I AMT: 10,588.58
UPB AMT: 1,541,373.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 219
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031432560 MORTGAGORS: SANTAMOUR GRETCHEN
ORTELERE BRIAN
REGION CODE ADDRESS : 545 BROOKFIELD LANE
01 CITY : WHITPAIN TOWNSHIP
STATE/ZIP : PA 19002
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,763.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031432750 MORTGAGORS: LASATER LOREN
LASATER NANCY
REGION CODE ADDRESS : 11178 E. MARK LANE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85262
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,783.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.53000
----------------------------------------------------------------
0 0031433303 MORTGAGORS: CAPPIELLO DONNA
BRIEHLER GEORGE
REGION CODE ADDRESS : 6 RARITAN POINTE
01 CITY : LAMBERTVILLE
STATE/ZIP : NJ 08530
MORTGAGE AMOUNT : 50,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 50,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 328.47 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 31.05500
----------------------------------------------------------------
0 0031433675 MORTGAGORS: THOMPSON RAYMOND
STAHL CURTIS
REGION CODE ADDRESS : 9127 CRESTA DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90035
MORTGAGE AMOUNT : 407,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,363.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,776.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.40300
----------------------------------------------------------------
0 0031434145 MORTGAGORS: RATH KENNETH
BURNS-RATH LYNN
REGION CODE ADDRESS : 3243 DANAHA STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,311.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,270,500.00
P & I AMT: 8,626.89
UPB AMT: 1,269,221.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 220
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031434152 MORTGAGORS: NEAL VANESSA
WEBSTER JEFFREY
REGION CODE ADDRESS : 8152 CENTERSTONE DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,795.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031434186 MORTGAGORS: FLATEBO MICHAEL
FLATEBO JAMIE
REGION CODE ADDRESS : 224 RUBY LANE
01 CITY : NIPOMO
STATE/ZIP : CA 93444
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,783.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,634.47 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031434236 MORTGAGORS: NANCE MARGARET
EGGENBERGER PAUL
REGION CODE ADDRESS : 1151 HIGH SCHOOL ROAD
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,767.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.76500
----------------------------------------------------------------
0 0031435928 MORTGAGORS: OWEN J
OWEN SUZETTE
REGION CODE ADDRESS : 221 SOUTH COUNTRY MANOR LANE
01 CITY : ALPINE
STATE/ZIP : UT 84004
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,627.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 53.99500
----------------------------------------------------------------
0 0031436140 MORTGAGORS: AMRUTHKUMAR HAROLD
AMRUTHKUMAR IRENE
REGION CODE ADDRESS : 4950 ARIANO DRIVE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,530.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,286.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.78000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,406,000.00
P & I AMT: 9,705.08
UPB AMT: 1,404,504.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 221
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031437080 MORTGAGORS: RICHARDS FRANCIS
REGION CODE ADDRESS : 455 RETAHEIM WAY
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,329.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031437106 MORTGAGORS: TASLAKIAN GABRIEL
TASLAKIAN NINA
REGION CODE ADDRESS : 6224 BAIRD AVE
01 CITY : LOS ANGELES (TARZANA AREA
STATE/ZIP : CA 91335
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,549.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.50000
----------------------------------------------------------------
0 0031437155 MORTGAGORS: LAWRENCE PAUL
LAWRENCE RACHELLE
REGION CODE ADDRESS : 2986 HADDINGTON DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 624,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 623,093.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,416.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031437189 MORTGAGORS: GLASS SHANE
WOOD LYNNETTE
REGION CODE ADDRESS : 24171 PASEO DEL CAMPO
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 351,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,436.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031437346 MORTGAGORS: COCKAYNE DEBRA
SMITH LEONARD
REGION CODE ADDRESS : 196 MANLEY COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95139
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,528.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,053.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.81800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,922,000.00
P & I AMT: 13,378.26
UPB AMT: 1,918,939.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 222
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031437361 MORTGAGORS: CASTER PHILIP
CASTER LORI
REGION CODE ADDRESS : 7422 LONEWOLF COURT
01 CITY : FAIRVIEW HEIGHTS
STATE/ZIP : IL 62208
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,361.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,059.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.94290
----------------------------------------------------------------
0 0031437429 MORTGAGORS: BOSSE FRANK
BOSSE LISA
REGION CODE ADDRESS : 2012 EAGLE COURT
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,725.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,444.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.12900
----------------------------------------------------------------
0 0031437726 MORTGAGORS: PARK KWANG
REGION CODE ADDRESS : 1876 CAMINITO DE LA NARCISSA
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,830.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 87.27200
----------------------------------------------------------------
0 0031437734 MORTGAGORS: KRAFT RONALD
KRAFT NATALIE
REGION CODE ADDRESS : 5408 W 97TH CIRCLE
01 CITY : OVERLAND PARK
STATE/ZIP : KS 66207
MORTGAGE AMOUNT : 243,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,569.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031437866 MORTGAGORS: ZHANG JIANZHONG
DING CUIPING
REGION CODE ADDRESS : 6-8 MARION ROAD
01 CITY : BELMONT
STATE/ZIP : MA 02178
MORTGAGE AMOUNT : 270,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,914.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,399,200.00
P & I AMT: 9,842.63
UPB AMT: 1,397,936.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 223
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031437957 MORTGAGORS: VO THY
VO KHANH
REGION CODE ADDRESS : 607 ST. FRANCIS BOULEVARD
01 CITY : DALY CITY
STATE/ZIP : CA 94015
MORTGAGE AMOUNT : 280,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,811.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031438286 MORTGAGORS: KOPP EUGENE
KOPP JAMIE
REGION CODE ADDRESS : 12785 MONTICELLO DRIVE
01 CITY : SOLOMONS
STATE/ZIP : MD 20688
MORTGAGE AMOUNT : 232,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,327.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,625.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031438401 MORTGAGORS: WEISS MARK
WEISS SHANNON
REGION CODE ADDRESS : 8544 EAST DEERSHIRE COURT
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 247,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,321.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,710.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 93.19400
----------------------------------------------------------------
0 0031438526 MORTGAGORS: NGUYEN STEPHEN
DO CINDY
REGION CODE ADDRESS : 7 VERMONT
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 248,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,775.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98200
----------------------------------------------------------------
0 0031438583 MORTGAGORS: HOLMS JANICE
REGION CODE ADDRESS : 78 YORK STREET
01 CITY : LAMBERTVILLE
STATE/ZIP : NJ 08530
MORTGAGE AMOUNT : 80,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 80,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 505.66 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 61.53800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,088,750.00
P & I AMT: 7,468.89
UPB AMT: 1,087,235.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 224
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031438864 MORTGAGORS: ZENTMAYER MICHAEL
ZENTMAYER REBECCA
REGION CODE ADDRESS : 78 WOOSAMONSA ROAD
01 CITY : PENNINGTON
STATE/ZIP : NJ 08534
MORTGAGE AMOUNT : 115,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 115,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 736.36 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 74.19300
----------------------------------------------------------------
0 0031439219 MORTGAGORS: CHAN ALEXANDER
WONG SHELLY
REGION CODE ADDRESS : 22 EL CAMINO MORAGA
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 363,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,445.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.84500
----------------------------------------------------------------
0 0031439284 MORTGAGORS: OCANO QUATA
OCANO ROBERT
REGION CODE ADDRESS : 468 POMO COURT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,441.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,622.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.09300
----------------------------------------------------------------
0 0031439334 MORTGAGORS: HAVOURD DUANE
O'BRIEN-HAVOURD KAREN
REGION CODE ADDRESS : 5 TUMBLEWEED STREET
01 CITY : TRABUCO CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 240,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,923.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,639.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.98399
----------------------------------------------------------------
0 0031439367 MORTGAGORS: RHEINHARDT KURT
RHEINHARDT KIMBERLY
REGION CODE ADDRESS : 6576 BLUEBONNET DRIVE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,615.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.30090
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,358,300.00
P & I AMT: 9,380.50
UPB AMT: 1,356,426.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 225
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031439391 MORTGAGORS: FILIPAW THEODORE
REGION CODE ADDRESS : 2 ROWE COURT
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 286,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,212.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,979.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.97756
----------------------------------------------------------------
0 0031439417 MORTGAGORS: SLOAN BENJAMIN
SLOAN ELIZABETH
REGION CODE ADDRESS : 5545 RIVERTON COURT
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 536,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 536,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,796.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.70700
----------------------------------------------------------------
0 0031439425 MORTGAGORS: CASSALIA GREGORY
CASSALIA PATRICIA
REGION CODE ADDRESS : 6390 BERRYBUSH COURT
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 308,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,839.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99989
----------------------------------------------------------------
0 0031439433 MORTGAGORS: SOLIMAN JOSE
SOLIMAN EVELYN
REGION CODE ADDRESS : 32760 ARTISTRY LOOP
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,611.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,570.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.97993
----------------------------------------------------------------
0 0031439441 MORTGAGORS: GREENE DEBRA
MARR STACY
REGION CODE ADDRESS : 6361 BERRYBUSH COURT
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 284,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,504.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,943.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.98650
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,652,450.00
P & I AMT: 11,342.56
UPB AMT: 1,650,568.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 226
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031439490 MORTGAGORS: SAYO DEMETRIO
SAYO MARILYN
REGION CODE ADDRESS : 2184 CHAMPLAIN WAY
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 332,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,653.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.97823
----------------------------------------------------------------
0 0031439516 MORTGAGORS: GAVIN COLM
GAVIN PUNTHIP
REGION CODE ADDRESS : 101 ESTRADA DRIVE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 332,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,892.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,295.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.97998
----------------------------------------------------------------
0 0031439649 MORTGAGORS: ROSENBLOOM PHILIP
ROSENBLOOM TAMMIE
REGION CODE ADDRESS : 2511 WASHBURN AVE SOUTH
01 CITY : MINNEAPOLIS
STATE/ZIP : MN 55416
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,761.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,087.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.48000
----------------------------------------------------------------
0 0031439656 MORTGAGORS: STOCKHAUS JIM
STOCKHAUS CHERYL
REGION CODE ADDRESS : 886 RUSSET DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,542.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 51.81800
----------------------------------------------------------------
0 0031439680 MORTGAGORS: HEFFNER GLENN
LYONS-HEFFNER DOROTHY
REGION CODE ADDRESS : 7200 BRIDLEWOOD DRIVE
01 CITY : CONCORD
STATE/ZIP : OH 44077
MORTGAGE AMOUNT : 427,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,951.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.12963
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,682,900.00
P & I AMT: 11,464.77
UPB AMT: 1,681,150.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 227
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031439755 MORTGAGORS: RUST EMMY
REGION CODE ADDRESS : 27046 SHILOH LANE
01 CITY : VALLEY CENTER
STATE/ZIP : CA 92082
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,810.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.83300
----------------------------------------------------------------
0 0031439870 MORTGAGORS: MITCHELL CLARENCE
REGION CODE ADDRESS : 11124 N 138TH WAY
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 323,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,328.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.83 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99584
----------------------------------------------------------------
0 0031440100 MORTGAGORS: VARDEL RIC
MEADORS-VARDEL MARTHA
REGION CODE ADDRESS : 30 FEATHER RIDGE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 305,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,578.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,164.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031440142 MORTGAGORS: PRICE JENNIEVE
REGION CODE ADDRESS : 1013 ASPEN DRIVE
01 CITY : AZLE
STATE/ZIP : TX 76020
MORTGAGE AMOUNT : 77,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 77,348.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 567.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031440225 MORTGAGORS: BACON CHARLES
BACON DELORES
REGION CODE ADDRESS : 6208 FOX TRAIL
01 CITY : DALLAS
STATE/ZIP : TX 75248
MORTGAGE AMOUNT : 116,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 116,111.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 802.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.97200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,078,000.00
P & I AMT: 7,443.77
UPB AMT: 1,077,177.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 228
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031440340 MORTGAGORS: GROPPEL DONNA
REGION CODE ADDRESS : 4122 TRAVIS STREET #18
01 CITY : DALLAS
STATE/ZIP : TX 75204
MORTGAGE AMOUNT : 147,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 147,498.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,070.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031441215 MORTGAGORS: MACK JAMES
MACK PATRICIA
REGION CODE ADDRESS : 236 W. PINEHURST TRAIL
01 CITY : DAKOTA DUNES
STATE/ZIP : SD 57049
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,756.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.04800
----------------------------------------------------------------
0 0031441272 MORTGAGORS: POTEMPA WILTOLD
REGION CODE ADDRESS : 581 FRANKLIN STREET UNIT #581
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02139
MORTGAGE AMOUNT : 192,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 192,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,358.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 55.65200
----------------------------------------------------------------
0 0031442064 MORTGAGORS: BERKOWITZ DAVID
REGION CODE ADDRESS : 43 WILLOWBROOK DRIVE
01 CITY : NORTH CALDWELL
STATE/ZIP : NJ 07006
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.26829
----------------------------------------------------------------
0 0031442098 MORTGAGORS: BRACAMONTES DON
BRACAMONTES HEIDI
REGION CODE ADDRESS : 8526 EAST DEERSHIRE COURT
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,629.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.85900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,227,600.00
P & I AMT: 8,646.03
UPB AMT: 1,226,883.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 229
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031442155 MORTGAGORS: CHAO CELILIA
REGION CODE ADDRESS : 6569 BLUEBONNET DRIVE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 341,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,898.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,329.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031442205 MORTGAGORS: SEYMOUR S.
SEYMOUR RENE
REGION CODE ADDRESS : 3014 ALKI AVENUE SW
01 CITY : SEATTLE
STATE/ZIP : WA 98116
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,173.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,779.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031442338 MORTGAGORS: GUIRGUIS MAGDY
GUIRGUIS RENEE
REGION CODE ADDRESS : 11327 ALBATA STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 397,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,393.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,741.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.18100
----------------------------------------------------------------
0 0031442478 MORTGAGORS: MILLER KENNETH
MILLER LISA
REGION CODE ADDRESS : 4312 RENO ROAD NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20008
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,796.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,780.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031442684 MORTGAGORS: LUCIBELLO LANCE
REGION CODE ADDRESS : 663 N. SANGAMON, UNIT 5 SOUTH
01 CITY : CHICAGO
STATE/ZIP : IL 60622
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,478.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 86.54100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,632,350.00
P & I AMT: 11,449.76
UPB AMT: 1,629,740.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 230
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031442759 MORTGAGORS: SHULTZ JONATHAN
SHULTZ DARYL
REGION CODE ADDRESS : 3872 HIDDEN TRAIL DRIVE
01 CITY : JAMUL AREA
STATE/ZIP : CA 91935
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,584.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,024.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.50000
----------------------------------------------------------------
0 0031442791 MORTGAGORS: ECKERT KENNETH
PARKER MICHELLE
REGION CODE ADDRESS : 1814 43RD AVENUE
01 CITY : CAPITOLA
STATE/ZIP : CA 95010
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,528.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,053.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.18100
----------------------------------------------------------------
0 0031442817 MORTGAGORS: JONES RONALD
JONES GWENDOLYN
REGION CODE ADDRESS : 3021 E OCOTILLO ROAD
01 CITY : PHOENIX
STATE/ZIP : AZ 85016
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,619.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,453.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 52.63100
----------------------------------------------------------------
0 0031443153 MORTGAGORS: NICHOLSON TIMOTHY
NICHOLSON MELISSA
REGION CODE ADDRESS : 1924 SILVER CLOUD CIRCLE
01 CITY : LEWISVILLE
STATE/ZIP : TX 75067
MORTGAGE AMOUNT : 175,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 175,766.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,214.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031443260 MORTGAGORS: CHANG SOK
CHANG HYUN
REGION CODE ADDRESS : 27103 CANDINGTON COURT
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 246,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,217.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,509,300.00
P & I AMT: 10,468.78
UPB AMT: 1,507,716.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 231
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031443641 MORTGAGORS: MCMORRIS CLINT
MCMORRIS ANITA
REGION CODE ADDRESS : 3909 VIA CAMPESINA
01 CITY : PALOS VERDE ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,334.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,011.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.07600
----------------------------------------------------------------
0 0031443674 MORTGAGORS: BUTASH SUSANNAH
REGION CODE ADDRESS : 435 SEAVIEW ROAD
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93108
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,636.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 42.43478
----------------------------------------------------------------
0 0031443856 MORTGAGORS: MARTORANO ROBERT
MARTORANO SUSAN
REGION CODE ADDRESS : 2 POLHEMUS DRIVE
01 CITY : BELLE MEAD
STATE/ZIP : NJ 08502
MORTGAGE AMOUNT : 213,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 213,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,574.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/23
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.34400
----------------------------------------------------------------
0 0031444151 MORTGAGORS: JEE STEPHANIE
REGION CODE ADDRESS : 130 PACHECO ST
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
MORTGAGE AMOUNT : 320,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,729.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,327.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.87400
----------------------------------------------------------------
0 0031444326 MORTGAGORS: GEORGE CHRISTOPHER
GEORGE TERESA
REGION CODE ADDRESS : 3132 JOANNE CIRCLE
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,748.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,122.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,528,950.00
P & I AMT: 10,740.83
UPB AMT: 1,527,448.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 232
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031444433 MORTGAGORS: BATEMAN DEREK
BATEMAN CARYN
REGION CODE ADDRESS : 1110 TOURMALINE STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,625.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0031444623 MORTGAGORS: PERSON JERRY
PERSON LORI
REGION CODE ADDRESS : 3838 SAN MIGUEL DRIVE
01 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,806.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031444631 MORTGAGORS: MERK RICHARD
MERK NANCY
REGION CODE ADDRESS : 13 COSTA BRAVA
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 264,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,385.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,806.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031444854 MORTGAGORS: DUMAS ALVIN
DUMAS KATHLEEN
REGION CODE ADDRESS : 3444 AUTUMN LANE
01 CITY : ANN ARBOR
STATE/ZIP : MI 48105
MORTGAGE AMOUNT : 346,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,909.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,481.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031444862 MORTGAGORS: HURBANIS SHERI
REGION CODE ADDRESS : 1628 DOLCETTO LANE
01 CITY : GURNEE
STATE/ZIP : IL 60031
MORTGAGE AMOUNT : 156,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 156,674.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,056.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 91.69500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,261,000.00
P & I AMT: 8,728.41
UPB AMT: 1,259,402.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 233
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031444946 MORTGAGORS: RANDOLPH MARJORIE
REGION CODE ADDRESS : 628 SAN MIGUEL AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 465,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 464,235.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,093.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 63.26530
----------------------------------------------------------------
0 0031445000 MORTGAGORS: BEGLIN WILLIAM
BEGLIN DIANE
REGION CODE ADDRESS : 4906 WINDRIFT WAY
01 CITY : CARMEL
STATE/ZIP : TN 46033
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,342.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.52600
----------------------------------------------------------------
0 0031445109 MORTGAGORS: HORTON DONALD
ROSE KAREN
REGION CODE ADDRESS : 2191 CYPRESS STREET
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 91.89600
----------------------------------------------------------------
0 0031445182 MORTGAGORS: MACKO MELISSA
MACKO STEVEN
REGION CODE ADDRESS : 2201 CLOVERFIELD BLVD
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,624.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,844.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 74.28571
----------------------------------------------------------------
0 0031445190 MORTGAGORS: DEAN JOHN
REGION CODE ADDRESS : 58 RAMSGATE COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,374.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.63700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,610,000.00
P & I AMT: 11,100.84
UPB AMT: 1,608,005.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 234
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031445224 MORTGAGORS: INLANDER RICHARD
REGION CODE ADDRESS : 860 NOE STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,506.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 58.25200
----------------------------------------------------------------
0 0031445232 MORTGAGORS: CONSTANTINO NICHOLAS
CONSTANTINO CLAIRE
REGION CODE ADDRESS : 30 CORAL REEF
01 CITY : NEWPORT COAST
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,734.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 54.48200
----------------------------------------------------------------
0 0031445240 MORTGAGORS: PETRIE GORDON
PETRIE KAREN
REGION CODE ADDRESS : 2692 COMSTOCK CIRCLE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,267.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,315.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.60500
----------------------------------------------------------------
0 0031445257 MORTGAGORS: ROZSNYOI FERENC
ROZSNYOI ZSUZSANNA
REGION CODE ADDRESS : 1391 RENNET DRIVE
01 CITY : NAPERVILLE
STATE/ZIP : IL 60565
MORTGAGE AMOUNT : 126,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 126,698.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 854.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.98120
----------------------------------------------------------------
0 0031445273 MORTGAGORS: KAWAKAMI DAVID
REGION CODE ADDRESS : 112 CONCORD CIRCLE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,488.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,491.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,653,800.00
P & I AMT: 11,391.78
UPB AMT: 1,651,361.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 235
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031445315 MORTGAGORS: SERRANO KATHLEEN
REGION CODE ADDRESS : 19417 WATER CANYON ROAD
01 CITY : TEHACHAPI
STATE/ZIP : CA 93561
MORTGAGE AMOUNT : 83,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 82,873.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 573.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 56.08100
----------------------------------------------------------------
0 0031445323 MORTGAGORS: LARSON MATTHEW
LARSON WENDY
REGION CODE ADDRESS : 1 TAPPAN COURT
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,750.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,727.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.22900
----------------------------------------------------------------
0 0031445349 MORTGAGORS: BOES CHARLES
BECK TERRI
REGION CODE ADDRESS : 4111 FOX CREEK COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 451,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,562.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,119.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.26600
----------------------------------------------------------------
0 0031445380 MORTGAGORS: HARDY LESLIE
GANAHL MICHAEL
REGION CODE ADDRESS : 3267 FERNSIDE BOULEVARD
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,985.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,353.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031445406 MORTGAGORS: CALDWELL WALTER
CALDWELL SHARLENE
REGION CODE ADDRESS : 1738 STODDARD AVENUE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 281,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,380.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,554,700.00
P & I AMT: 10,694.52
UPB AMT: 1,551,552.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 236
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031445455 MORTGAGORS: VOILLEQUE JEAN-PAUL
VOILLEQUE CARMEN
REGION CODE ADDRESS : 890 DOLORES STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94110
MORTGAGE AMOUNT : 348,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,256.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,498.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031445463 MORTGAGORS: VAN LOON LARRY
VAN LOON SHARON
REGION CODE ADDRESS : 36048 VIA FAMERO DRIVE
01 CITY : ACTON
STATE/ZIP : CA 93510
MORTGAGE AMOUNT : 85,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 84,866.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 579.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 44.73600
----------------------------------------------------------------
0 0031445471 MORTGAGORS: SWEENEY JOHN
SWEENEY JUDY
REGION CODE ADDRESS : 7 GOLDEN EAGLE COURT
01 CITY : ALISO VIEJO AREA
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 166,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 166,451.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,165.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.53300
----------------------------------------------------------------
0 0031445497 MORTGAGORS: SMITH PAUL
SMITH SHIRLEY
REGION CODE ADDRESS : 687 LOS PINOS AVENUE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,577.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 49.09000
----------------------------------------------------------------
0 0031445547 MORTGAGORS: GARBE CARL
GARBE SUZIE
REGION CODE ADDRESS : 810 OLD ORCHARD ROAD
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,759.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,194,450.00
P & I AMT: 8,351.27
UPB AMT: 1,192,911.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 237
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031445810 MORTGAGORS: OLIVO THOMAS
OLIVO KATHERINE
REGION CODE ADDRESS : 8012 LOOK FAR WAY
01 CITY : BOZEMAN
STATE/ZIP : MT 59715
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.62600
----------------------------------------------------------------
0 0031446099 MORTGAGORS: LITTLES LOREEN
LITTLES STEPHEN
REGION CODE ADDRESS : 220 MILANO DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30331
MORTGAGE AMOUNT : 278,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,437.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,924.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.40200
----------------------------------------------------------------
0 0031446313 MORTGAGORS: NEIMAN JACK
NEIMAN AURORA
REGION CODE ADDRESS : 301 WINCH STREET
01 CITY : FRAMINGHAM
STATE/ZIP : MA 01701
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,247.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 79.48700
----------------------------------------------------------------
0 0031446388 MORTGAGORS: HALPERIN MARK
HALPERIN EVELYN
REGION CODE ADDRESS : 23309 WEST SUMMERGLEN PLACE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,581.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031446495 MORTGAGORS: KELLY KERRY
REGION CODE ADDRESS : 3916 COLONEL ELLIS AVENUE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22304
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,722.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,520.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.49400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,591,650.00
P & I AMT: 11,119.32
UPB AMT: 1,590,742.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 238
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031446636 MORTGAGORS: MOSCOS FREDERICK
MOSCOS JOSINA
REGION CODE ADDRESS : 18552 VALLEY DRIVE
01 CITY : VILLA PARK
STATE/ZIP : CA 92861
MORTGAGE AMOUNT : 516,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 515,287.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,741.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031446727 MORTGAGORS: BLANTON JEFF
BLANTON LAURA
REGION CODE ADDRESS : 8373 CARMENCITA AVENUE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95829
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,198.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031447113 MORTGAGORS: BARON ROBERT
BARON IRMA
REGION CODE ADDRESS : 545 REINANTE AVENUE
01 CITY : CORAL GABLES
STATE/ZIP : FL 33156
MORTGAGE AMOUNT : 1,500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,498,967.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 10,876.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 015
LTV : 45.45400
----------------------------------------------------------------
0 0031447238 MORTGAGORS: FRIEDMAN BRENT
FRIEDMAN PATRICIA
REGION CODE ADDRESS : 2205 MORENO DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90039
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,723.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,514.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031447493 MORTGAGORS: GOLDBERG HOWARD
DURGIN-GOLDBERG KAREN
REGION CODE ADDRESS : 40 TORREY LANE
01 CITY : DUXBURY
STATE/ZIP : MA 02332
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,753.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.91300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 3,028,000.00
P & I AMT: 21,524.84
UPB AMT: 3,024,930.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 239
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031447618 MORTGAGORS: MORRIS ROBERT
MORRIS NANCY
REGION CODE ADDRESS : 11636 FUERTE DRIVE
01 CITY : EL CAJON AREA,COUNTY OF S
STATE/ZIP : CA 92020
MORTGAGE AMOUNT : 266,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,813.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,884.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.98591
----------------------------------------------------------------
0 0031447634 MORTGAGORS: RUDDOCK BILL
RUDDOCK SANDRA
REGION CODE ADDRESS : 28627 MOUNT LASSEN LANE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 278,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,875.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.74200
----------------------------------------------------------------
0 0031447675 MORTGAGORS: WALSH MICHAEL
WALSH PATRICIA
REGION CODE ADDRESS : 925 VIA BLAIRO
01 CITY : CORONA
STATE/ZIP : CA 91719
MORTGAGE AMOUNT : 241,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,831.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,665.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.44800
----------------------------------------------------------------
0 0031447741 MORTGAGORS: HURST DOUGLAS
HURST FRANCILLE
REGION CODE ADDRESS : 12 TERRAZA DEL MAR
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 338,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,515.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,225.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 60.50000
----------------------------------------------------------------
0 0031447956 MORTGAGORS: WONG WARREN
MURAKAWA TRISHA
REGION CODE ADDRESS : 1529 GOODMAN AVENUE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 296,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,598.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,420,550.00
P & I AMT: 9,742.63
UPB AMT: 1,418,633.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 240
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031448152 MORTGAGORS: HAGINS HAROLD
HAGINS CHRISTY
REGION CODE ADDRESS : 228 MARSH LAKES DRIVE
01 CITY : FERNANDINA
STATE/ZIP : FL 32034
MORTGAGE AMOUNT : 234,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,566.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,601.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031448269 MORTGAGORS: BOCZON JEFFREY
BOCZON HOPE
REGION CODE ADDRESS : 89 MARSHALL RD
01 CITY : HILLSBORO
STATE/ZIP : NJ 08853
MORTGAGE AMOUNT : 188,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 188,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,250.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031448293 MORTGAGORS: BRANDON RICHARD
BRANDON BARBARA
REGION CODE ADDRESS : 38 LAURIE CT.
01 CITY : MATAWAN
STATE/ZIP : NJ 07747
MORTGAGE AMOUNT : 101,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 101,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 701.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 86.01600
----------------------------------------------------------------
0 0031448319 MORTGAGORS: WALLACE GEORGE
WALLACE JANE
REGION CODE ADDRESS : 10 BRENTANO DRIVE
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 487,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 487,155.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,492.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031448350 MORTGAGORS: CARLOCK GIL
CARLOCK KIMBERLY
REGION CODE ADDRESS : 43 MILLBROOK DRIVE
01 CITY : MIDDLETOWN
STATE/ZIP : NJ 07748
MORTGAGE AMOUNT : 124,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 124,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 856.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.88800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,135,750.00
P & I AMT: 7,902.17
UPB AMT: 1,135,222.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 241
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031448442 MORTGAGORS: FERRARI AMDREW
FERRARI MARY
REGION CODE ADDRESS : 12 LOCKSLEY LN
01 CITY : MANALAPAN
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 150,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,023.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 49.18000
----------------------------------------------------------------
0 0031448541 MORTGAGORS: GRBELJA NANCY
REGION CODE ADDRESS : 103 AGRESS ROAD
01 CITY : MILLSTONE
STATE/ZIP : NJ 08510
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 150,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,010.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 53.57100
----------------------------------------------------------------
0 0031448640 MORTGAGORS: JAEKEL LEE
REGION CODE ADDRESS : 124 SENECA LAKE RD.
01 CITY : SPARTA
STATE/ZIP : NJ 07871
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 100,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 690.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
0 0031448699 MORTGAGORS: JOSHI SANDEEP
JAIN KOKILA
REGION CODE ADDRESS : 677 HOWARD RD
01 CITY : RIDGEWOOD
STATE/ZIP : NJ 07450
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,482.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.69230
----------------------------------------------------------------
0 0031448731 MORTGAGORS: MARCIANI ALAN
MARCIANI THERESA
REGION CODE ADDRESS : 734 TALL OAKS DR
01 CITY : BRICK
STATE/ZIP : NJ 08724
MORTGAGE AMOUNT : 170,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 170,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,060.58 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 73.91300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 790,000.00
P & I AMT: 5,267.30
UPB AMT: 790,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 242
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031448806 MORTGAGORS: CONSTANTIAN RAY
CONSTANTIAN LYNNE
REGION CODE ADDRESS : 1751 WINDSOR LANE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,794.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031448830 MORTGAGORS: BRAND AL
BRAND LITA
REGION CODE ADDRESS : 20 SUMMIT DRIVE
01 CITY : DENVILLE
STATE/ZIP : NJ 07834
MORTGAGE AMOUNT : 143,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 143,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,143.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.59113
----------------------------------------------------------------
0 0031448871 MORTGAGORS: MCELREATH C.
MCELREATH LINDA
REGION CODE ADDRESS : 4021 MILANO DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,812.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031448889 MORTGAGORS: RAYNOR KEVIN
RAYNOR ANNETTE
REGION CODE ADDRESS : 5 VICTORIAN WAY
01 CITY : COLTS NECK
STATE/ZIP : NJ 07722
MORTGAGE AMOUNT : 536,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 536,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,749.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031448921 MORTGAGORS: SCHADT CRAIG
SCHADT HEIDI
REGION CODE ADDRESS : 352 BROOKVALE ROAD
01 CITY : KINNELON
STATE/ZIP : NJ 07405
MORTGAGE AMOUNT : 210,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,414.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 56.75600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,393,550.00
P & I AMT: 9,746.01
UPB AMT: 1,393,156.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 243
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031448988 MORTGAGORS: SCHANZER BARRY
SCHANZER FELICE
REGION CODE ADDRESS : 25 PERRY ROAD
01 CITY : EDISON
STATE/ZIP : NJ 08820
MORTGAGE AMOUNT : 192,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 192,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,293.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031449044 MORTGAGORS: SCHIFF JORDEN
SCHIFF DEBRA
REGION CODE ADDRESS : 13 DORSETT LN
01 CITY : WHITEHOUSE STATION
STATE/ZIP : NJ 08889
MORTGAGE AMOUNT : 165,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 165,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,130.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.28000
----------------------------------------------------------------
0 0031449093 MORTGAGORS: SHAHI SURINDER
REGION CODE ADDRESS : 5006 STONEHEDGE RD
01 CITY : EDISON
STATE/ZIP : NJ 08820
MORTGAGE AMOUNT : 135,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 135,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 932.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.23500
----------------------------------------------------------------
0 0031449127 MORTGAGORS: SIMON MARK
HARVEY RENEE
REGION CODE ADDRESS : 807 RTE 202-206
01 CITY : BRIDGEWATER
STATE/ZIP : NJ 08807
MORTGAGE AMOUNT : 135,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 135,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 920.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.50000
----------------------------------------------------------------
0 0031449168 MORTGAGORS: TANNENBAUM NEIL
TANNENBAUM ROBBIN
REGION CODE ADDRESS : 4 HARVEST COURT
01 CITY : MARLBORO
STATE/ZIP : NJ 07746
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 200,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,347.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 63.49200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 827,700.00
P & I AMT: 5,624.71
UPB AMT: 827,700.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 244
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031449317 MORTGAGORS: BAKER ROBERT
REGION CODE ADDRESS : 70 SPINNAKER RUN POINTE
01 CITY : LITTLE ELM
STATE/ZIP : TX 75068
MORTGAGE AMOUNT : 391,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,702.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,700.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031449333 MORTGAGORS: XU KEYAO
CHEN YU
REGION CODE ADDRESS : 27 ARNOLD DRIVE
01 CITY : RANDOLPH
STATE/ZIP : NJ 07869
MORTGAGE AMOUNT : 210,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,432.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 53.16455
----------------------------------------------------------------
0 0031449580 MORTGAGORS: MEYERS ANDREW
REGION CODE ADDRESS : 8763 WONDERLAND PARK AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 364,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,315.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,487.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031449606 MORTGAGORS: MOORE CHARLES
MOORE SUZANNE
REGION CODE ADDRESS : 5402 HURLOCK DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78731
MORTGAGE AMOUNT : 492,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 491,669.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,610.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031449689 MORTGAGORS: THOMPSON ROBERT
REGION CODE ADDRESS : 4127 MASSACHUSETTS STREET
01 CITY : LONG BEACH
STATE/ZIP : CA 90814
MORTGAGE AMOUNT : 248,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,715.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,706,500.00
P & I AMT: 11,970.82
UPB AMT: 1,705,403.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 245
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031449697 MORTGAGORS: EDWARDS MARTIN
EDWARDS LISA
REGION CODE ADDRESS : 1510 OXBOW DR
01 CITY : BLACKLICK
STATE/ZIP : OH 43004
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,768.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,181.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031449747 MORTGAGORS: ANDREU CINDY
MARTIN KIRK
REGION CODE ADDRESS : 3735 RIVER HOLLOW RUN
01 CITY : DULUTH
STATE/ZIP : GA 30096
MORTGAGE AMOUNT : 261,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,485.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 88.79700
----------------------------------------------------------------
0 0031449911 MORTGAGORS: ANTOSH LOUIS
ANTOSH LYNNETTE
REGION CODE ADDRESS : 26 VERSAILLES
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,793.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.95652
----------------------------------------------------------------
0 0031450745 MORTGAGORS: GRACIA RICHARD
GRACIA CYNTHIA
REGION CODE ADDRESS : 2168 VIA AGUILA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,799.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,629.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.52500
----------------------------------------------------------------
0 0031450984 MORTGAGORS: CLARK H. JAMES
CLARK JANNE
REGION CODE ADDRESS : 5861 WEST 700 NORTH
01 CITY : MCCORDSVILLE
STATE/ZIP : IN 46055
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,755.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,135.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.13000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,416,700.00
P & I AMT: 9,705.08
UPB AMT: 1,415,602.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 246
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031450992 MORTGAGORS: NUZZO ANTHONY
NUZZO TERESA
REGION CODE ADDRESS : 8 CARDINAL COURT
01 CITY : TOWNSHIP OF BERKELEY HEIG
STATE/ZIP : NJ 07922
MORTGAGE AMOUNT : 190,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 190,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,280.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.55100
----------------------------------------------------------------
0 0031451016 MORTGAGORS: REAUX WILLIAM
REAUX BETTY JEAN
REGION CODE ADDRESS : 12510 LAKE SHERWOOD SOUTH
01 CITY : BATON ROUGE
STATE/ZIP : LA 70816
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,795.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.19000
----------------------------------------------------------------
0 0031451032 MORTGAGORS: MILLER GEORGE
MILLER LINDA
REGION CODE ADDRESS : 2 JUNIPER STREET
01 CITY : BURLINGTON
STATE/ZIP : MA 01803
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,786.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0031451396 MORTGAGORS: TRAXLER KEITH
HOLMAN CHAD
REGION CODE ADDRESS : 1470 MOORES MILL ROAD
01 CITY : ATLANTA
STATE/ZIP : GA 30327
MORTGAGE AMOUNT : 318,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,151.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,172.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031451487 MORTGAGORS: GREENE JAMES
GREENE JEANNE
REGION CODE ADDRESS : 600 NORTH CENTRAL AVENUE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,610.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,299,400.00
P & I AMT: 8,871.96
UPB AMT: 1,298,344.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 247
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031451776 MORTGAGORS: DEEDY JUSTIN
DEEDY LINDA
REGION CODE ADDRESS : 928 ST. LYONN COURTS,
01 CITY : MARIETTA
STATE/ZIP : GA 30068
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,531.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,093.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031452436 MORTGAGORS: FOLEY JERRY
FOLEY JENNIE
REGION CODE ADDRESS : 6542 FAIRLYNN BOULEVARD
01 CITY : YORBA LINDA AREA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,783.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031452972 MORTGAGORS: REINER VICTOR
TROSTEL KRISTI
REGION CODE ADDRESS : 4813 LAKEVIEW DRIVE
01 CITY : EDINA
STATE/ZIP : MN 55424
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,318.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,580.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 74.20599
----------------------------------------------------------------
0 0031453004 MORTGAGORS: WINTERS HARRY
WINTERS KAREN
REGION CODE ADDRESS : 2017 LE MANS DRIVE
01 CITY : CARROLLTON
STATE/ZIP : TX 75006
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,785.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.27200
----------------------------------------------------------------
0 0031453053 MORTGAGORS: ELHAI ROBERT
HOYT LAURA
REGION CODE ADDRESS : 2114 GIRARD AVE S
01 CITY : MINNEAPOLIS
STATE/ZIP : MN 55405
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,546.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,580.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,647,000.00
P & I AMT: 10,970.28
UPB AMT: 1,644,966.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 248
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031453129 MORTGAGORS: HEGGER GERALD
HEGGER TAMI
REGION CODE ADDRESS : 2501 BLACKTHORN STREET
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 414,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 413,189.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,894.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.27200
----------------------------------------------------------------
0 0031453285 MORTGAGORS: PRATT STEVEN
PRATT KATHERINE
REGION CODE ADDRESS : 2026 VIA VINA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 267,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,406.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.88000
----------------------------------------------------------------
0 0031453574 MORTGAGORS: SCHOCKLIN PHILLIP
SCHOCKLIN SARA
REGION CODE ADDRESS : 16 NORTHWEST AVENUE
01 CITY : WENONAH
STATE/ZIP : NJ 08090
MORTGAGE AMOUNT : 80,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 80,491.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 570.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 79.99000
----------------------------------------------------------------
0 0031453616 MORTGAGORS: GODDARD ALICE
REGION CODE ADDRESS : 62 MT VERNON ST
01 CITY : NORTH READING
STATE/ZIP : MA 01864
MORTGAGE AMOUNT : 316,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,971.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,238.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.26600
----------------------------------------------------------------
0 0031453889 MORTGAGORS: MARCHETTA ALFRED
BAIER JENNIFER
REGION CODE ADDRESS : 6 TUMBLEWEED STREET
01 CITY : TRABUCO CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 275,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,018.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.98603
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,353,800.00
P & I AMT: 9,476.05
UPB AMT: 1,352,077.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 249
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031453921 MORTGAGORS: YABES ELIPIDIO
YABES RUVIDAELSA
REGION CODE ADDRESS : 6367 TIOGA PASS COURT
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 252,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,364.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,810.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98380
----------------------------------------------------------------
0 0031454770 MORTGAGORS: HORNSBY CHARLES
HORNSBY TERRI LYNN
REGION CODE ADDRESS : 17815 EAST AUGUSTA DRIVE
01 CITY : BATON ROUGE
STATE/ZIP : LA 70810
MORTGAGE AMOUNT : 412,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,161.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,744.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031454861 MORTGAGORS: WAGONER DAVID
WAGONER JEAN
REGION CODE ADDRESS : #2 RIBAULT LANE
01 CITY : SEA ISLAND
STATE/ZIP : GA 31561
MORTGAGE AMOUNT : 441,099.13 OPTION TO CONVERT :
UNPAID BALANCE : 440,425.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,046.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 42.00900
----------------------------------------------------------------
0 0031455041 MORTGAGORS: STOMPANATO STEVE
BOBIN BRIDGETTE
REGION CODE ADDRESS : 2254 W. ERIE
01 CITY : CHICAGO
STATE/ZIP : IL 60622
MORTGAGE AMOUNT : 254,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,061.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031455108 MORTGAGORS: REICHMUTH JAMES
REICHMUTH KRISTIN
REGION CODE ADDRESS : 105 MANOR PLACE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,575.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.89000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,645,599.13
P & I AMT: 11,372.21
UPB AMT: 1,643,589.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 250
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031455298 MORTGAGORS: LYLES IRVIN
LYLES DOROTHY
REGION CODE ADDRESS : 151 MAYNARD ROAD
01 CITY : FRAMINGHAM
STATE/ZIP : MA 01701
MORTGAGE AMOUNT : 175,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 175,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,193.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.62700
----------------------------------------------------------------
0 0031455371 MORTGAGORS: HERBOLD GARY
REGION CODE ADDRESS : 1469 WEST GREGORY AVENUE
01 CITY : CHICAGO
STATE/ZIP : IL 60640
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,325.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.83600
----------------------------------------------------------------
0 0031455488 MORTGAGORS: HAMILTON JOHN
HAMILTON LINDA
REGION CODE ADDRESS : 19317 229TH AVENUE NORTHEAST
01 CITY : WOODINVILLE
STATE/ZIP : WA 98072
MORTGAGE AMOUNT : 280,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,281.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,913.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031455504 MORTGAGORS: GAMBOA PATRICIA
REGION CODE ADDRESS : 6 HENLY LANE
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78257
MORTGAGE AMOUNT : 408,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,296.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,856.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.97200
----------------------------------------------------------------
0 0031455520 MORTGAGORS: EMERSON MARK
EMERSON RENEE
REGION CODE ADDRESS : 3309 BETTY LANE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,509.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 69.09600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,348,600.00
P & I AMT: 9,314.20
UPB AMT: 1,347,413.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 251
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031455587 MORTGAGORS: ADLARD MARK
ADLARD KATHLEEN
REGION CODE ADDRESS : 46 WAKONDA
01 CITY : DOVE CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 238,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,909.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,604.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.99200
----------------------------------------------------------------
0 0031455645 MORTGAGORS: BAT THOMAS
REGION CODE ADDRESS : 4150 FAA ROAD
01 CITY : CUMMING
STATE/ZIP : GA 30041
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031455785 MORTGAGORS: BUZZELL STEPHEN
BUZZELL JODY
REGION CODE ADDRESS : 3 UNDERWOOD CIRCLE
01 CITY : LINCOLN
STATE/ZIP : MA 01773
MORTGAGE AMOUNT : 198,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 198,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,399.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/23
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 40.82400
----------------------------------------------------------------
0 0031455801 MORTGAGORS: PASTER WERNER
PASTER-PUSCH RENATE
REGION CODE ADDRESS : 29 WATERMAN ROAD
01 CITY : GLOUCESTER
STATE/ZIP : MA 01930
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031456171 MORTGAGORS: LIMPACH SCOTT
LIMPACH DAYNA
REGION CODE ADDRESS : 9000 LAGUNA PLACE WAY
01 CITY : ELK GROVE
STATE/ZIP : CA 95758
MORTGAGE AMOUNT : 136,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 135,885.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 893.42 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,132,100.00
P & I AMT: 7,742.66
UPB AMT: 1,131,567.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 252
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031456429 MORTGAGORS: BILLITER DONNA
DEMING MICHAEL
REGION CODE ADDRESS : 2442 RAM CROSSING WAY
01 CITY : HENDERSON
STATE/ZIP : NV 89014
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,374.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.85700
----------------------------------------------------------------
0 0031456643 MORTGAGORS: FRAME SUSAN
FRAME ROBERT
REGION CODE ADDRESS : 6920 SOUTH GARY AVENUE
01 CITY : TULSA
STATE/ZIP : OK 74136
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,311.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031456726 MORTGAGORS: FARIS DAVID
FARIS KATHLEEN
REGION CODE ADDRESS : 4032 BLACK OAK DRIVE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95401
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,734.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,319.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031457062 MORTGAGORS: STARRETT WILLIAM
REGION CODE ADDRESS : 25 BRADDOCK POINT
01 CITY : COLUMBIA
STATE/ZIP : SC 29209
MORTGAGE AMOUNT : 281,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,490.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,969.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031457252 MORTGAGORS: LEWIS BARBARA
REGION CODE ADDRESS : 2 JULIANNA DRIVE
01 CITY : COPAKE
STATE/ZIP : NY 12516
MORTGAGE AMOUNT : 136,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 136,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 904.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 69.74300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,405,200.00
P & I AMT: 9,632.05
UPB AMT: 1,403,911.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 253
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031457385 MORTGAGORS: BELL JAMES
FIBISH MARLA
REGION CODE ADDRESS : 4271 24TH ST
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,455.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.32000
----------------------------------------------------------------
0 0031457427 MORTGAGORS: BIRON ASHER
BIRON CHANI
REGION CODE ADDRESS : 320 NORTH FORMOSA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90036
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,042.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031457476 MORTGAGORS: DEUTCHMAN RONALD
DEUTCHMAN SANDRA
REGION CODE ADDRESS : 33240 JAMIE CIRCLE
01 CITY : FREMONT
STATE/ZIP : CA 94555
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,655.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.38700
----------------------------------------------------------------
0 0031457484 MORTGAGORS: WILHELM EDWARD
REGION CODE ADDRESS : 22851 CALVERT STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 218,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,691.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,561.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 64.11700
----------------------------------------------------------------
0 0031457518 MORTGAGORS: DIMUZIO THOMAS
DIMUZIO CAROLYN
REGION CODE ADDRESS : 29 INGLESIDE AVENUE
01 CITY : PENNINGTON
STATE/ZIP : NJ 08534
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,564.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 85.95900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,410,500.00
P & I AMT: 9,887.13
UPB AMT: 1,408,408.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 254
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031457633 MORTGAGORS: BLAZA DAVID
SOROTA GAYL
REGION CODE ADDRESS : 20 SONORA COURT
01 CITY : TIBURON
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 470,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,814.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,326.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.19700
----------------------------------------------------------------
0 0031457682 MORTGAGORS: CHITNIS DEVRAJ
CHITNIS SWATI
REGION CODE ADDRESS : 4912 MOORPARK AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,513.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,969.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031457716 MORTGAGORS: LANGLAIS PHILIP
LANGLAIS LYNNE
REGION CODE ADDRESS : 3530 RIDGECREST DRIVE
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,472.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,056.19 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 68.04300
----------------------------------------------------------------
0 0031457732 MORTGAGORS: AYTER SEVIG
AYTER GUNER
REGION CODE ADDRESS : 10219 PALO VISTA ROAD
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,153.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,178.14 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031457765 MORTGAGORS: GALVIN WILLIAM
GALVIN SHERI
REGION CODE ADDRESS : 1411 OAKHURST AVENUE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,467.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.90 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 48.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,885,000.00
P & I AMT: 12,606.17
UPB AMT: 1,881,421.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 255
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031457823 MORTGAGORS: CULLINS DOUGLAS
CULLINS PAMELA
REGION CODE ADDRESS : 4 SEPULVEDA
01 CITY : RANCHO SANTA MARGARITA
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,572.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.47000
----------------------------------------------------------------
0 0031457856 MORTGAGORS: JIMENEZ C
THURIN MICHELLE
REGION CODE ADDRESS : 659 SPINDRIFT WAY
01 CITY : HALF MOON BAY
STATE/ZIP : CA 94019
MORTGAGE AMOUNT : 269,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,117.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031457914 MORTGAGORS: BOYCE ROBERT
BOYCE ANITA
REGION CODE ADDRESS : 2820-2822 TOWNBLUFF DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75075
MORTGAGE AMOUNT : 144,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 143,887.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 982.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031457922 MORTGAGORS: GIUSTI STEVE
GIUSTI CHRISTINA
REGION CODE ADDRESS : 280 MONTEREY STREET
01 CITY : BRISBANE
STATE/ZIP : CA 94005
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,611.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,824.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031457955 MORTGAGORS: SALIM MAJID
REGION CODE ADDRESS : 1027 PENSACOLA STREET
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,496.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.73913
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,264,550.00
P & I AMT: 8,632.32
UPB AMT: 1,262,685.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 256
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031458011 MORTGAGORS: NASSIRI MASSOUD
NOURINI AZAR
REGION CODE ADDRESS : 1301 DARRYL DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95130
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,624.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.00000
----------------------------------------------------------------
0 0031458045 MORTGAGORS: WILLARDSON DOUGLAS
WILLARDSON ELLEN
REGION CODE ADDRESS : 400 NORTH DAROCA AVENUE
01 CITY : SAN GABRIEL
STATE/ZIP : CA 91775
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,814.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.98800
----------------------------------------------------------------
0 0031458060 MORTGAGORS: SAFAPAY MANSOOR
SAFAPAY TAHEREH
REGION CODE ADDRESS : 29 FERNWOOD WAY
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,785.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.48780
----------------------------------------------------------------
0 0031458102 MORTGAGORS: WU WELDON
XU ELAINE
REGION CODE ADDRESS : 2013 HORIZON COURT
01 CITY : SAN LEANDRO
STATE/ZIP : CA 94579
MORTGAGE AMOUNT : 290,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,745.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,979.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98897
----------------------------------------------------------------
0 0031458169 MORTGAGORS: SCHRECKENGOST MARY
SCHRECKENGOST KIM
REGION CODE ADDRESS : 290 LONDON DRIVE
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,668.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,613.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,297,200.00
P & I AMT: 8,999.44
UPB AMT: 1,295,639.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 257
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031458201 MORTGAGORS: KAWAKAMI KENNETH
KAWAKANI LANA
REGION CODE ADDRESS : 829 DARTSHIRE WAY
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,451.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,304.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 64.52830
----------------------------------------------------------------
0 0031458326 MORTGAGORS: RITSEMA GEORGE
REGION CODE ADDRESS : 22344 WHIRLAWAY COURT
01 CITY : CANYON LAKE
STATE/ZIP : CA 92587
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,744.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031458359 MORTGAGORS: KERHULAS IKE
KERHULAS NICKI
REGION CODE ADDRESS : 2966 CALLE FRONTERA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,788.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 87.69230
----------------------------------------------------------------
0 0031458482 MORTGAGORS: AMOUKHTEH PEIMAN
AMOUKHTEH KATHERINE
REGION CODE ADDRESS : 408 AVENIDA OSSA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,747.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,049.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.47000
----------------------------------------------------------------
0 0031458854 MORTGAGORS: EHRLICH SCOTT
REGION CODE ADDRESS : 1554 11TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 248,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,320.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 59.16666
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,519,500.00
P & I AMT: 10,425.56
UPB AMT: 1,518,051.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 258
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031459019 MORTGAGORS: WALLACE STEVEN
CENDEJAS LISA
REGION CODE ADDRESS : 3793 MEADOWLANDS LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,720.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.85737
----------------------------------------------------------------
0 0031459134 MORTGAGORS: HOLLANDER DAVID
HOLLANDER ALEXIS
REGION CODE ADDRESS : 249 GLENMOOR ROAD
01 CITY : GLADWYNE
STATE/ZIP : PA 19035
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,544.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.47000
----------------------------------------------------------------
0 0031459340 MORTGAGORS: BENLEVI JASON
MAZNIO KASHA
REGION CODE ADDRESS : 325-327 MISSISSIPPI STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94107
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,630.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,890.49 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031459365 MORTGAGORS: POZZUTO LAURA
REGION CODE ADDRESS : 30 BIRCH STREET
01 CITY : WEST ORANGE
STATE/ZIP : NJ 07052
MORTGAGE AMOUNT : 140,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 140,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 958.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 85.15100
----------------------------------------------------------------
0 0031459712 MORTGAGORS: JOHNSON WILLIAM
JOHNSON MARY
REGION CODE ADDRESS : 1130 DUKE STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,779.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.97700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,870,500.00
P & I AMT: 12,754.82
UPB AMT: 1,869,629.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 259
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031459779 MORTGAGORS: WELCH PATRICK
WELCH KARIN
REGION CODE ADDRESS : 22 DEVONSHIRE DRIVE
01 CITY : DANBURY
STATE/ZIP : CT 06811
MORTGAGE AMOUNT : 249,375.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,203.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,808.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031459944 MORTGAGORS: TIMMEL CAROLE
SPINALI JOSEPH
REGION CODE ADDRESS : 20 SOUTH TEMELEC CIRCLE
01 CITY : SONOMA
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,901.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,002.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031460108 MORTGAGORS: MALDONADO MARK
MALDONADO VALERIE
REGION CODE ADDRESS : 16414 ENGLEWOOD AVENUE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 688,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 687,049.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,988.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 015
LTV : 69.84700
----------------------------------------------------------------
0 0031460116 MORTGAGORS: SALING DAVID
HONIGBLUM CARRIE
REGION CODE ADDRESS : 1023 CEDAR STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,574.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,999.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.50000
----------------------------------------------------------------
0 0031460124 MORTGAGORS: TOGUT ALBERT
TOGUT VERA
REGION CODE ADDRESS : 21690 ABINGTON COURT
01 CITY : BOCA RATON
STATE/ZIP : FL 33428
MORTGAGE AMOUNT : 292,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,175.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,071.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,655,975.00
P & I AMT: 11,870.38
UPB AMT: 1,653,903.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 260
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031460132 MORTGAGORS: GARCIA HENRY
GARCIA RENEE
REGION CODE ADDRESS : 31471 PASEO DURAN
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,511.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031460140 MORTGAGORS: KIRCHNER JAMES
REGION CODE ADDRESS : 1088 CLEMATIS DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,563.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.51500
----------------------------------------------------------------
0 0031460157 MORTGAGORS: BARAKAT BASEL
BARAKAT NAJWA
REGION CODE ADDRESS : 12228 GLADEHOLLOW COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 354,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,065.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,479.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.99000
----------------------------------------------------------------
0 0031460173 MORTGAGORS: BRONSWICK ROBERT
BRONSWICK BECKY
REGION CODE ADDRESS : 4138 MEADOW WOOD DRIVE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 268,598.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,217.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,924.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0031460181 MORTGAGORS: MEHTA NISHITH
MEHTA SMITA
REGION CODE ADDRESS : 24 LAS FIERAS
01 CITY : RANCHO SANTA MARGARITA
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 271,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,255.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.98500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,515,848.00
P & I AMT: 10,668.55
UPB AMT: 1,512,614.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 261
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031460199 MORTGAGORS: SPRING DANIEL
SPRING ROXANNE
REGION CODE ADDRESS : 410 OLD WASHOE CIRCLE
01 CITY : CARSON CITY
STATE/ZIP : NV 89704
MORTGAGE AMOUNT : 243,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,017.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,723.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.58800
----------------------------------------------------------------
0 0031460207 MORTGAGORS: HELMER GREGORY
HELMER LESLIE
REGION CODE ADDRESS : 3218 PATRICIA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,568.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.35800
----------------------------------------------------------------
0 0031460215 MORTGAGORS: MCPHERSON J.
KRUSE NANCY
REGION CODE ADDRESS : 215 SOUTH VALLEY DRIVE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 435,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 434,383.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,116.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.92300
----------------------------------------------------------------
0 0031460223 MORTGAGORS: TABOR LARRY
TABOR LINDA
REGION CODE ADDRESS : 4051 PIER POINT
01 CITY : BYRON
STATE/ZIP : CA 94514
MORTGAGE AMOUNT : 296,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,801.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,173.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031460231 MORTGAGORS: ENGLAND DENNIS
ENGLAND LINDA
REGION CODE ADDRESS : 12 BELVEDERE LANE
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,273.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,764,750.00
P & I AMT: 12,580.36
UPB AMT: 1,762,045.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 262
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031460256 MORTGAGORS: UMINSKI MARCIA
REGION CODE ADDRESS : 392 CORSAIR WAY
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 301,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,162.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,134.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031460264 MORTGAGORS: FRIARY ANN
REGION CODE ADDRESS : 9141 GOLDEN EAGLE DRIVE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89128
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,508.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,307.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 44.00000
----------------------------------------------------------------
0 0031460298 MORTGAGORS: CLARK BILLY
CLARK CRISTINE
REGION CODE ADDRESS : 2386 EDGEHILL ROAD
01 CITY : VISTA
STATE/ZIP : CA 92084
MORTGAGE AMOUNT : 626,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 625,020.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,270.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.54200
----------------------------------------------------------------
0 0031460306 MORTGAGORS: AGAJANIAN LAURA
REGION CODE ADDRESS : 4121 LORRAINE ROAD
01 CITY : RANCHO PALOS VERDE
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,405.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,008.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031460330 MORTGAGORS: LEE RAYMOND
LEE EUNICE
REGION CODE ADDRESS : 1724 PORT ABBEY PLACE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 393,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,178.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,786.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.47800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,071,350.00
P & I AMT: 14,508.41
UPB AMT: 2,068,274.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 263
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031460348 MORTGAGORS: HUNT DONALD
HUNT MARIAN
REGION CODE ADDRESS : 41692 PARK AVENUE
01 CITY : BIG BEAR LAKE
STATE/ZIP : CA 92315
MORTGAGE AMOUNT : 70,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 69,887.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 471.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 250
LTV : 38.88800
----------------------------------------------------------------
0 0031460355 MORTGAGORS: MERRON KEITH
BENSON TINA
REGION CODE ADDRESS : 208 SPRING GROVE AVENUE
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,438.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,541.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.47300
----------------------------------------------------------------
0 0031460363 MORTGAGORS: KIM WOHN
KIM HELEN
REGION CODE ADDRESS : 3805 ROCK HAMPTON DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,278.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,031.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031460371 MORTGAGORS: FEATHERSTONE JOHN
FEATHERSTONE MARY
REGION CODE ADDRESS : 41 LA VISTA WAY
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 203,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 202,682.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,384.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 57.18300
----------------------------------------------------------------
0 0031460389 MORTGAGORS: GOLDREICH ZEEV
GOLDREICH REVITAL
REGION CODE ADDRESS : 4957 CANOGA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 154,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 153,764.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,063.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 49.67700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,245,000.00
P & I AMT: 8,493.47
UPB AMT: 1,243,051.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 264
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031460397 MORTGAGORS: ABERCROMBIE ERIC
REGION CODE ADDRESS : 875 VERONICA SPRINGS ROAD
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,542.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031460405 MORTGAGORS: COHEN BRIAN
COHEN DEBORAH
REGION CODE ADDRESS : 803 FUTURA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 254,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,911.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,756.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031460421 MORTGAGORS: FULGHAM STEVEN
HERMES ANGEL
REGION CODE ADDRESS : 24755 SAN VINCENT LANE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,642.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031460439 MORTGAGORS: FOSTER WILLIAM
FOSTER TERRI
REGION CODE ADDRESS : 18588 KAMANA ROAD
01 CITY : APPLE VALLEY
STATE/ZIP : CA 92307
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,811.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.89000
----------------------------------------------------------------
0 0031460447 MORTGAGORS: COATES MIKE
REGION CODE ADDRESS : 6641 WALTON DRIVE
01 CITY : GARDEN GROVE
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,577.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.78700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,308,300.00
P & I AMT: 9,058.53
UPB AMT: 1,306,486.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 265
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031460454 MORTGAGORS: HILLARD JOHN
HILLARD DEBRA
REGION CODE ADDRESS : 2466 NEW YORK DRIVE
01 CITY : ALTADENA (AREA)
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,532.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.48000
----------------------------------------------------------------
0 0031460488 MORTGAGORS: SALITURE JOHN
SALITURE HAZEL
REGION CODE ADDRESS : 9571 MONACO DRIVE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,762.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031460496 MORTGAGORS: SAMANIEGO CAROLINE
CAVE EVANGELINE
REGION CODE ADDRESS : 32728 ARTISTRY LOOP
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 285,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,864.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99506
----------------------------------------------------------------
0 0031460504 MORTGAGORS: OBERST DUANE
OBERST LISA
REGION CODE ADDRESS : 411 28TH STREET
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 552,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 551,891.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,677.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031460512 MORTGAGORS: DENHAM BRIAN
DENHAM LISA
REGION CODE ADDRESS : 3085 WINDMILL CANYON DRIVE
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 327,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,774.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,316.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99550
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,807,350.00
P & I AMT: 12,485.18
UPB AMT: 1,804,826.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 266
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031460538 MORTGAGORS: DURAN RAY
SALAZAR MARIANNE
REGION CODE ADDRESS : 6380 BERRYBUSH COURT
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 296,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,780.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,122.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98811
----------------------------------------------------------------
0 0031460546 MORTGAGORS: WEISS IRWIN
ALTHAUSEN FAY
REGION CODE ADDRESS : 1714 SOUTH CANFIELD AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90035
MORTGAGE AMOUNT : 353,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,487.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,498.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.47700
----------------------------------------------------------------
0 0031460553 MORTGAGORS: NASI MICHAEL
NASI THRESA
REGION CODE ADDRESS : 1901 MEADOWBROOK DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78703
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,587.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.73300
----------------------------------------------------------------
0 0031460637 MORTGAGORS: BURKE ANDREW
BURKE JENNIFER
REGION CODE ADDRESS : 93 HOLLOW TREE RIDGE ROAD
01 CITY : DARIEN
STATE/ZIP : CT 06820
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,704.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,312.39 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031460884 MORTGAGORS: CARL MICHAEL
CARL SUSAN
REGION CODE ADDRESS : 2836 EMERALD BAY DRIVE
01 CITY : DAVIS
STATE/ZIP : CA 95616
MORTGAGE AMOUNT : 259,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,093.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,770.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.21739
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,544,700.00
P & I AMT: 10,713.32
UPB AMT: 1,542,653.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 267
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031460926 MORTGAGORS: NAKASHIMA DAVID
HOLCK JADE
REGION CODE ADDRESS : 3118 HUELANI DRIVE
01 CITY : HONOLULU
STATE/ZIP : HI 96822
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,416.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,951.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031460942 MORTGAGORS: MARTINEZ MICHAEL
MARTINEZ NANCY
REGION CODE ADDRESS : 13812 229TH DRIVE SE
01 CITY : ISSAQUAH
STATE/ZIP : WA 98027
MORTGAGE AMOUNT : 313,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,997.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,112.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.41935
----------------------------------------------------------------
0 0031460967 MORTGAGORS: LEE MEI
GIACOMETTI JOEL
REGION CODE ADDRESS : 1318 STRAWBERRY COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 283,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,017.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.01200
----------------------------------------------------------------
0 0031460983 MORTGAGORS: GERACI MICHAEL
GERACI DANIELLE
REGION CODE ADDRESS : 8715 136TH STREET COURT N
01 CITY : HUGO
STATE/ZIP : MN 55038
MORTGAGE AMOUNT : 352,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,961.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,434.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031461049 MORTGAGORS: MOODY KURK
REGION CODE ADDRESS : 3662 EAST REDFIELD COURT
01 CITY : GILBERT
STATE/ZIP : AZ 85234
MORTGAGE AMOUNT : 319,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,974.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,233.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,680,900.00
P & I AMT: 11,689.74
UPB AMT: 1,678,367.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 268
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031461221 MORTGAGORS: DENEKA WILLIAM
DENEKA KAREN
REGION CODE ADDRESS : 126 E 7TH STREET
01 CITY : BEACH HAVEN
STATE/ZIP : NJ 08008
MORTGAGE AMOUNT : 300,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,598.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,207.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031461346 MORTGAGORS: BELKNAP RODNEY
BELKNAP EILEEN
REGION CODE ADDRESS : 1130 LOMITAS AVENUE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 296,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,786.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031461403 MORTGAGORS: NOTKIN DAVID
NOTKIN BETH
REGION CODE ADDRESS : 2 EDGEWOOD COURT
01 CITY : NORTH CALDWELL
STATE/ZIP : NJ 07006
MORTGAGE AMOUNT : 363,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,737.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,569.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.85000
----------------------------------------------------------------
0 0031461445 MORTGAGORS: FROMNICK STEPHEN
FROMNICK NANCY
REGION CODE ADDRESS : 1016 LAMBOURNE ROAD
01 CITY : BIRMINGHAM TWP., PA 19382
STATE/ZIP : PA 19382
MORTGAGE AMOUNT : 489,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 488,678.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,172.30 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.25600
----------------------------------------------------------------
0 0031461643 MORTGAGORS: BETTENCOURT BRENT
BETTENCOURT DENISE
REGION CODE ADDRESS : 2078 STRATTON ROAD
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,711.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,524.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.56900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,819,150.00
P & I AMT: 12,493.78
UPB AMT: 1,817,512.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 269
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031461684 MORTGAGORS: NAJA HUSNI
FREIJ RUBA
REGION CODE ADDRESS : 11902 PROFITT ESTATES COURT
01 CITY : OAK HILL
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,721.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031462146 MORTGAGORS: GILMOUR MARK
GILMOUR LISA
REGION CODE ADDRESS : 11118 WAGNER STREET
01 CITY : CULVER CITY
STATE/ZIP : CA 90230
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,817.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031462179 MORTGAGORS: MORRIS RICHARD
MORRIS JACQUELINE
REGION CODE ADDRESS : 4925 TARZANA WOODS DRIVE
01 CITY : TARZANA
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,703.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,592.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 54.28500
----------------------------------------------------------------
0 0031462377 MORTGAGORS: BAKER DWIGHT
BAKER ELVA
REGION CODE ADDRESS : 2100 FOX RIDGE DRIVE
01 CITY : PASADENA
STATE/ZIP : CA 91107
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,785.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031462419 MORTGAGORS: GARCIA JULIAN
GARCIA LIGIA
REGION CODE ADDRESS : 2398 GILLINGHAM CIRCLE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,805.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,527,000.00
P & I AMT: 10,565.88
UPB AMT: 1,524,834.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 270
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031462435 MORTGAGORS: WALTERS WILLIAM
WALTERS GRETCHEN
REGION CODE ADDRESS : 22285 BENNETT ROAD
01 CITY : SONORA
STATE/ZIP : CA 95370
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,575.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.52300
----------------------------------------------------------------
0 0031462443 MORTGAGORS: LEE JAMES
LEE SHARON
REGION CODE ADDRESS : 23419 RIDGEWAY
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,422.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,425.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.97795
----------------------------------------------------------------
0 0031462534 MORTGAGORS: DUBINKA STEVE
REGION CODE ADDRESS : 2626 E. ARIZONA BILTMORE CIRCLE #1
01 CITY : PHOENIX
STATE/ZIP : AZ 85016
MORTGAGE AMOUNT : 301,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,467.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,081.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 86.85800
----------------------------------------------------------------
0 0031462542 MORTGAGORS: FANNING MARK
FANNING VICTORIA
REGION CODE ADDRESS : 8614 NE 121ST PLACE
01 CITY : KIRKLAND
STATE/ZIP : WA 98034
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,529.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 61.60000
----------------------------------------------------------------
0 0031462559 MORTGAGORS: LANGLOTZ BENNET
REGION CODE ADDRESS : 2850 S.W. FAIRMOUNT BLVD
01 CITY : PORTLAND
STATE/ZIP : OR 97201
MORTGAGE AMOUNT : 354,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,968.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,615,800.00
P & I AMT: 11,148.89
UPB AMT: 1,611,963.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 271
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031462567 MORTGAGORS: BRUMLEY WALLACE
BRUMLEY MARGARET
REGION CODE ADDRESS : 3135 HIDDEN HAVEN
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78261
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,446.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031462609 MORTGAGORS: WAHL MICHAEL
PIETRZAK-WAHL JENNIFER
REGION CODE ADDRESS : 9784 NW CAXTON LANE
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 307,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,869.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,096.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031462625 MORTGAGORS: FAUSS NORRIS
FAUSS PAULINE
REGION CODE ADDRESS : 6230 E. HORSESHOE ROAD
01 CITY : PARADISE VALLEY
STATE/ZIP : AZ 85253
MORTGAGE AMOUNT : 510,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 508,582.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,697.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 61.44500
----------------------------------------------------------------
0 0031462641 MORTGAGORS: JOHNSON MARSHALL
THAYER-JOHNSON JANICE
REGION CODE ADDRESS : 17737 15TH AVENUE NW
01 CITY : SHORELINE
STATE/ZIP : WA 98177
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,595.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031462666 MORTGAGORS: YUEN JASON
YUEN JULIE
REGION CODE ADDRESS : 706-708 9TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94118
MORTGAGE AMOUNT : 511,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 510,780.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,401.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,827,550.00
P & I AMT: 12,620.40
UPB AMT: 1,824,274.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 272
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031462682 MORTGAGORS: SAYRE CASEY
SAYRE CAROL
REGION CODE ADDRESS : 18395 SW HORSE TALE DRIVE
01 CITY : BEAVERTON
STATE/ZIP : OR 97007
MORTGAGE AMOUNT : 487,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 486,218.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,281.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 62.43500
----------------------------------------------------------------
0 0031462708 MORTGAGORS: STEWART JOHN
REGION CODE ADDRESS : 2813 PEVERELL LANE
01 CITY : CHARLOTTE
STATE/ZIP : NC 28270
MORTGAGE AMOUNT : 238,446.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,749.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,687.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 86.70700
----------------------------------------------------------------
0 0031462716 MORTGAGORS: KIRKBRIDE ROBERT
KOBUKE JO ANN
REGION CODE ADDRESS : 1605 218TH COURT SOUTHEAST
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,584.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031462765 MORTGAGORS: YOUNG ALDIN
YOUNG MARCIA
REGION CODE ADDRESS : 3312 CORINNA
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,395.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,735.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031462773 MORTGAGORS: MORETTI LARRY
MORETTI SUSAN
REGION CODE ADDRESS : 2224 AMIRANTE DRIVE
01 CITY : SAN PEDRO AREA, LOS ANGEL
STATE/ZIP : CA 90732
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,230.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.04200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,720,446.00
P & I AMT: 11,813.15
UPB AMT: 1,717,178.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 273
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031462815 MORTGAGORS: GORKANI MOJGAN
REGION CODE ADDRESS : 108 GOLDMINE DRIVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,425.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031463086 MORTGAGORS: GROSSI MARK
GROSSI MARIE
REGION CODE ADDRESS : 23742 FITZGERALD STREET
01 CITY : WEST HILLS
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,792.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031463391 MORTGAGORS: BROWN MAX
BROWN PEGGY
REGION CODE ADDRESS : 2572 BAY POINTE DRIVE
01 CITY : WESTON
STATE/ZIP : FL 33327
MORTGAGE AMOUNT : 234,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,630.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,661.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031463557 MORTGAGORS: SMITH GLENN
MAINLAND NATHALIE
REGION CODE ADDRESS : 7 MARK PLACE
01 CITY : LARKSPUR
STATE/ZIP : CA 94904
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,764.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,300.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.32653
----------------------------------------------------------------
0 0031463797 MORTGAGORS: PERELI MARTHA
PERELI JULIUS
REGION CODE ADDRESS : 224-226 PLEASANT STREET
01 CITY : ARLINGTON
STATE/ZIP : MA 02174
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,674.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,185.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.26087
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,533,800.00
P & I AMT: 10,769.62
UPB AMT: 1,532,286.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 274
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031463888 MORTGAGORS: LEACH CHARLES
LEACH MAUREEN
REGION CODE ADDRESS : 380 CHICOPEE ROW
01 CITY : GROTON
STATE/ZIP : MA 01450
MORTGAGE AMOUNT : 268,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,664.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,949.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031463912 MORTGAGORS: SHORT NANCY
REGION CODE ADDRESS : 1555 KEITH DRIVE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,522.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,161.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.34100
----------------------------------------------------------------
0 0031463987 MORTGAGORS: KRAJACK TRACY
REGION CODE ADDRESS : 5322 MCCOMMAS BLVD
01 CITY : DALLAS
STATE/ZIP : TX 75206
MORTGAGE AMOUNT : 148,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 147,890.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,034.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031464142 MORTGAGORS: MICHELMAN GRACE
REGION CODE ADDRESS : 1929 NORTH ROSE STREET
01 CITY : BURBANK
STATE/ZIP : CA 91505
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,232.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031464332 MORTGAGORS: DIAZ CARLOS
DIAZ LUZ
REGION CODE ADDRESS : 634 TILGHMAN STREET
01 CITY : ALLENTOWN
STATE/ZIP : PA 18102
MORTGAGE AMOUNT : 25,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 25,184.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 193.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 989,050.00
P & I AMT: 6,916.28
UPB AMT: 987,494.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 275
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031464571 MORTGAGORS: PASCOE KEVIN
PASCOE SARA
REGION CODE ADDRESS : 560 CLARK HILL ROAD
01 CITY : NEW BOSTON
STATE/ZIP : NH 03070
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,692.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.75800
----------------------------------------------------------------
0 0031464670 MORTGAGORS: DOWDLE KATTY
DOWDLE ROBERT
REGION CODE ADDRESS : 3015 E SILVER HAWK DRIVE
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84121
MORTGAGE AMOUNT : 210,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 209,724.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,559.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 250
LTV : 62.68600
----------------------------------------------------------------
0 0031464720 MORTGAGORS: ELY MELINDA
REGION CODE ADDRESS : 174 FLEMING COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,610.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.04700
----------------------------------------------------------------
0 0031464779 MORTGAGORS: CRICHTON H
LOMBARDI JUDITH
REGION CODE ADDRESS : 1057 BEL MARIN KEYS BOULEVARD
01 CITY : NOVATO
STATE/ZIP : CA 94949
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,593.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031464829 MORTGAGORS: BARKLEY CHARLES
BARKLEY CATHERINE
REGION CODE ADDRESS : 1015 WOODWARD BLVD
01 CITY : TULSA
STATE/ZIP : OK 74114
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,167.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.36500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,503,000.00
P & I AMT: 10,669.98
UPB AMT: 1,499,787.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 276
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031464936 MORTGAGORS: AGUILAR JOHN
AGUILAR TERESA
REGION CODE ADDRESS : 326 PROSPECT AVENUE
01 CITY : MONROVIA
STATE/ZIP : CA 91016
MORTGAGE AMOUNT : 175,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 174,739.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,223.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 54.68700
----------------------------------------------------------------
0 0031464951 MORTGAGORS: CLINE PENELOPE
REGION CODE ADDRESS : 400 SOUTH FLOWER STREET# 14
01 CITY : ORANGE
STATE/ZIP : CA 92868
MORTGAGE AMOUNT : 90,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 89,866.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 629.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 69.23000
----------------------------------------------------------------
0 0031464985 MORTGAGORS: AGADJANIAN ARMINE
REGION CODE ADDRESS : 111 NORTH EVERETT STREET, UNIT #208
01 CITY : GLENDALE
STATE/ZIP : CA 91206
MORTGAGE AMOUNT : 71,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 71,146.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 504.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031464993 MORTGAGORS: LIBERMAN JAMES
GOODMAN JANET
REGION CODE ADDRESS : 7620 MARYLAND AVENUE
01 CITY : CLAYTON
STATE/ZIP : MO 63105
MORTGAGE AMOUNT : 236,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,347.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.62800
----------------------------------------------------------------
0 0031465008 MORTGAGORS: ASKARI ABDOLHOSSEIN
DOCTORSAFAIE SHAHLA
REGION CODE ADDRESS : 13880 STONEY GATE PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 186,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 185,716.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,284.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 74.40000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 758,950.00
P & I AMT: 5,296.92
UPB AMT: 757,815.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 277
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031465032 MORTGAGORS: HARRIS LEE
REGION CODE ADDRESS : 38679 GLENMOOR DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 303,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,524.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031465339 MORTGAGORS: KOLEV JAVOR
KOLEV HELENA
REGION CODE ADDRESS : 111 MURDOCK CREEK COURT
01 CITY : APEX
STATE/ZIP : NC 27502
MORTGAGE AMOUNT : 232,035.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,853.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,582.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031465370 MORTGAGORS: MORGAN MICHAEL
MORGAN RUTH
REGION CODE ADDRESS : 2504 HORSEMAN DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75025
MORTGAGE AMOUNT : 120,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 119,913.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 849.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031465396 MORTGAGORS: GIES SCOTT
REGION CODE ADDRESS : 4206 HOLLAND AVENUE
01 CITY : DALLAS
STATE/ZIP : TX 75219
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,056.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031465719 MORTGAGORS: GINGRAS MICHELE
SIMON JONATHAN
REGION CODE ADDRESS : 870 VIA DEL CASTILLE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,543.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,187,785.00
P & I AMT: 8,252.82
UPB AMT: 1,186,891.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 278
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031465792 MORTGAGORS: SOBEN ARTHUR
SOBEN PHYLLIS
REGION CODE ADDRESS : 222 SOUTH CARSON ROAD
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90211
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,707.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,973.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 48.99600
----------------------------------------------------------------
0 0031465867 MORTGAGORS: SHARMA ASHISH
SHARMA MONISH
REGION CODE ADDRESS : 6526 MARQUETTE DRIVE
01 CITY : BUENA PARK
STATE/ZIP : CA 90620
MORTGAGE AMOUNT : 267,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,191.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,824.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.97559
----------------------------------------------------------------
0 0031466204 MORTGAGORS: BATES PHILLIP
BATES NICOLE
REGION CODE ADDRESS : 5316 TRUMPINGTON COURT
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22315
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031466469 MORTGAGORS: FINE GARY
FINE KATHLEEN
REGION CODE ADDRESS : 5600 WHITNEY MILL WAY
01 CITY : ROCKVILLE
STATE/ZIP : MD 20852
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,585.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 92.30700
----------------------------------------------------------------
0 0031466477 MORTGAGORS: SHIPP DOUGLAS
SHIPP RACHELLE
REGION CODE ADDRESS : 135 LOCKWOOD LANE
01 CITY : PLEASANT HILL
STATE/ZIP : CA 94523
MORTGAGE AMOUNT : 248,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,225.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,500,100.00
P & I AMT: 10,638.52
UPB AMT: 1,498,509.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 279
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031466485 MORTGAGORS: BLAKE KENNETH
BLAKE VENITA
REGION CODE ADDRESS : 1508 OAK DRIVE
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,565.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,370.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 88.49300
----------------------------------------------------------------
0 0031466626 MORTGAGORS: TUCHSCHERER TODD
REID KATHLEEN
REGION CODE ADDRESS : 1423 SANTIAGO DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,726.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 56.69200
----------------------------------------------------------------
0 0031466667 MORTGAGORS: SMALL ARTHUR
SMALL SHARON
REGION CODE ADDRESS : 1515 CASTILLEJA AVENUE
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,288.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,468.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 49.00000
----------------------------------------------------------------
0 0031466915 MORTGAGORS: LOPEZ MARIA
REGION CODE ADDRESS : 18266 SW 139 COURT
01 CITY : MIAMI
STATE/ZIP : FL 33177
MORTGAGE AMOUNT : 83,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 83,042.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 602.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98000
----------------------------------------------------------------
0 0031467269 MORTGAGORS: HALL PAUL
HALL KAREN
REGION CODE ADDRESS : 30 WOLFE GLEN WAY
01 CITY : KENTFIELD
STATE/ZIP : CA 94904
MORTGAGE AMOUNT : 649,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,932.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,433.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.28000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,906,050.00
P & I AMT: 13,361.04
UPB AMT: 1,903,555.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 280
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031467277 MORTGAGORS: VACCA NICOLA
VACCA LAURA
REGION CODE ADDRESS : 4 SHIREWOOD ROAD
01 CITY : SCOTCH PLAINS
STATE/ZIP : NJ 07076
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,783.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.08200
----------------------------------------------------------------
0 0031467293 MORTGAGORS: JONES LESLIE
COOPER STEVEN
REGION CODE ADDRESS : 94 MUNSON ROAD
01 CITY : PLEASANTVILLE
STATE/ZIP : NY 10570
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,732.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,431.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031467301 MORTGAGORS: JUDGE JAMES
JUDGE LACY
REGION CODE ADDRESS : 8894 GLASSFORD COURT NORTH
01 CITY : DUBLIN
STATE/ZIP : OH 43017
MORTGAGE AMOUNT : 233,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,317.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,592.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.83300
----------------------------------------------------------------
0 0031467418 MORTGAGORS: VIGNOLA PHILIP
VIGNOLA BAMBI
REGION CODE ADDRESS : 3 STRAWBERRY KNOLL COURT
01 CITY : FORT SALONGA
STATE/ZIP : NY 11768
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,081.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,526.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.00000
----------------------------------------------------------------
0 0031467707 MORTGAGORS: SAXBY ROBERT
SAXBY LOIS
REGION CODE ADDRESS : 2816 WAKE ISLAND DR
01 CITY : JOLIET
STATE/ZIP : IL 60435
MORTGAGE AMOUNT : 124,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 124,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 830.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 86.13793
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,352,400.00
P & I AMT: 9,350.29
UPB AMT: 1,350,814.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 281
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031467780 MORTGAGORS: SMITH MARC
MAITLAND SUZANNE
REGION CODE ADDRESS : 2004 CHARRWOOD WAY
01 CITY : MARIETTA
STATE/ZIP : GA 30062
MORTGAGE AMOUNT : 282,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,523.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,904.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031467905 MORTGAGORS: DORAN PETER
REGION CODE ADDRESS : 92 GORDON STREET UNIT#301
01 CITY : BRIGHTON
STATE/ZIP : MA 02135
MORTGAGE AMOUNT : 118,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 118,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 800.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031468572 MORTGAGORS: PECK RONALD
PECK JANE
REGION CODE ADDRESS : 14504 OUTLOOK
01 CITY : OVERLAND PARK
STATE/ZIP : KS 66223
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,543.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031468820 MORTGAGORS: GILBERT STAN
GILBERT RITA
REGION CODE ADDRESS : 9510 FALCON RIDGE
01 CITY : LENEXA
STATE/ZIP : KS 66220
MORTGAGE AMOUNT : 243,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,000.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,618.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031469331 MORTGAGORS: SANDERS HOWARD
LIEBERMAN-SANDERS ZOE
REGION CODE ADDRESS : 9624 HEATHER ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 522,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 518,603.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,652.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.30000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,437,850.00
P & I AMT: 9,845.72
UPB AMT: 1,433,421.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 282
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031469539 MORTGAGORS: SYLVESTER GLENN
SYLVESTER NIDA
REGION CODE ADDRESS : 659 WYANDOTTE AVENUE
01 CITY : DALY CITY
STATE/ZIP : CA 94014
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,600.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.93700
----------------------------------------------------------------
0 0031469588 MORTGAGORS: STILLMAN SCOTT
STILLMAN CATHERINE
REGION CODE ADDRESS : 110 WEST 30TH AVENUE
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,567.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.60500
----------------------------------------------------------------
0 0031469596 MORTGAGORS: JARNAGIN PATRICK
JARNAGIN CARMEN
REGION CODE ADDRESS : 447 ADAMS WAY
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,981.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 38.23100
----------------------------------------------------------------
0 0031469679 MORTGAGORS: MU JIANXIONG
BEI YUQING
REGION CODE ADDRESS : 15 REVERE DRIVE
01 CITY : BEDMINISTER
STATE/ZIP : NJ 07921
MORTGAGE AMOUNT : 359,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,051.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,483.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031469703 MORTGAGORS: SILHAVY JAN
SILHAVY JOSEPH
REGION CODE ADDRESS : 321 HEDGEPOCKET WAY
01 CITY : REISTERSTOWN
STATE/ZIP : MD 21136
MORTGAGE AMOUNT : 278,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,077.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,874.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,471,900.00
P & I AMT: 10,124.33
UPB AMT: 1,468,277.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 283
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031469711 MORTGAGORS: YAMOUT KHALED
MARTINEZ-YAMOUT MARIA
REGION CODE ADDRESS : 7916 CORTE CARDO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 346,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,558.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,361.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.89600
----------------------------------------------------------------
0 0031469737 MORTGAGORS: MCDONALD JACK
MCDONALD KAREN
REGION CODE ADDRESS : 8116 EAST BAILEY WAY
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,572.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031469745 MORTGAGORS: GILIBERTO JOSEPH
REGION CODE ADDRESS : 828 SOUTH COTTONTAIL LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,792.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031469760 MORTGAGORS: SCHUMAN MICHAEL
MEMBRENO LINDA
REGION CODE ADDRESS : 23715 CAMINO HERMOSO
01 CITY : LOS ALTOS HILLS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,032.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,544.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 38.23500
----------------------------------------------------------------
0 0031469786 MORTGAGORS: LIANG WARREN
LIANG CATHY
REGION CODE ADDRESS : 3 TWIN BRANCH
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 402,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 401,488.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,675.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99323
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,938,250.00
P & I AMT: 13,266.99
UPB AMT: 1,935,444.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 284
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031469810 MORTGAGORS: REEDER STEVEN
CROSS KENNETH
REGION CODE ADDRESS : 185 BONVIEW STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94110
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,559.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.93600
----------------------------------------------------------------
0 0031469893 MORTGAGORS: LISTON JAMES
LISTON LISA
REGION CODE ADDRESS : 19 MAURIELLO DRIVE
01 CITY : STONEHAM
STATE/ZIP : MA 02180
MORTGAGE AMOUNT : 310,410.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,155.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,065.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031469984 MORTGAGORS: LEW VIRGINIA
REGION CODE ADDRESS : 1758 LEIMERT BOULEVARD
01 CITY : OAKLAND
STATE/ZIP : CA 94602
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,608.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 58.13900
----------------------------------------------------------------
0 0031470073 MORTGAGORS: MICHAEL MARK
REGION CODE ADDRESS : 648 W. BELDEN UNIT C & P-1
01 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 233,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
0 0031470081 MORTGAGORS: NOBLE CARMAN
NOBLE THERESA
REGION CODE ADDRESS : 28 WHIPPOORWILL ROAD
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 256,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,747.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.99000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,346,510.00
P & I AMT: 9,243.55
UPB AMT: 1,345,223.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 285
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031470131 MORTGAGORS: OHANIAN JACK
OHANIAN MICHELE
REGION CODE ADDRESS : 4208 EAST FITZGERALD AVENUE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 454,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,387.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,296.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.77100
----------------------------------------------------------------
0 0031470156 MORTGAGORS: TIETZ GERALD
TIETZ PAMELA
REGION CODE ADDRESS : 1320 CONAN DOYLE ROAD
01 CITY : NAPERVILLE
STATE/ZIP : IL 60564
MORTGAGE AMOUNT : 133,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 133,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 884.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 45.54794
----------------------------------------------------------------
0 0031470537 MORTGAGORS: SABEAN DAVID
SABEAN RUTH
REGION CODE ADDRESS : 2181 BASIL LANE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 384,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,192.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,590.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 85.44444
----------------------------------------------------------------
0 0031470552 MORTGAGORS: ALLEN LORI
ALLEN TRACY
REGION CODE ADDRESS : 17210 WUNDER HILL
01 CITY : SPRING
STATE/ZIP : TX 77379
MORTGAGE AMOUNT : 195,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 195,758.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,386.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031470644 MORTGAGORS: KERN KARL
KERN STEFFI
REGION CODE ADDRESS : 3016 E DESERT BROOM WAY
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,780.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.89400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,464,100.00
P & I AMT: 10,228.46
UPB AMT: 1,463,118.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 286
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031470834 MORTGAGORS: NICKASON JAMES
NICKASON KATHRYN
REGION CODE ADDRESS : 21 FOREST DRIVE
01 CITY : MANSFIELD
STATE/ZIP : TX 76063
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,753.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.00000
----------------------------------------------------------------
0 0031470925 MORTGAGORS: JOHNSON FRANKLIN
JOHNSON SUSAN
REGION CODE ADDRESS : 4702 NORTH WASHINGTON ROAD
01 CITY : FORT WAYNE
STATE/ZIP : IN 46804
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,830.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031470974 MORTGAGORS: MALIN STEVE
MALIN REBECCA
REGION CODE ADDRESS : 25111 SOUTHWIND COURT
01 CITY : NEWHALL
STATE/ZIP : CA 91381
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.28571
----------------------------------------------------------------
0 0031470990 MORTGAGORS: AZIZIAN HAMLET
REGION CODE ADDRESS : 11144 COLLETT AVENUE
01 CITY : GRANADA HILLS
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 128,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 127,794.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 862.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031471022 MORTGAGORS: KLEIN MARK
KLEIN RENEE
REGION CODE ADDRESS : 18707 NORDHOFF STREET
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91324
MORTGAGE AMOUNT : 175,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 175,211.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,167.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.77272
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,153,500.00
P & I AMT: 7,965.28
UPB AMT: 1,152,373.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 287
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031471162 MORTGAGORS: LOMBARDI ANDREA
REGION CODE ADDRESS : 3601 SAUSALITO DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,668.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,899.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 53.12500
----------------------------------------------------------------
0 0031471303 MORTGAGORS: ELIAS JON
ELIAS HOLLY
REGION CODE ADDRESS : 28072 NORTH LIANA LANE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 278,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,188.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031471469 MORTGAGORS: BERAL SHARA
WITKIN DAVID
REGION CODE ADDRESS : 24 SANTA CATALINA AISLE
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,804.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.18400
----------------------------------------------------------------
0 0031471501 MORTGAGORS: ROSSITER WILLIAM
ROSSITER AMY
REGION CODE ADDRESS : 4 HILLSIDE COURT
01 CITY : DARIEN
STATE/ZIP : CT 06820
MORTGAGE AMOUNT : 302,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031471618 MORTGAGORS: CHAMPAS MILTON
CHAMPAS BETTY
REGION CODE ADDRESS : 3199 WEST LAKE BOULEVARD
01 CITY : TAHOE CITY
STATE/ZIP : CA 96145
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,569.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,559,800.00
P & I AMT: 10,794.02
UPB AMT: 1,558,631.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 288
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031471717 MORTGAGORS: ARMSTRONG BRENT
ARMSTRONG SUSAN
REGION CODE ADDRESS : 400 WOOD DUCK LANE
01 CITY : MCKINNEY
STATE/ZIP : TX 75070
MORTGAGE AMOUNT : 337,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,849.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,357.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031471790 MORTGAGORS: TOBIN PAUL
TOBIN LYNNE
REGION CODE ADDRESS : 114 RIVERTON PLACE
01 CITY : EDGEWATER
STATE/ZIP : MD 21037
MORTGAGE AMOUNT : 263,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,149.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,818.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.98600
----------------------------------------------------------------
0 0031471816 MORTGAGORS: MCKAY WENDELL
MCKAY KIMBERLY
REGION CODE ADDRESS : 3001 CLUSTER PINES COURT
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21042
MORTGAGE AMOUNT : 283,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,884.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,955.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031471824 MORTGAGORS: SOMERVILLE SCOTT
SOMERVILLE MARCIA
REGION CODE ADDRESS : 17923 TERI DRIVE
01 CITY : DERWOOD
STATE/ZIP : MD 20855
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,789.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.99500
----------------------------------------------------------------
0 0031471899 MORTGAGORS: YORK THOMAS
YORK NANCY
REGION CODE ADDRESS : 24653 NORTH 116TH STREET
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 238,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,568.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,648.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 81.82400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,405,300.00
P & I AMT: 9,759.01
UPB AMT: 1,404,242.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 289
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031471956 MORTGAGORS: MIYAMURA MELVIN
REGION CODE ADDRESS : 3398 A KALIHI STREET
01 CITY : HONOLULU
STATE/ZIP : HI 96819
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031472350 MORTGAGORS: GREEN MICHAEL
GREEN LINDA
REGION CODE ADDRESS : 129 BLACKSTONE DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 339,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,335.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,316.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031472624 MORTGAGORS: BRANNIS THOMAS
REGION CODE ADDRESS : 526 JOHN STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,758.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 22.41300
----------------------------------------------------------------
0 0031472723 MORTGAGORS: BAUMANN JOSEPH
BAUMANN KATHLEEN
REGION CODE ADDRESS : 4 ESTELLE PLACE
01 CITY : CRANFORD
STATE/ZIP : NJ 07016
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,797.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031473036 MORTGAGORS: BENSINGER TYLER
BENSINGER SARAH
REGION CODE ADDRESS : 4864 AMBROSE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90027
MORTGAGE AMOUNT : 352,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,588.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,467.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.89800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,585,450.00
P & I AMT: 11,076.58
UPB AMT: 1,584,479.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 290
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031473127 MORTGAGORS: SQUITIER JUDD
HUX JACQUELIN
REGION CODE ADDRESS : 8313 KINGS RIDGE COURT
01 CITY : SPRINGFIELD
STATE/ZIP : VA 22153
MORTGAGE AMOUNT : 308,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,532.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,211.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031473325 MORTGAGORS: SCHUCH MARTIN
SCHUCH CAROL
REGION CODE ADDRESS : 311 OVERLOOK DRIVE
01 CITY : LUTHERVILLE-TIMONIUM
STATE/ZIP : MD 21093
MORTGAGE AMOUNT : 320,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,956.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,211.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 82.10256
----------------------------------------------------------------
0 0031473432 MORTGAGORS: KELLNER CHRIS
KELLNER JUDITH
REGION CODE ADDRESS : 409 MEADOWCREEK ROAD
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,798.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 69.10100
----------------------------------------------------------------
0 0031473531 MORTGAGORS: TOBEY THOMAS
TOBEY KAREN
REGION CODE ADDRESS : 59 WEST PORTOLA AVENUE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,723.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,414.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.03400
----------------------------------------------------------------
0 0031473598 MORTGAGORS: TOUSERKANI SAEED
TOUSERKANI INNESSA
REGION CODE ADDRESS : 5635 RAMARA (WOODLAND HILLS AREA)
01 CITY : LOS ANGLEES
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,760.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 87.50000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,543,950.00
P & I AMT: 10,650.66
UPB AMT: 1,542,770.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 291
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031473838 MORTGAGORS: POWERS JOSEPH
KELLY-POWERS SUSAN
REGION CODE ADDRESS : 15375 STANBURRY CURVE
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 323,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,147.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,206.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.36800
----------------------------------------------------------------
0 0031473911 MORTGAGORS: ANDERSON MICHAEL
DOWN ANITA
REGION CODE ADDRESS : 10985 NORTH 60TH STREET
01 CITY : OMAHA
STATE/ZIP : NE 68152
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,397.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 83.15700
----------------------------------------------------------------
0 0031473994 MORTGAGORS: MCGRANN WILLIAM
MCGRANN JUDITH
REGION CODE ADDRESS : 33 SUMMIT PLACE
01 CITY : MINNEAPOLIS
STATE/ZIP : MN 55403
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,285.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,356.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031474042 MORTGAGORS: WORICK RICHARD
WORICK CARMEN
REGION CODE ADDRESS : 9730 FIELDCREST DRIVE
01 CITY : OMAHA
STATE/ZIP : NE 68114
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,765.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031474091 MORTGAGORS: MAIDEN MICHAEL
MAIDEN VICKY
REGION CODE ADDRESS : 4186 SE BETHESDA COURT
01 CITY : GRESHAM
STATE/ZIP : OR 97080
MORTGAGE AMOUNT : 340,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,355.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,412.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.43200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,839,250.00
P & I AMT: 12,749.61
UPB AMT: 1,836,951.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 292
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031474133 MORTGAGORS: PROCTOR MARK
PROCTOR LINDA
REGION CODE ADDRESS : 346 N MERAMEC AVENUE
01 CITY : ST LOUIS
STATE/ZIP : MO 63105
MORTGAGE AMOUNT : 492,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 491,535.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,484.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.82700
----------------------------------------------------------------
0 0031474141 MORTGAGORS: SILVERS ARTHUR
SILVERS GWENNE
REGION CODE ADDRESS : 134 LARCHMONT WAY
01 CITY : DANVILLE
STATE/ZIP : VA 24541
MORTGAGE AMOUNT : 330,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,169.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 57.51300
----------------------------------------------------------------
0 0031474190 MORTGAGORS: ARONSON DONALD
ARONSON TERRIE
REGION CODE ADDRESS : 1809 WESTWIND DRIVE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89102
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,552.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031474547 MORTGAGORS: OSMAN LESLIE
OSMAN LAURA
REGION CODE ADDRESS : 4439 LYNFIELD LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 249,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,414.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,745.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031474588 MORTGAGORS: KLEIN ELLIOT
REGION CODE ADDRESS : 2063 DAVIES WAY
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,820.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.57100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,605,550.00
P & I AMT: 11,156.70
UPB AMT: 1,603,492.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 293
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031474620 MORTGAGORS: SEYMOUR MICHAEL
REGION CODE ADDRESS : 4250 FLINTLOCK LANE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 208,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 208,652.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,495.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031474646 MORTGAGORS: TAKESHIGE CRAIG
REGION CODE ADDRESS : 671 LONE EAGLE ROAD
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 179,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 178,867.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,251.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.17000
----------------------------------------------------------------
0 0031474695 MORTGAGORS: ARQUILLA JAMES
ARQUILLA MARGARET
REGION CODE ADDRESS : 32 SAN RAPHAEL
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 214,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 213,815.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,388.00 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 59.03400
----------------------------------------------------------------
0 0031474729 MORTGAGORS: DURAN CURTIS
WALLACE CHERYL
REGION CODE ADDRESS : 7772 BARN HOLLOW COURT
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,616.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,941.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.77900
----------------------------------------------------------------
0 0031474844 MORTGAGORS: OWEN MATTHEW
OWEN MARIANNE
REGION CODE ADDRESS : 3033 TRUDI LANE
01 CITY : BURBANK
STATE/ZIP : CA 91504
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,821.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.78300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,107,800.00
P & I AMT: 7,700.03
UPB AMT: 1,106,772.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 294
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031475692 MORTGAGORS: VAN DEWEEL CHARLES
VAN DEWEEL NANCIE
REGION CODE ADDRESS : 8414 PORTSMOUTH DRIVE
01 CITY : ROWLETT
STATE/ZIP : TX 75088
MORTGAGE AMOUNT : 111,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 111,814.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 772.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031475999 MORTGAGORS: MANN HENRIK
MANN CHARLOTTE
REGION CODE ADDRESS : 216 BERKSHIRE COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,565.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,825.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.55072
----------------------------------------------------------------
0 0031476096 MORTGAGORS: SCORZA ALDO
SCORZA JANE
REGION CODE ADDRESS : 52 BRITTANIA DR #52
01 CITY : DANBURY
STATE/ZIP : CT 06810
MORTGAGE AMOUNT : 78,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 78,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 565.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 35.77900
----------------------------------------------------------------
0 0031476351 MORTGAGORS: NYBERG GREGG
NYBERG GINA
REGION CODE ADDRESS : 6 THORNDIKE ROAD
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01845
MORTGAGE AMOUNT : 213,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 213,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,458.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031476856 MORTGAGORS: GREENBURG RONALD
GREENBURG HELEN
REGION CODE ADDRESS : 808 & 810 NORTH KILKEA DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,381.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 88.40500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 979,650.00
P & I AMT: 6,860.34
UPB AMT: 978,512.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 295
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031476922 MORTGAGORS: WHITE MICHAEL
FAIRBANKS-WHITE MOLLY
REGION CODE ADDRESS : 1018 23RD STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,294.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,964.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.68900
----------------------------------------------------------------
0 0031476955 MORTGAGORS: BOUNDY WILLIAM
BOUNDY JEAN
REGION CODE ADDRESS : 26 RIDERS RUN
01 CITY : NEWTOWN SQUARE
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 275,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,200.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,949.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.76700
----------------------------------------------------------------
0 0031477169 MORTGAGORS: BOUCHER GREGG
BOUCHER DENISE
REGION CODE ADDRESS : 1882 EAST OAK CREEK CIRCLE
01 CITY : FRESNO
STATE/ZIP : CA 93720
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,392.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,750.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031477193 MORTGAGORS: HECK JEFFREY
HECK ROBERTA
REGION CODE ADDRESS : 248 EDGEHILL DRIVE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,155.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,618.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.03300
----------------------------------------------------------------
0 0031477904 MORTGAGORS: DIEHL THOMAS
DIEHL STACY
REGION CODE ADDRESS : 6 WARBLER COURT
01 CITY : NEWARK
STATE/ZIP : DE 19711
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,571.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.92900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,623,400.00
P & I AMT: 11,295.56
UPB AMT: 1,620,613.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 296
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031477912 MORTGAGORS: BROCK SUSAN
FAHS MICHAEL
REGION CODE ADDRESS : 43314 BANDA TERRACE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 273,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,050.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99110
----------------------------------------------------------------
0 0031478134 MORTGAGORS: SMITH SCOTT
SMITH SHELLI
REGION CODE ADDRESS : 545 VISTA FLORA
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 270,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,186.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,835.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.20000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.20000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031478613 MORTGAGORS: BELEW MARK
BELEW JUDY
REGION CODE ADDRESS : 1390 REGENCY ESTATES COURT
01 CITY : ST. LOUIS
STATE/ZIP : MO 63141
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,374.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,936.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.33632
----------------------------------------------------------------
0 0031478621 MORTGAGORS: KRACKE COREY
KRACKE KIMBERLY
REGION CODE ADDRESS : 147 WENTWORTH DRIVE
01 CITY : HENDERSON
STATE/ZIP : NV 89014
MORTGAGE AMOUNT : 305,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,610.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031478654 MORTGAGORS: KOEHN EVERETT
REGION CODE ADDRESS : 13412 NE 120TH ST.
01 CITY : KEARNEY
STATE/ZIP : MO 64060
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,486.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.01234
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,589,000.00
P & I AMT: 10,803.17
UPB AMT: 1,586,709.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 297
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031478720 MORTGAGORS: HARLAN JOHN
HARLAN KATHLEEN
REGION CODE ADDRESS : 12800 TOPPING ACRES STREET
01 CITY : ST. LOUIS
STATE/ZIP : MO 63131
MORTGAGE AMOUNT : 407,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,525.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,278.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.00000
----------------------------------------------------------------
0 0031478860 MORTGAGORS: STROMBERG RICHARD
HOWETT STROMBERG PAMELA
REGION CODE ADDRESS : 609 IRVIN AVENUE
01 CITY : DEALE
STATE/ZIP : MD 20751
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,556.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.41100
----------------------------------------------------------------
0 0031478886 MORTGAGORS: KOENTOPP JULI
REGION CODE ADDRESS : 9534 MARINA VALLEY AVENUE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89117
MORTGAGE AMOUNT : 318,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,801.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,171.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.98922
----------------------------------------------------------------
0 0031478951 MORTGAGORS: DOVE GEORGE
DOVE BARBARA
REGION CODE ADDRESS : 1467 CARRIAGE CROSSING LANE
01 CITY : CHESTERFIELD
STATE/ZIP : MO 63005
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,633.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031478969 MORTGAGORS: SUTTER PAUL
SUTTER HEIDI
REGION CODE ADDRESS : 2038 KILMONACK LANE
01 CITY : CHARLOTTE
STATE/ZIP : NC 28270
MORTGAGE AMOUNT : 250,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,008.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,485,700.00
P & I AMT: 10,612.25
UPB AMT: 1,482,525.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 298
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031479009 MORTGAGORS: TUCKER R
TUCKER ELAINE
REGION CODE ADDRESS : 7755 MOHAWK PLACE
01 CITY : ST LOUIS
STATE/ZIP : MO 63105
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,183.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,327.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.40700
----------------------------------------------------------------
0 0031479017 MORTGAGORS: SMALLWOOD BRADLEY
SMALLWOOD KIMBERLY
REGION CODE ADDRESS : 15565 SE 67TH PLACE
01 CITY : BELLEVUE
STATE/ZIP : WA 98006
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,553.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.93200
----------------------------------------------------------------
0 0031479025 MORTGAGORS: ROGERS MICHAEL
MC BRIDE LINDA
REGION CODE ADDRESS : 6395 BOLT COURT
01 CITY : NEWCASTLE
STATE/ZIP : CA 95658
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,230.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,313.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.52600
----------------------------------------------------------------
0 0031479058 MORTGAGORS: RIFLEMAN GREGORY
RIFLEMAN NANCY
REGION CODE ADDRESS : N6611 1313TH ST
01 CITY : PRESCOTT
STATE/ZIP : WI 54021
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,535.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.55555
----------------------------------------------------------------
0 0031479108 MORTGAGORS: PAXTON ROGERS
PAXTON RITA
REGION CODE ADDRESS : 1030 NORTH BONNEVILLE DRIVE
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84103
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,459.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,444.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.52600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,630,000.00
P & I AMT: 11,283.63
UPB AMT: 1,626,963.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 299
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031479116 MORTGAGORS: GUTIERREZ JON
GUTIERREZ KELLY
REGION CODE ADDRESS : 2627 OVERLOOK AVE NO
01 CITY : STILLWATER
STATE/ZIP : MN 55082
MORTGAGE AMOUNT : 348,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,241.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,436.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.36800
----------------------------------------------------------------
0 0031479124 MORTGAGORS: PRESTON WALTER
SOMMER-PRESTON CARMEN
REGION CODE ADDRESS : 2227 OCASO CAMIN0
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,418.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 50.66600
----------------------------------------------------------------
0 0031479181 MORTGAGORS: LUCAS DENNIS
LUCAS SUSAN
REGION CODE ADDRESS : 950 PARKHILL DRIVE
01 CITY : BOISE
STATE/ZIP : ID 83702
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,033.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,108.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031479249 MORTGAGORS: SMITH SAMUEL
SMITH NANCY
REGION CODE ADDRESS : 4501 RIDGEFIELD LANE
01 CITY : LITTLE ROCK
STATE/ZIP : AR 72211
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,681.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,783.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.26100
----------------------------------------------------------------
0 0031479322 MORTGAGORS: WILLIAMS JAMES
MULLIGAN SHEILA
REGION CODE ADDRESS : 14027 235TH STREET SOUTHEAST
01 CITY : SNOHOMISH
STATE/ZIP : WA 98296
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,477.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,629.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,705,500.00
P & I AMT: 11,839.99
UPB AMT: 1,702,853.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 300
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031479355 MORTGAGORS: VALLETTA ROBERT
WAGGONER KAY
REGION CODE ADDRESS : 9342 PURDY LANE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 333,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,253.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,333.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031479397 MORTGAGORS: DUFFEY TIMOTHY
DUFFEY KAREN
REGION CODE ADDRESS : 9791 WEDDINGTON CIRCLE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,493.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.96700
----------------------------------------------------------------
0 0031479405 MORTGAGORS: WOOD JOHN
WOOD TONYA
REGION CODE ADDRESS : 1015 BORRETTE LANE
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 619,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 618,007.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,170.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 250
LTV : 77.37500
----------------------------------------------------------------
0 0031479439 MORTGAGORS: EHLER DALE
EHLER GAYLE
REGION CODE ADDRESS : 810 COBBLESTONE PLACE
01 CITY : YAKIMA
STATE/ZIP : WA 98908
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,128.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031479454 MORTGAGORS: VALDEZ ANTONIO
VALDEZ CRISTINA
REGION CODE ADDRESS : 441 TROWBRIDGE LANE
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,564.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.28900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,847,250.00
P & I AMT: 12,800.95
UPB AMT: 1,844,445.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 301
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031479462 MORTGAGORS: HAIRSTON RICHARD
HOUCK SANDRA
REGION CODE ADDRESS : 1112 LA GRANDE AVE
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,135.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,384.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 50.77700
----------------------------------------------------------------
0 0031479678 MORTGAGORS: JUNDANIAN GREGORY
NERSESSIAN SETA
REGION CODE ADDRESS : 439 GAY STREET
01 CITY : WESTWOOD
STATE/ZIP : MA 02090
MORTGAGE AMOUNT : 624,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 624,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,309.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 56.72700
----------------------------------------------------------------
0 0031480981 MORTGAGORS: BRADLEY DAVID
BRADLEY ROSEMARY
REGION CODE ADDRESS : 902 RED COAT FARM DRIVE
01 CITY : WARRINGTON TOWNSHIP
STATE/ZIP : PA 18914
MORTGAGE AMOUNT : 251,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,622.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99400
----------------------------------------------------------------
0 0031481476 MORTGAGORS: MCCLAIN THOMAS
MCCLAIN TERRI
REGION CODE ADDRESS : 5065 E U.S. HIGHWAY 36
01 CITY : URBANA
STATE/ZIP : OH 43078
MORTGAGE AMOUNT : 243,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,627.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,659.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031481757 MORTGAGORS: RAVAS ALLEN
RAVAS TERRY
REGION CODE ADDRESS : 327 WYNGATE DRIVE
01 CITY : ROCHESTER HILLS
STATE/ZIP : MI 48307
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,203.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,223.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.15700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,939,000.00
P & I AMT: 13,380.38
UPB AMT: 1,936,588.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 302
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031481781 MORTGAGORS: WIMMER JEFFREY
REGION CODE ADDRESS : 434 WATERBURY HILL ROAD
01 CITY : LAGRANGEVILLE
STATE/ZIP : NY 12540
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,603.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.20800
----------------------------------------------------------------
0 0031481823 MORTGAGORS: BARR STEVEN
SCHOOLER HEATHER
REGION CODE ADDRESS : 247 LEAR STREET
01 CITY : COLUMBUS
STATE/ZIP : OH 43206
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,456.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,031.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.58800
----------------------------------------------------------------
0 0031481872 MORTGAGORS: GIMMARRO THOMAS
GIMMARRO MARCIA
REGION CODE ADDRESS : 7280 VINTAGE DRIVE
01 CITY : ANN ARBOR
STATE/ZIP : MI 48105
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,797.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 58.65300
----------------------------------------------------------------
0 0031481922 MORTGAGORS: CASTAGNO AMEDEO
STANFIELD JOAN
REGION CODE ADDRESS : 1615 ARROWHEAD DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,775.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031482201 MORTGAGORS: WALTER GREGORY
WALTER TARA
REGION CODE ADDRESS : 387 JELLIFF MILL ROAD
01 CITY : NEW CANAAN
STATE/ZIP : CT 06840
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,732.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,517.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.45700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,420,500.00
P & I AMT: 9,942.76
UPB AMT: 1,417,365.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 303
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031482334 MORTGAGORS: GAITHER TODD
GAITHER ELIZABETH
REGION CODE ADDRESS : 1963 CRONWELL DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,786.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031482433 MORTGAGORS: MAYNARD DONOTHA
MAYNARD GARLAND
REGION CODE ADDRESS : 618 CENTRAL AVENUE
01 CITY : FILLMORE
STATE/ZIP : CA 93015
MORTGAGE AMOUNT : 102,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 102,331.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 681.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.76600
----------------------------------------------------------------
0 0031482474 MORTGAGORS: MULBARGER WILLIAM
MULBARGER LINDA
REGION CODE ADDRESS : 801 KATHERINES RIDGE LANE
01 CITY : COLUMBUS
STATE/ZIP : OH 43235
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,539.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 81.66600
----------------------------------------------------------------
0 0031482532 MORTGAGORS: BAYER GREGORY
BAYER CRYSTAL
REGION CODE ADDRESS : 6 TACONIC VIEW CT.
01 CITY : LAGRANGEVILLE
STATE/ZIP : NY 12540
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,310.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,121.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031482714 MORTGAGORS: SEMAN RONALD
SEMAN JILL
REGION CODE ADDRESS : 1140 EAST COMSTOCK AVENUE
01 CITY : GLENDORA
STATE/ZIP : CA 91741
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,694.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,381.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,336,500.00
P & I AMT: 9,204.48
UPB AMT: 1,334,662.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 304
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031483332 MORTGAGORS: MICKAEL PETER
MICKAEL EMILY
REGION CODE ADDRESS : 519 FERNLEAF AVENUE UNIT A
01 CITY : CORONA DEL MAR AREA
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,665.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,038.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.32800
----------------------------------------------------------------
0 0031483589 MORTGAGORS: MORGAN PHILIP
MORGAN CONNIE
REGION CODE ADDRESS : 845 MIRANDA CREEK COURT
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 540,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 539,599.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,775.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031483811 MORTGAGORS: HOULIHAN THOMAS
HOULIHAN NORA
REGION CODE ADDRESS : 32822 LARKGROVE CIRCLE
01 CITY : TRABUCO CANYON (AREA)
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,756.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.81100
----------------------------------------------------------------
0 0031483852 MORTGAGORS: GONG BRIAN
LEW KRISTIN
REGION CODE ADDRESS : 25 BAYCREST WAY
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 275,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,085.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.99900
----------------------------------------------------------------
0 0031483878 MORTGAGORS: HASSELMAN JAMES
LEE HASSELMAN CORIE
REGION CODE ADDRESS : 2036 LANIHULI DRIVE
01 CITY : HONOLULU
STATE/ZIP : HI 96822
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,658.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,216.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,012,300.00
P & I AMT: 13,885.12
UPB AMT: 2,010,764.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 305
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031483910 MORTGAGORS: BEDOYA LUIS
BEDOYA ADRIANA
REGION CODE ADDRESS : 501 ABETO DRIVE
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,703.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031483985 MORTGAGORS: EDWARDS LIONEL
EDWARDS PHYLLIS
REGION CODE ADDRESS : 9675 LA GRANADA AVENUE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 281,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,369.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031484082 MORTGAGORS: SMITH DANIEL
SMITH LORI
REGION CODE ADDRESS : 3030 SAN MIGUEL COURT
01 CITY : CONCORD
STATE/ZIP : CA 94518
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,510.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,609.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.73384
----------------------------------------------------------------
0 0031484108 MORTGAGORS: WHITE CARL
WHITE GLORIA
REGION CODE ADDRESS : 111 MAVERICK DRIVE
01 CITY : SAN DIMAS
STATE/ZIP : CA 91773
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,474.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031484116 MORTGAGORS: SHEFFIELD ROBERT
RAYNOR PHYLIS
REGION CODE ADDRESS : 25124 LOS RANCHERIAS ROAD
01 CITY : HEMET
STATE/ZIP : CA 92545
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,356.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,505,350.00
P & I AMT: 10,289.78
UPB AMT: 1,500,412.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 306
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031484132 MORTGAGORS: ORNELAS ARMANDO
ORNELAS SANDRA
REGION CODE ADDRESS : 4471 AVENIDA DE LAS ESTRELLAS
01 CITY : YORBA LINDA
STATE/ZIP : CA 92686
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,987.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,701.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.52900
----------------------------------------------------------------
0 0031484223 MORTGAGORS: GOLDSTEIN GREGORY
REGION CODE ADDRESS : 8 TOWPATH LANE
01 CITY : WATERFORD
STATE/ZIP : NY 12188
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,748.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.18900
----------------------------------------------------------------
0 0031484231 MORTGAGORS: FEENEY WILLIAM
CASTRONUOVO SUSAN
REGION CODE ADDRESS : 350 ORCHARD STREET
01 CITY : DELMAR
STATE/ZIP : NY 12054
MORTGAGE AMOUNT : 291,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,272.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,988.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.73300
----------------------------------------------------------------
0 0031484298 MORTGAGORS: FRUITERMAN MARK
REGION CODE ADDRESS : 723 WALDENS POND ROAD
01 CITY : ALBANY
STATE/ZIP : NY 12203
MORTGAGE AMOUNT : 342,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,077.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,366.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.67441
----------------------------------------------------------------
0 0031484520 MORTGAGORS: DENISTON DAVID
DENISTON NANCY
REGION CODE ADDRESS : 3162 HERITAGE SPRINGS COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,616.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,015.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,479,600.00
P & I AMT: 10,351.19
UPB AMT: 1,477,702.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 307
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031484595 MORTGAGORS: KOGUT JOY
REGION CODE ADDRESS : 110 EAST DELWARE #1002
01 CITY : CHICAGO
STATE/ZIP : IL 60611
MORTGAGE AMOUNT : 121,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 121,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 881.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031484728 MORTGAGORS: PRICE ROSS
PRICE NORMA
REGION CODE ADDRESS : 3526 SPRINGHILL ROAD
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,577.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,134.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 53.02400
----------------------------------------------------------------
0 0031484769 MORTGAGORS: HARPER KATHERINE
HARPER CONSTANCE
REGION CODE ADDRESS : 272 SANTA FE DRIVE
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,796.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,070.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.10200
----------------------------------------------------------------
0 0031484785 MORTGAGORS: NICOLAO MARCY
REGION CODE ADDRESS : 1129 CORVALLIS DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,554.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.43400
----------------------------------------------------------------
0 0031484801 MORTGAGORS: CHENG CHEUK
CHENG MARY
REGION CODE ADDRESS : 23 WESTHAVEN DRIVE
01 CITY : DALY CITY
STATE/ZIP : CA 94015
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,809.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.64600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,256,600.00
P & I AMT: 8,894.27
UPB AMT: 1,255,337.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 308
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031484827 MORTGAGORS: STRAUSS STEVEN
WILSON LISE
REGION CODE ADDRESS : 5490 RUTGERS ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 995,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 994,315.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,214.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 015
LTV : 61.04294
----------------------------------------------------------------
0 0031484884 MORTGAGORS: HANLON WILLIAM
SCHLOTTHAUER-HANLON SHELLY
REGION CODE ADDRESS : 1402 TORRINGTON COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,669.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 64.76900
----------------------------------------------------------------
0 0031484900 MORTGAGORS: PEDERSEN JUDITH
PEDERSEN TERRILL
REGION CODE ADDRESS : 4910 BRIGGS AVENUE
01 CITY : LA CRESCENTA
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,459.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,059.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 69.47700
----------------------------------------------------------------
0 0031484926 MORTGAGORS: DIOHEP ROBERT
STARK ROBERT
REGION CODE ADDRESS : 90 HAZELWOOD AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94112
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,654.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.70200
----------------------------------------------------------------
0 0031485055 MORTGAGORS: GIDDINGS JOHN
GIDDINGS SHERRY
REGION CODE ADDRESS : 212 ST. ANDREWS ROAD
01 CITY : SEVERNA PARK
STATE/ZIP : MD 21146
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,763.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,222,000.00
P & I AMT: 16,122.87
UPB AMT: 2,219,862.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 309
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031485139 MORTGAGORS: TIBBETTS CLARK
REGION CODE ADDRESS : 52 MANAHOAC LANE
01 CITY : SPERRYVILLE
STATE/ZIP : VA 22740
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,819.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031485162 MORTGAGORS: GREENE ANTHONY
GREENE TIFFANI
REGION CODE ADDRESS : 29 PEPPERTREE COURT
01 CITY : MARIETTA
STATE/ZIP : GA 30068
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,035.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031485246 MORTGAGORS: HORAN STEPHEN
HORAN CANDACE
REGION CODE ADDRESS : 7261 RYAN RANCH ROAD
01 CITY : SHINGLE SPRINGS
STATE/ZIP : CA 95682
MORTGAGE AMOUNT : 402,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 401,678.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,708.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.78500
----------------------------------------------------------------
0 0031485279 MORTGAGORS: JOHNSON THOMAS
JOHNSON KATHLEEN
REGION CODE ADDRESS : 5895 PASEO DE LA RAMBLA
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,692.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
0 0031485303 MORTGAGORS: YEKENIAN DANIEL
YEKENIAN AIDA
REGION CODE ADDRESS : 10031 STILBITE AVENUE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,792.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,814.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 87.78800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,580,250.00
P & I AMT: 10,794.38
UPB AMT: 1,579,018.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 310
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031485329 MORTGAGORS: WISEMAN STEVEN
ORTZOW-WISEMAN LESLIE
REGION CODE ADDRESS : 20075 BERKELEY WAY
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,999.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.75700
----------------------------------------------------------------
0 0031485378 MORTGAGORS: TADJBAKHSH GHOLAMREZA
TADJBAKHSH FATEMEH
REGION CODE ADDRESS : 19191 EDGEHILL DRIVE
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 445,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 445,161.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,076.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031485451 MORTGAGORS: KRAVICH SALLY
REGION CODE ADDRESS : 4415 PARK ARROYO
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,833.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 57.69200
----------------------------------------------------------------
0 0031485477 MORTGAGORS: BROOKS DENNIS
BROOKS DENA
REGION CODE ADDRESS : 8 VERMONT
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 311,933.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,444.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.99979
----------------------------------------------------------------
0 0031485527 MORTGAGORS: CHAUDHRY ATIF
CHAUDHRY SAIMA
REGION CODE ADDRESS : 7832 KENTWOOD WAY
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,566.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,961.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,529,633.00
P & I AMT: 10,557.51
UPB AMT: 1,528,005.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 311
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031485543 MORTGAGORS: SUMNER THOMAS
SUMNER JADEE
REGION CODE ADDRESS : 63 SPRINGFIELD
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 303,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,956.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,094.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031485568 MORTGAGORS: JOHNSON DEBRA
REGION CODE ADDRESS : 5030 RIVER ROAD
01 CITY : OAKDALE
STATE/ZIP : CA 95361
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,913.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,299.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 58.78700
----------------------------------------------------------------
0 0031485576 MORTGAGORS: TRANG TAI
LUONG LIEN
REGION CODE ADDRESS : 6371 ROYAL GROVE DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 364,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,196.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,644.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031485600 MORTGAGORS: BRODRICK JAMES
BRODRICK HELENE
REGION CODE ADDRESS : 6748 LANGLEY CANYON ROAD
01 CITY : SALINAS
STATE/ZIP : CA 93907
MORTGAGE AMOUNT : 246,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,014.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,680.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031485758 MORTGAGORS: ANDERSON M
REGION CODE ADDRESS : 7898 E VAWTER PARK ROAD
01 CITY : SYRACUSE
STATE/ZIP : IN 46567
MORTGAGE AMOUNT : 543,875.00 OPTION TO CONVERT :
UNPAID BALANCE : 543,481.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,849.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.69600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,749,175.00
P & I AMT: 12,568.86
UPB AMT: 1,744,562.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 312
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031485774 MORTGAGORS: MILLER LOUIS
REGION CODE ADDRESS : 4161 BANDINI STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92103
MORTGAGE AMOUNT : 309,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,564.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 56.32700
----------------------------------------------------------------
0 0031485808 MORTGAGORS: ALPERT ALLAN
ALPERT BETTE
REGION CODE ADDRESS : 73 HAMLET DRIVE
01 CITY : COMMACK
STATE/ZIP : NY 11725
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,699.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,626.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.79200
----------------------------------------------------------------
0 0031485816 MORTGAGORS: ESPARZA JOSEPH
ESPARZA BARBARA
REGION CODE ADDRESS : 13041 SANDHURST PLACE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,993.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031486236 MORTGAGORS: SOUTHERLAND VERNON
SOUTHERLAND ALI
REGION CODE ADDRESS : 6032 GOLDEN EAGLE WAY
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 270,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,232.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99012
----------------------------------------------------------------
0 0031486251 MORTGAGORS: HUGHES KATHLEEN
MCGIRR KATHARINE
REGION CODE ADDRESS : 109 NAVIGATOR DR.
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,646.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99072
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,487,900.00
P & I AMT: 10,331.89
UPB AMT: 1,486,135.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 313
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031486350 MORTGAGORS: MASON WILLIAM
REGION CODE ADDRESS : 6281 WEST POST ROAD
01 CITY : CHANDLER
STATE/ZIP : AZ 85226
MORTGAGE AMOUNT : 275,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,690.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
0 0031487002 MORTGAGORS: CAMPBELL VICKE
REGION CODE ADDRESS : 837 MCCLAY ROAD
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,782.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,206.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031487010 MORTGAGORS: GLOZMAN VITALY
GLOZMAN ELIZABETH
REGION CODE ADDRESS : 1652 6TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 355,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,242.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,516.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.63800
----------------------------------------------------------------
0 0031487036 MORTGAGORS: BAREN MARTIN
BAREN SONDRA
REGION CODE ADDRESS : 3 LILAC LANE
01 CITY : COTO DE CAZA AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,787.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.18900
----------------------------------------------------------------
0 0031487044 MORTGAGORS: KIDD BRUCE
KIDD JANA
REGION CODE ADDRESS : 24575 PASEO DE TORONTO
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,760.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.16092
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,572,400.00
P & I AMT: 11,137.98
UPB AMT: 1,571,263.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 314
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031487051 MORTGAGORS: MCVEIGH TOM
MCVEIGH ANGELA
REGION CODE ADDRESS : 1719 HAYNES LANE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,787.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.93700
----------------------------------------------------------------
0 0031487069 MORTGAGORS: LEON DAVID
LEON HEATHER
REGION CODE ADDRESS : 8962 CRESCENT DRIVE
01 CITY : WEST HOLLYWOOD AREA
STATE/ZIP : GA 90046
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,784.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,192.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.46100
----------------------------------------------------------------
0 0031487077 MORTGAGORS: SOROKO MARK
SOROKO BELLA
REGION CODE ADDRESS : 30040 SAN FRANCISQUITO CANYON ROAD
01 CITY : SAUGUS AREA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 378,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,833.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,708.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.60700
----------------------------------------------------------------
0 0031487200 MORTGAGORS: REYNOSO JOHN
REYNOSO KRISTY
REGION CODE ADDRESS : 32 HARVARD LANE
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 181,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 180,855.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,219.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 92.82051
----------------------------------------------------------------
0 0031487234 MORTGAGORS: BURKLE PATRICK
BURKLE JEANETTE
REGION CODE ADDRESS : 508 BRINDLEY PLACE S.W.
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,163.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,396,600.00
P & I AMT: 9,722.96
UPB AMT: 1,392,423.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 315
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031487267 MORTGAGORS: YEOMAN DOUGLAS
YEOMAN LINDA
REGION CODE ADDRESS : 10881 PEMBROKE DRIVE
01 CITY : SANTA ANA AREA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,672.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031487283 MORTGAGORS: STEWART HAROLD
STEWART SHEREE
REGION CODE ADDRESS : 13632 MESA SOL DRIVE
01 CITY : YUCAIPA
STATE/ZIP : CA 92399
MORTGAGE AMOUNT : 364,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,215.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031487291 MORTGAGORS: STEFFAN W
STEFFAN VIOLA
REGION CODE ADDRESS : 178 OAKWOOD COURT
01 CITY : NAPLES
STATE/ZIP : FL 34110
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,302.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031487333 MORTGAGORS: TATEISHI KENJI
MITCHELL MASUMI
REGION CODE ADDRESS : 21309 ANZA AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 266,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,113.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.55223
----------------------------------------------------------------
0 0031487341 MORTGAGORS: REJAE HAMID
REJAE VONNIE
REGION CODE ADDRESS : 928 BAUER DRIVE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 398,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,392.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,748.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.60000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,694,500.00
P & I AMT: 11,639.32
UPB AMT: 1,692,696.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 316
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031487374 MORTGAGORS: RANIERI NIK
RANIERI JENIFER
REGION CODE ADDRESS : 1550 KENSINGTON ROAD
01 CITY : SAN MARINO
STATE/ZIP : CA 91108
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,079.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,656.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.66666
----------------------------------------------------------------
0 0031487507 MORTGAGORS: KIRSTIEN BERTILDE
KIRSTIEN MICHAEL
REGION CODE ADDRESS : 1215 ADAMS STREET
01 CITY : TRACY
STATE/ZIP : CA 95376
MORTGAGE AMOUNT : 96,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 95,928.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 671.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031487887 MORTGAGORS: CAMPBELL GLENN
CAMPBELL DALE
REGION CODE ADDRESS : 120 EDIE ROAD
01 CITY : WILTON
STATE/ZIP : NY 12866
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,809.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031487960 MORTGAGORS: KILGORE MICHELLE
KILGORE KENNETH
REGION CODE ADDRESS : 4730 WILDFLOWER COURT
01 CITY : ANN ARBOR
STATE/ZIP : MI 48108
MORTGAGE AMOUNT : 231,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,332.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,638.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.15100
----------------------------------------------------------------
0 0031487978 MORTGAGORS: BORENSTEIN NATHANIEL
BORENSTEIN TRINA
REGION CODE ADDRESS : 1724 SHADFORD ROAD
01 CITY : ANN ARBOR
STATE/ZIP : MI 48104
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,810.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,513,750.00
P & I AMT: 10,668.09
UPB AMT: 1,511,961.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 317
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031487986 MORTGAGORS: KUROODI VIJENDRA
VIJENDRA SANDHYA
REGION CODE ADDRESS : 3412 NORWOOD AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 239,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,771.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,677.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99660
----------------------------------------------------------------
0 0031488000 MORTGAGORS: ENGLEHART JEANNIE
NOVICK JACK
REGION CODE ADDRESS : 1675 MONT RUE DRIVE SE
01 CITY : GRAND RAPIDS
STATE/ZIP : MI 49546
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,633.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.84600
----------------------------------------------------------------
0 0031488026 MORTGAGORS: RINZLER RICHARD
RINZLER LIANA
REGION CODE ADDRESS : 7250 CUESTA WAY NE
01 CITY : ROCKFORD
STATE/ZIP : MI 49341
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,699.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,533.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.15700
----------------------------------------------------------------
0 0031488042 MORTGAGORS: DAVIS FRANKLIN
DAVIS JENNICE
REGION CODE ADDRESS : 6118 PINE CREEK COURT
01 CITY : GRAND BLANC
STATE/ZIP : MI 48439
MORTGAGE AMOUNT : 234,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,550.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031488067 MORTGAGORS: BERTOLA DIDIER
BERTOLA LISA
REGION CODE ADDRESS : 52 ELM ST.
01 CITY : SCITUATE
STATE/ZIP : MA 02066
MORTGAGE AMOUNT : 170,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 170,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,174.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.92900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,260,850.00
P & I AMT: 8,685.17
UPB AMT: 1,259,655.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 318
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031488687 MORTGAGORS: ELLIS GARY
REGION CODE ADDRESS : 356 CORBETT CANYON ROAD
01 CITY : ARROYO GRANDE
STATE/ZIP : CA 93420
MORTGAGE AMOUNT : 393,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,307.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,752.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031489073 MORTGAGORS: OLIVER DEAN
REGION CODE ADDRESS : 14 LINDEN AVENUE
01 CITY : SALEM
STATE/ZIP : MA 01970
MORTGAGE AMOUNT : 77,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 77,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 512.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 50.65700
----------------------------------------------------------------
0 0031489099 MORTGAGORS: YOON SEOK
REGION CODE ADDRESS : 1700 REDCLIFF STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90026
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,799.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031489115 MORTGAGORS: MCARTHUR CHARLES
REGION CODE ADDRESS : 4135 MIDROSE TRAIL
01 CITY : DALLAS
STATE/ZIP : TX 75287
MORTGAGE AMOUNT : 103,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 103,820.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 717.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
0 0031489347 MORTGAGORS: GERMANO EMILIO
GERMANO KATHRYN
REGION CODE ADDRESS : 2717 CRYSTAL BEACH DRIVE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89128
MORTGAGE AMOUNT : 227,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,977.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,568.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.84000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,065,650.00
P & I AMT: 7,374.28
UPB AMT: 1,064,905.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 319
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031489388 MORTGAGORS: VANDEHEY STEVE
VANDEHEY LAURA
REGION CODE ADDRESS : 7713 HEATHER RIDGE
01 CITY : IRVING
STATE/ZIP : TX 75063
MORTGAGE AMOUNT : 166,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 166,626.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,165.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97700
----------------------------------------------------------------
0 0031489701 MORTGAGORS: SMITH JEFF
REGION CODE ADDRESS : 57 PARK TERRACE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 234,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,557.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,561.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031489727 MORTGAGORS: NELSON JERRY
NELSON LYNDA
REGION CODE ADDRESS : 1950 EAST VINTAGE WOODS COURT
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84117
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,278.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.32600
----------------------------------------------------------------
0 0031489750 MORTGAGORS: MC CANN THOMAS
MC CANN CYNTHIA
REGION CODE ADDRESS : 4333 ATLAS AVENUE
01 CITY : OAKLAND
STATE/ZIP : CA 94619
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,812.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031489818 MORTGAGORS: COMPTON RICHARD
HUR KATERINA
REGION CODE ADDRESS : 781 SHERATON DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,464.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,333.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,273,000.00
P & I AMT: 8,692.38
UPB AMT: 1,271,739.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 320
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031489909 MORTGAGORS: HEES BERTA
REGION CODE ADDRESS : 7311 VIEW POINT DRIVE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,703.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,592.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.80000
----------------------------------------------------------------
0 0031489941 MORTGAGORS: BOTKO GERALD
BOTKO SHARON
REGION CODE ADDRESS : 21374 FALLS RIDGE WAY
01 CITY : BOCA RATON
STATE/ZIP : FL 33428
MORTGAGE AMOUNT : 261,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,891.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,759.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031489966 MORTGAGORS: CHEW ROBERT
CHEW BERNADETTE
REGION CODE ADDRESS : 165 PACIFIC AVE
01 CITY : PACIFICA
STATE/ZIP : CA 94044
MORTGAGE AMOUNT : 190,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 189,855.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,312.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.51700
----------------------------------------------------------------
0 0031490113 MORTGAGORS: ABBOTT STEVEN
ABBOTT JOYCE
REGION CODE ADDRESS : 828 RICHARD LANE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,760.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031490154 MORTGAGORS: STRIZAK NEDELJKO
STRIZAK DRAGICA
REGION CODE ADDRESS : 19271 NORTHFLEET WAY
01 CITY : LOS ANGELES
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,517.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,544.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.09000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,796,100.00
P & I AMT: 12,384.15
UPB AMT: 1,794,728.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 321
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031490188 MORTGAGORS: PARKER PATRICIA
HOGARTH LARRY
REGION CODE ADDRESS : 2701 PACIFIC AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,738.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,461.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.68900
----------------------------------------------------------------
0 0031490238 MORTGAGORS: FEYDER ROBERT
FEYDER LESLIE
REGION CODE ADDRESS : 4946 RUBIO AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,553.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031490311 MORTGAGORS: KOHLBRENNER ANDREAS
TEEL-KOHLBRENNER JANE
REGION CODE ADDRESS : 308 MORNING SUN AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,694.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,391.22 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031490345 MORTGAGORS: WINOKUR RUSSELL
WINOKUR MONA
REGION CODE ADDRESS : 1712 VIA VIOLETA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,642.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.41930
----------------------------------------------------------------
0 0031490394 MORTGAGORS: CHO MICHAEL
CHO CHASOON
REGION CODE ADDRESS : 271 BEAUMONT DRIVE
01 CITY : VISTA
STATE/ZIP : CA 92084
MORTGAGE AMOUNT : 184,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 184,762.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,292.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.89900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,440,900.00
P & I AMT: 9,921.06
UPB AMT: 1,439,391.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 322
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031490626 MORTGAGORS: DECKER DENISE
REGION CODE ADDRESS : 9616 NORTH 43RD LANE
01 CITY : GLENDALE
STATE/ZIP : AZ 85302
MORTGAGE AMOUNT : 92,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 91,844.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 604.37 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031490634 MORTGAGORS: MAYELI REZA
MIRYAZDI FERESHTEH
REGION CODE ADDRESS : 4648 ALONZO AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,564.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.82900
----------------------------------------------------------------
0 0031490725 MORTGAGORS: LANE RANDALL
LANE MARIAN
REGION CODE ADDRESS : 827 14TH AVENUE
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 251,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,844.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,799.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031490808 MORTGAGORS: KARAN DEO
KARAN KRISHNA
REGION CODE ADDRESS : 132 OVERACKER TERRACE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,660.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.41900
----------------------------------------------------------------
0 0031490840 MORTGAGORS: WALSH GEOFFREY
ST SURE-WALSH SUSAN
REGION CODE ADDRESS : 6943 GRASSWOOD AVENUE
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 692,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 691,973.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,782.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 64.41800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,575,700.00
P & I AMT: 11,029.70
UPB AMT: 1,573,886.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 323
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031490881 MORTGAGORS: MATSUDA GORDON
MATSUDA DONNA
REGION CODE ADDRESS : 450 COAL CREEK ROAD
01 CITY : REDSTONE
STATE/ZIP : CO 81623
MORTGAGE AMOUNT : 367,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,453.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,566.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 71.96000
----------------------------------------------------------------
0 0031490915 MORTGAGORS: PAGANI GEORGE
REGION CODE ADDRESS : 126, 128, 130 SCOTT STREET
01 CITY : SANTA ROSA
STATE/ZIP : CA 95401
MORTGAGE AMOUNT : 143,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 143,516.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,079.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 71.85000
----------------------------------------------------------------
0 0031490931 MORTGAGORS: EIGER BRANDEL
KEHOE ROBIN
REGION CODE ADDRESS : 4136 21ST STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,720.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 58.33300
----------------------------------------------------------------
0 0031491046 MORTGAGORS: BYRD PATRICIA
BYRD PHOEBE
REGION CODE ADDRESS : 3565 KIRKRIDGE STREET
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 305,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,405.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,164.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031491061 MORTGAGORS: WILLS GARY
WILLS ANITA
REGION CODE ADDRESS : 2463 VIA DE LOS MILAGROS
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,769.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,092.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 58.26923
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,469,550.00
P & I AMT: 10,261.25
UPB AMT: 1,467,865.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 324
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031491095 MORTGAGORS: BAILEY KENT
FISKE JESSICA
REGION CODE ADDRESS : 4115 GILBERT STREET
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 210,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,239.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,453.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031491137 MORTGAGORS: TRINDADE KAREN
REGION CODE ADDRESS : 4423 CRESTWOOD CIRCLE
01 CITY : CONCORD
STATE/ZIP : CA 94521
MORTGAGE AMOUNT : 156,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 155,761.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,077.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 72.55800
----------------------------------------------------------------
0 0031491202 MORTGAGORS: COBB MARIANNE
YNIGUEZ DOLORES
REGION CODE ADDRESS : 9022 GENERATIONS DRIVE
01 CITY : ELK GROVE
STATE/ZIP : CA 95758
MORTGAGE AMOUNT : 90,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 90,228.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 662.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 66.19000
----------------------------------------------------------------
0 0031491251 MORTGAGORS: WANG CHIE-NING
WANG ROBERTA
REGION CODE ADDRESS : 12 SPRING GROVE
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 412,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,278.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,814.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031491277 MORTGAGORS: DUNSTAN CHRISTINE
REGION CODE ADDRESS : 20 EAST JUNIPERO STREET
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 214,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 213,673.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,478.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 37.21700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,083,350.00
P & I AMT: 7,486.29
UPB AMT: 1,082,181.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 325
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031491285 MORTGAGORS: MOES JOHN
MOES MICHELLE
REGION CODE ADDRESS : 3306 CALLE SAN BLAS
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 359,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,952.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,604.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031491293 MORTGAGORS: SABOVICH BARBARA
REGION CODE ADDRESS : 19140 WIMBLEDON WAY
01 CITY : BAKERSFIELD
STATE/ZIP : CA 93306
MORTGAGE AMOUNT : 71,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 70,896.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 502.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 74.73600
----------------------------------------------------------------
0 0031491319 MORTGAGORS: PAVON SHEILA
REGION CODE ADDRESS : 810 ACAPULCO STREET
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 355,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,222.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,425.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031491343 MORTGAGORS: SELDEN FRED
SELDEN DR. CATHERINE
REGION CODE ADDRESS : 1855 SUNSET PLAZA DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90069
MORTGAGE AMOUNT : 398,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,436.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,851.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 46.82300
----------------------------------------------------------------
0 0031491368 MORTGAGORS: COLVIN ALLAN
COLVIN DIANE
REGION CODE ADDRESS : 3808 SANDUNE LANE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 585,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 584,106.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,040.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,768,700.00
P & I AMT: 12,423.89
UPB AMT: 1,766,615.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 326
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031491384 MORTGAGORS: OSTROM DONALD
OSTROM MARY
REGION CODE ADDRESS : 4118 COYOTE FORK
01 CITY : TRUCKEE
STATE/ZIP : CA 96161
MORTGAGE AMOUNT : 101,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 100,841.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 689.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 63.92400
----------------------------------------------------------------
0 0031491392 MORTGAGORS: BROD CRAIG
WEIL JANET
REGION CODE ADDRESS : 4180 MILL CREEK ROAD
01 CITY : HEALDSBURG
STATE/ZIP : CA 95448
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,236.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,453.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0031491434 MORTGAGORS: FRANCE ROGER
FRANCE LINDA
REGION CODE ADDRESS : 28102 CAMINO LA RONDA
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,600.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.44444
----------------------------------------------------------------
0 0031491491 MORTGAGORS: MERA VICTOR
MERA JOANNE
REGION CODE ADDRESS : 2545 ARNOTT STREET
01 CITY : SAN DEIGO
STATE/ZIP : CA 92110
MORTGAGE AMOUNT : 268,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,740.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 84.99200
----------------------------------------------------------------
0 0031491517 MORTGAGORS: SIEGAL BERNARD
SIEGAL BARBARA
REGION CODE ADDRESS : 1780 HOLLY AVENUE
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,305.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,142.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 48.92400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,592,150.00
P & I AMT: 11,010.89
UPB AMT: 1,589,725.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 327
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031491558 MORTGAGORS: CRAMER ARON
ASHLA WENDY
REGION CODE ADDRESS : 2475 PRINCE STREET
01 CITY : BERKELY
STATE/ZIP : CA 94705
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,614.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.84000
----------------------------------------------------------------
0 0031491582 MORTGAGORS: GREEN DAVID
GREEN SANDY
REGION CODE ADDRESS : 3971 SANTA NELLA PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,820.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031491616 MORTGAGORS: O'HERN PETER
O'HERN VICTORIA
REGION CODE ADDRESS : 6301 STAR CREEK DRIVE
01 CITY : FRISCO
STATE/ZIP : TX 75034
MORTGAGE AMOUNT : 337,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,336.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,303.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031492432 MORTGAGORS: BIXLER TIMOTHY
BIXLER MARY
REGION CODE ADDRESS : 254 CHURCHILL PLACE
01 CITY : CLARENDON HILLS
STATE/ZIP : IL 60514
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,486.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,412.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.52800
----------------------------------------------------------------
0 0031492440 MORTGAGORS: TAYLOR CLARENCE
TAYLOR SUSAN
REGION CODE ADDRESS : 15018 EAST SANTIAGO PLACE
01 CITY : FOUNTAIN HILLS
STATE/ZIP : AZ 85268
MORTGAGE AMOUNT : 255,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,499.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,745.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,491,750.00
P & I AMT: 10,352.17
UPB AMT: 1,489,758.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 328
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031492606 MORTGAGORS: HOLDRIDGE BRUCE
HOLDRIDGE MARTHA
REGION CODE ADDRESS : 168 SOUTH STREET
01 CITY : ROCKPORT
STATE/ZIP : ME 01966
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,569.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.62700
----------------------------------------------------------------
0 0031492614 MORTGAGORS: SEGERS JEFFREY
SEGERS DEBRA
REGION CODE ADDRESS : 2441 BLANCHARD ROAD
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.58823
----------------------------------------------------------------
0 0031492796 MORTGAGORS: DIEHL GARY
DIEHL SUSAN
REGION CODE ADDRESS : 7678 QUAIL RIDGE
01 CITY : DEXTER
STATE/ZIP : MI 48130
MORTGAGE AMOUNT : 263,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,067.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.40700
----------------------------------------------------------------
0 0031493281 MORTGAGORS: VALEU DONALD
VALEU FAYE
REGION CODE ADDRESS : 1962 EUCLID AVENUE
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,896.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 978.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031493299 MORTGAGORS: VALENCIA MARTIN
REGION CODE ADDRESS : 2880 NORTH MOUNT CURVE
01 CITY : ALTANDENA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,820.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,219,450.00
P & I AMT: 8,479.51
UPB AMT: 1,218,125.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 329
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031493414 MORTGAGORS: COOK DONALD
COOK ANITA
REGION CODE ADDRESS : 540 GUM TREE ROAD
01 CITY : COCHRANVILLE
STATE/ZIP : PA 19330
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,753.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,854.99 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.44400
----------------------------------------------------------------
0 0031493737 MORTGAGORS: GUTIERREZ DAVID
CENDEJAS YOLANDA
REGION CODE ADDRESS : 4557 PHEASANT COURT
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 289,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,335.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,952.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 87.81800
----------------------------------------------------------------
0 0031493786 MORTGAGORS: HARBIN JOHN
HARBIN SHARA
REGION CODE ADDRESS : 1106 LULLWATER ROAD
01 CITY : ATLANTAA
STATE/ZIP : GA 30307
MORTGAGE AMOUNT : 486,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 485,657.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,359.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031493810 MORTGAGORS: TRAN UT
TRAN VINH
REGION CODE ADDRESS : 12052 OAKVIEW WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 300,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,279.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031493828 MORTGAGORS: LIBMAN STEPHEN
LIBMAN ABBIE
REGION CODE ADDRESS : 4135 BLAKE LANE
01 CITY : GLENVIEW
STATE/ZIP : IL 60025
MORTGAGE AMOUNT : 528,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 527,942.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,651.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,891,700.00
P & I AMT: 12,870.48
UPB AMT: 1,888,968.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 330
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031493844 MORTGAGORS: HOLINGER THOMAS
REGION CODE ADDRESS : 6732 WHITESAIL STREET
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,615.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.41900
----------------------------------------------------------------
0 0031493851 MORTGAGORS: REDDY P.
GUPTA ANITA
REGION CODE ADDRESS : 13293 LARKSFIELD COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 302,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,076.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,063.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
0 0031493885 MORTGAGORS: WALLS DAVID
REGION CODE ADDRESS : 9 LILAC DR
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 295,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,025.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,990.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031493901 MORTGAGORS: SCHAFHAUSEN ROBERT
SCHAFHAUSEN JANET
REGION CODE ADDRESS : 25651 ROLLING HILLS ROAD
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 363,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,937.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,570.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.64000
----------------------------------------------------------------
0 0031493919 MORTGAGORS: JORCYK VICTOR
JORCYK-HOUSE KRISTI
REGION CODE ADDRESS : 528 LAGUNA PLACE
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,574.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,473,250.00
P & I AMT: 10,097.93
UPB AMT: 1,471,228.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 331
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031493943 MORTGAGORS: SIDHOM NABIL
REGION CODE ADDRESS : 6449 LA PETITE PLACE
01 CITY : CENTREVILLE
STATE/ZIP : VA 20121
MORTGAGE AMOUNT : 229,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,723.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,524.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031493984 MORTGAGORS: RAMIREZ ANTHONY
RAMIREZ DELORES
REGION CODE ADDRESS : 4114 112TH STREET SOUTHEAST
01 CITY : EVERETT
STATE/ZIP : WA 98208
MORTGAGE AMOUNT : 237,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,778.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,617.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.15400
----------------------------------------------------------------
0 0031494008 MORTGAGORS: RAHN WILLIAM
RAHN RHODA
REGION CODE ADDRESS : 8151 CANCUN COURT
01 CITY : GAINESVILLE
STATE/ZIP : VA 20155
MORTGAGE AMOUNT : 249,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,339.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,661.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 94.96100
----------------------------------------------------------------
0 0031494024 MORTGAGORS: FISHER JEFFREY
FISHER MICHELLE
REGION CODE ADDRESS : 1438 HARLE PLACE, S.W.
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 257,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,076.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.96800
----------------------------------------------------------------
0 0031494057 MORTGAGORS: VINCIGUERRA FRED
VINCIGUERRA CHRISTINA
REGION CODE ADDRESS : 18405 CENTER STREET
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94546
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,801.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,241,500.00
P & I AMT: 8,390.66
UPB AMT: 1,239,719.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 332
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031494065 MORTGAGORS: JAMISON ALAN
JAMISON DIANA
REGION CODE ADDRESS : 701 ROWLAND BOULEVARD
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 243,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,387.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031494081 MORTGAGORS: JUDT PATRICK
BRUCHIS WENDY
REGION CODE ADDRESS : 15050 PEARTREE COURT
01 CITY : SAN MARTIN
STATE/ZIP : CA 95046
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,243.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,060.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031494099 MORTGAGORS: PONCE ROBERT
PONCE VERDA
REGION CODE ADDRESS : 31297 MACHADO STREET
01 CITY : LAKE ELSINORE
STATE/ZIP : CA 92530
MORTGAGE AMOUNT : 124,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 124,110.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 858.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 71.02800
----------------------------------------------------------------
0 0031494156 MORTGAGORS: SAMANI DAN
SAMANI SHERRY
REGION CODE ADDRESS : 4711 HAMPTON ROAD
01 CITY : LA CANADA-FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,591.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,780.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031494180 MORTGAGORS: BANNOW PAUL
FRISCIA STEVEN
REGION CODE ADDRESS : 10 LUPINE DR
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 536,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 535,581.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,656.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,625,050.00
P & I AMT: 11,060.18
UPB AMT: 1,622,914.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 333
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031494198 MORTGAGORS: LUSTIG MICHAEL
LUSTIG SHERYL
REGION CODE ADDRESS : 9321 LOUISE AVENUE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 238,447.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,265.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,646.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.98000
----------------------------------------------------------------
0 0031494248 MORTGAGORS: HARDY JEFFREY
HARDY MARY
REGION CODE ADDRESS : 560 WILSON AVENUE
01 CITY : NOVATA
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,526.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031494297 MORTGAGORS: DAANE GERALD
REGION CODE ADDRESS : 10 NORTH VALLEY VIEW DRIVE # 5
01 CITY : ST GEORGE
STATE/ZIP : UT 84770
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,925.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 699.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 73.58300
----------------------------------------------------------------
0 0031494305 MORTGAGORS: HOYER ROBERT
HOYER KATHERINE
REGION CODE ADDRESS : 5445 ARROWHEAD COURT
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,641.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.50700
----------------------------------------------------------------
0 0031494354 MORTGAGORS: INGERTO CAROL
REGION CODE ADDRESS : 2612 CARMELITA WAY
01 CITY : PINOLE
STATE/ZIP : CA 94564
MORTGAGE AMOUNT : 89,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 89,356.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 602.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 45.89700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,011,947.00
P & I AMT: 7,121.19
UPB AMT: 1,010,715.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 334
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031495013 MORTGAGORS: OCCHIPINTI JOSEPH
OCCHIPINTI LORRAINE
REGION CODE ADDRESS : 13161 OLD BUTTERFIELD ROAD
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,667.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,255.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031495021 MORTGAGORS: ALEJANDRE OSCAR
ALEJANDRE BLANCA
REGION CODE ADDRESS : 47 SYDNEY AVENUE
01 CITY : WATSONVILLE
STATE/ZIP : CA 95076
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,896.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 978.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031495161 MORTGAGORS: RALPH DAN
RALPH ERNEST
REGION CODE ADDRESS : 215 QUAIL RIDGE ROAD
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,762.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031495179 MORTGAGORS: GIANCHANDANI ASHOK
LINDSAY SHAUNA
REGION CODE ADDRESS : 10807 FIGTREE COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 277,841.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,613.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 58.14500
----------------------------------------------------------------
0 0031495237 MORTGAGORS: MCKENNA JAMES
MCKENNA CHRITINE
REGION CODE ADDRESS : 3605 REINOSO COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,793.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,469,841.00
P & I AMT: 10,199.36
UPB AMT: 1,468,731.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 335
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031495260 MORTGAGORS: HIGGINBOTHAM SAMUEL
HIGGINBOTHAM JACQUELINE
REGION CODE ADDRESS : 970 FIFTH AVENUE
01 CITY : PINOLE
STATE/ZIP : CA 94564
MORTGAGE AMOUNT : 152,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 151,884.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,049.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.16666
----------------------------------------------------------------
0 0031495328 MORTGAGORS: ZENOR ROBERT
ZENOR GEORGIA
REGION CODE ADDRESS : 1223 WEST MORELOS STREET
01 CITY : CHANDLER
STATE/ZIP : AZ 85224
MORTGAGE AMOUNT : 93,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 93,592.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 615.88 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 78.12500
----------------------------------------------------------------
0 0031495369 MORTGAGORS: HICKS MICHAEL
HICKS SANDRA
REGION CODE ADDRESS : 11674 MELORES WAY
01 CITY : GOLD RIVER
STATE/ZIP : CA 95670
MORTGAGE AMOUNT : 291,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,187.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,089.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031495377 MORTGAGORS: MAKOVOZ LEONID
MAKOVOZ GALINA
REGION CODE ADDRESS : 11538 DONA TERESA DRIVE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,647.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.92190
----------------------------------------------------------------
0 0031495393 MORTGAGORS: TJANDRAWINATA RAYMOND
SUHARDIMAN JUNI
REGION CODE ADDRESS : 17 JOSEPH DRIVE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 352,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,231.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,434.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,389,850.00
P & I AMT: 9,771.46
UPB AMT: 1,388,542.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 336
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031495401 MORTGAGORS: WEST GARI
WEST ANGELA
REGION CODE ADDRESS : 36007 CAXTON PLACE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,828.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 86.75950
----------------------------------------------------------------
0 0031495419 MORTGAGORS: SCHLEHOFER THOMAS
SCHLEHOFER SARA
REGION CODE ADDRESS : 8225 WINTERHAWK LANE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 462,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 461,294.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,190.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031495435 MORTGAGORS: LIKENS DOUGLAS
LIKENS MARY KAY
REGION CODE ADDRESS : 244 CHESHAM AVENUE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 477,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 476,646.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,335.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.32000
----------------------------------------------------------------
0 0031495450 MORTGAGORS: KUNG ADA
REGION CODE ADDRESS : 358 MULLEN AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94110
MORTGAGE AMOUNT : 331,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,681.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,259.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031495468 MORTGAGORS: BLECKA JOHN
SHAFFER JUDITH
REGION CODE ADDRESS : 108 MAYWOOD WAY
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 317,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,026.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,220.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.15900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,836,700.00
P & I AMT: 12,810.97
UPB AMT: 1,834,477.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 337
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031495542 MORTGAGORS: FREEMAN MICHAEL
FREEMAN LESLIE
REGION CODE ADDRESS : 211 SAN JUAN BOULEVARD
01 CITY : ANACORTES
STATE/ZIP : WA 98221
MORTGAGE AMOUNT : 555,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 554,152.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,833.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031495914 MORTGAGORS: MARKS FREDRIC
MARKS VICKI
REGION CODE ADDRESS : 103 HINKLE COURT
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 301,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,851.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.89400
----------------------------------------------------------------
0 0031496052 MORTGAGORS: KELLY MICHAEL
KELLY CATHERINE
REGION CODE ADDRESS : 10338 LINSCOTT COURT
01 CITY : ELK GROVE
STATE/ZIP : CA 95624
MORTGAGE AMOUNT : 362,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,660.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,532.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.60400
----------------------------------------------------------------
0 0031496201 MORTGAGORS: BAGOT DREW
REGION CODE ADDRESS : 3310 FAIRMONT #11A
01 CITY : DALLAS
STATE/ZIP : TX 75201
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031497076 MORTGAGORS: KEYTANJIAN FRANK
KEYTANJIAN ALICE
REGION CODE ADDRESS : 705 KOHN STREET
01 CITY : NORRISTOWN
STATE/ZIP : PA 19401
MORTGAGE AMOUNT : 68,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 68,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 481.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,530,500.00
P & I AMT: 10,701.90
UPB AMT: 1,528,664.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 338
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031497415 MORTGAGORS: BRUNO VINCENT
BRUNO JILL
REGION CODE ADDRESS : 10504 ROTHENBURG ROAD
01 CITY : WOODRIDGE
STATE/ZIP : IL 60517
MORTGAGE AMOUNT : 280,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,871.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,961.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.78500
----------------------------------------------------------------
0 0031497480 MORTGAGORS: KHOBIAN JOSEPH
REGION CODE ADDRESS : 1936 ARMACOST AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90025
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,790.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.34200
----------------------------------------------------------------
0 0031497506 MORTGAGORS: HISSAMI ANNETTE
REGION CODE ADDRESS : 10870 BOULDER CANYON ROAD
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91737
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,798.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.81100
----------------------------------------------------------------
0 0031497514 MORTGAGORS: IRVINE RICHARD
JUSTICE AMY
REGION CODE ADDRESS : 35 PARK LANE
01 CITY : ATLANTA
STATE/ZIP : GA 30309
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,759.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,101.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031497530 MORTGAGORS: RUSSO JOSEPH
RUSSO LAURIE
REGION CODE ADDRESS : 3276 DELUNA DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,297.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,573.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.87600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,496,500.00
P & I AMT: 10,365.17
UPB AMT: 1,494,517.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 339
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031497563 MORTGAGORS: PHILIPSON LELAND
REGION CODE ADDRESS : 131 REDWOOD DRIVE
01 CITY : WOODACRE
STATE/ZIP : CA 94973
MORTGAGE AMOUNT : 212,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 211,857.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,555.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031497597 MORTGAGORS: ANDROPHY JAY
ANDROPHY ROBIN
REGION CODE ADDRESS : 901 S MERAMEC AVE
01 CITY : CLAYTON
STATE/ZIP : MO 63105
MORTGAGE AMOUNT : 379,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,034.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031497605 MORTGAGORS: DEPPISCH RALPH
DEPPISCH MARY
REGION CODE ADDRESS : 611 KINGS PLACE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,675.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,295.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.31000
----------------------------------------------------------------
0 0031497647 MORTGAGORS: PALMER ROBERT
REGION CODE ADDRESS : 14338 AUBURN COURT
01 CITY : CHINO HILLS
STATE/ZIP : CA 91705
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,768.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,876.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031497654 MORTGAGORS: MORGAN ROBERT
MORGAN KAREN
REGION CODE ADDRESS : 6068 MARLA COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,738.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,375.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,677,600.00
P & I AMT: 11,757.40
UPB AMT: 1,676,074.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 340
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031497662 MORTGAGORS: FICHTENHOLZ ZINOVY
KANTOR-FICHTENHOLZ SOPHIA
REGION CODE ADDRESS : 780 SUTTER AVENUE
01 CITY : PALO ALTO
STATE/ZIP : CA 94303
MORTGAGE AMOUNT : 428,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,433.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,995.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.40000
----------------------------------------------------------------
0 0031497696 MORTGAGORS: MILLER CURT
MILLER LINDA
REGION CODE ADDRESS : 32195 FALL RIVER ROAD
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,823.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.19800
----------------------------------------------------------------
0 0031497704 MORTGAGORS: FITZPATRICK PAUL
FITZPATRICK ELIZABETH
REGION CODE ADDRESS : 400 N BRANCH ROAD
01 CITY : GLENVIEW
STATE/ZIP : IL 60025
MORTGAGE AMOUNT : 339,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,575.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,371.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031497712 MORTGAGORS: ZANDEE PHILIP
ZANDEE LOIS
REGION CODE ADDRESS : 2714 BONNIE DRIVE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,822.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031497720 MORTGAGORS: GOREN YEHUDA
GOREN SARA
REGION CODE ADDRESS : 1891 CHANNING AVE
01 CITY : PALO ALTO
STATE/ZIP : CA 94303
MORTGAGE AMOUNT : 325,276.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,495.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,274.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 54.21200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,600,876.00
P & I AMT: 11,303.10
UPB AMT: 1,597,151.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 341
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031497738 MORTGAGORS: PADILLA ARMANDO
PADILLA DARLENE
REGION CODE ADDRESS : 1947 WEST 185TH STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90504
MORTGAGE AMOUNT : 242,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,220.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.73600
----------------------------------------------------------------
0 0031497746 MORTGAGORS: KESSLER ROBERT
KESSLER PATTI
REGION CODE ADDRESS : 15549 LA MAIDA STREET
01 CITY : ENCINO AREA
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,435.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031497753 MORTGAGORS: YOUNG DOUGLAS
REGION CODE ADDRESS : 2837 CIMMARON AVENUE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 267,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,551.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031497779 MORTGAGORS: KAUFMAN JONATHAN
KAUFMAN LISA
REGION CODE ADDRESS : 12600 WATERSPOUT COURT
01 CITY : OWINGS MILLS
STATE/ZIP : MD 21117
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,481.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,433.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.09000
----------------------------------------------------------------
0 0031497803 MORTGAGORS: WENDT DOUGLAS
WENDT KATHLEEN
REGION CODE ADDRESS : 2071 TRENTON ROAD
01 CITY : LIBERTYVILLE
STATE/ZIP : IL 60048
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,703.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,508,350.00
P & I AMT: 10,546.62
UPB AMT: 1,506,392.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 342
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031497811 MORTGAGORS: SHINDLER MARK
OKUMOTO ELAINE
REGION CODE ADDRESS : 1 BAY LANDING
01 CITY : SAN MATEO
STATE/ZIP : CA 94401
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,655.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.38709
----------------------------------------------------------------
0 0031497837 MORTGAGORS: SCHMISSRAUTER KURT
SCHMISSRAUTER JULIE
REGION CODE ADDRESS : 1614 CARROLL LANE
01 CITY : CHATTANOOGA
STATE/ZIP : TN 37405
MORTGAGE AMOUNT : 368,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,350.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,579.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.00000
----------------------------------------------------------------
0 0031497852 MORTGAGORS: RICHARDSON MICHAEL
RICHARDSON KELLI
REGION CODE ADDRESS : 6106 PROVIDENCE GLEN ROAD
01 CITY : CHARLOTTE
STATE/ZIP : NC 28270
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,848.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,356.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031497894 MORTGAGORS: MOORE MICHAEL
MOORE MARY ANN
REGION CODE ADDRESS : 4371 CAMELOT CIRCLE
01 CITY : NAPERVILLE
STATE/ZIP : IL 60564
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,574.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,952.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031497902 MORTGAGORS: FOSTER DONALD
FOSTER FLORENCE
REGION CODE ADDRESS : 101 FOREST HILL DRIVE
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 382,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,101.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,753,800.00
P & I AMT: 12,239.42
UPB AMT: 1,750,530.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 343
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031497910 MORTGAGORS: WILSON RONNY
WILSON SYLVIA
REGION CODE ADDRESS : 4501 EAST HARVEY WAY
01 CITY : LONG BEACH
STATE/ZIP : CA 90808
MORTGAGE AMOUNT : 255,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,990.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,720.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.85800
----------------------------------------------------------------
0 0031497928 MORTGAGORS: MARTIN AUDREY
REGION CODE ADDRESS : 931 ANATRA COURT
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 293,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,040.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031497969 MORTGAGORS: TOBEY STEVEN
TOBEY SHERI
REGION CODE ADDRESS : 4902 DOLPHIN WAY
01 CITY : OXNARD
STATE/ZIP : CA 93035
MORTGAGE AMOUNT : 106,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 105,842.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 741.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 48.18100
----------------------------------------------------------------
0 0031497985 MORTGAGORS: THOMPSON JOHN
THOMPSON LISA
REGION CODE ADDRESS : 149 LAKESIDE DRIVE
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,786.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031497993 MORTGAGORS: CHWALEK ARTHUR
CHWALEK ERICA
REGION CODE ADDRESS : 1117 CHADWICK COURT
01 CITY : AURORA
STATE/ZIP : IL 60504
MORTGAGE AMOUNT : 276,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,098.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.76300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,211,400.00
P & I AMT: 8,354.98
UPB AMT: 1,209,758.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 344
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031498009 MORTGAGORS: SAHEBI ARDESHIR
REGION CODE ADDRESS : 717 ORCHARD WAY
01 CITY : SILVER SPRING
STATE/ZIP : MD 20904
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,839.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031498041 MORTGAGORS: FRIEDLANDER LEONARD
REGION CODE ADDRESS : 10534 PENFIELD AVENUE
01 CITY : LOS ANGELES CHATSWORTH AR
STATE/ZIP : CA 91311
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.17000
----------------------------------------------------------------
0 0031498058 MORTGAGORS: FORD DAVID
FORD REBECCA
REGION CODE ADDRESS : 24322 TIMOTHY DRIVE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,802.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,725.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.41100
----------------------------------------------------------------
0 0031498074 MORTGAGORS: NICHOLS THOMAS
NICHOLS DEBRA
REGION CODE ADDRESS : 16 SALERMO
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,477.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.38000
----------------------------------------------------------------
0 0031498116 MORTGAGORS: SANEI BAHMAN
SANEI MAHVASH
REGION CODE ADDRESS : 2102 AND 2102B SOUTH BENTLEY AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90025
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,778.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,083.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 67.72700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,472,250.00
P & I AMT: 10,349.51
UPB AMT: 1,470,675.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 345
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031498124 MORTGAGORS: WILSON GARLAND
WILSON LINDA
REGION CODE ADDRESS : 5821 JOHNS WOOD DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 327,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,311.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.04700
----------------------------------------------------------------
0 0031498132 MORTGAGORS: SHILLANDER RICHARD
SHILLANDER LESLEE
REGION CODE ADDRESS : 22115 CAIRNLOCH STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 470,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 469,651.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,286.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.68500
----------------------------------------------------------------
0 0031498165 MORTGAGORS: WILLETT LLOYD
WILLETT RUTH
REGION CODE ADDRESS : 633 RANCHITO DRIVE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92025
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,575.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.00000
----------------------------------------------------------------
0 0031498181 MORTGAGORS: HAAS JOHN
REGION CODE ADDRESS : 4942 SOUTHCREST AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92110
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,821.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.67700
----------------------------------------------------------------
0 0031498199 MORTGAGORS: JANKE LAURA
REGION CODE ADDRESS : 20 BERLIN AVENUE
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,589.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.50000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,626,800.00
P & I AMT: 11,470.95
UPB AMT: 1,624,949.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 346
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031498207 MORTGAGORS: WHITE TERRYL
WHITE MARIALICE
REGION CODE ADDRESS : 20601 MARSH CT
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,491.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.10256
----------------------------------------------------------------
0 0031498223 MORTGAGORS: CIARLANTI RALPH
CIARLANTI SUSAN
REGION CODE ADDRESS : 1670 MARILYN LANE
01 CITY : SAN MARCOS
STATE/ZIP : CA 92069
MORTGAGE AMOUNT : 386,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,813.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,699.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031498264 MORTGAGORS: TRUESDALE J.
TRUESDALE MARTY
REGION CODE ADDRESS : 19055 BAYHILL LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 489,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 488,289.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,461.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.04900
----------------------------------------------------------------
0 0031498272 MORTGAGORS: WING SCOTT
WING SUSAN
REGION CODE ADDRESS : 2249 VIA VERDE
01 CITY : EL CAJON
STATE/ZIP : CA 92019
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,713.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,596.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.33300
----------------------------------------------------------------
0 0031498306 MORTGAGORS: ROSS RICHARD
ROSS MARY
REGION CODE ADDRESS : 1644 VALLEY OAKS DRIVE
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 297,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,461.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99355
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,876,800.00
P & I AMT: 13,084.95
UPB AMT: 1,869,771.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 347
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031498322 MORTGAGORS: RAO DILIP
RAO SHEELA
REGION CODE ADDRESS : 6691 ELWOOD ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,621.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.14200
----------------------------------------------------------------
0 0031498330 MORTGAGORS: LAM JUDY
LAM YUN
REGION CODE ADDRESS : 318 WINGAD TERRACE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,781.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.84200
----------------------------------------------------------------
0 0031498348 MORTGAGORS: MANETTA JOHN
MANETTA SUSAN
REGION CODE ADDRESS : 1919 WESTOVER ROAD
01 CITY : YARDLEY
STATE/ZIP : PA 19067
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,616.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031498355 MORTGAGORS: BYRENS KIM
BYRENS ERIC
REGION CODE ADDRESS : 5595 MOUNTAIN VIEW AVENUE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 287,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,386.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031498363 MORTGAGORS: KULKARNI KRISHNA
KULKARNI RAMA
REGION CODE ADDRESS : 1467 PETAL WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,485.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,505.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.24400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,439,600.00
P & I AMT: 10,071.70
UPB AMT: 1,437,891.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 348
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031498371 MORTGAGORS: FOX ANDREW
FOX SUSAN
REGION CODE ADDRESS : 1324 WEST 21 STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90732
MORTGAGE AMOUNT : 303,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,963.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,068.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031498397 MORTGAGORS: HEALD RIEN
HEALD JENNIFER
REGION CODE ADDRESS : 2307 HOLSTEIN COURT
01 CITY : NAPERVILLE
STATE/ZIP : IL 60564
MORTGAGE AMOUNT : 233,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,761.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 88.29500
----------------------------------------------------------------
0 0031498405 MORTGAGORS: PARRA JORGE
TRUJILLO DEBBIE
REGION CODE ADDRESS : 1633 KIMBERLY WOODS DRIVE
01 CITY : EL CAJON
STATE/ZIP : CA 92020
MORTGAGE AMOUNT : 276,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,995.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,931.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.25800
----------------------------------------------------------------
0 0031498413 MORTGAGORS: HIATT STEVE
HIATT TINA
REGION CODE ADDRESS : 8129 HESS
01 CITY : WILLOW SPRINGS
STATE/ZIP : IL 60480
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,397.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031498439 MORTGAGORS: HINSON DALE
HINSON CAROLYN
REGION CODE ADDRESS : 6955 E PEREGRINE WAY
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,353.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 88.88900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,484,500.00
P & I AMT: 10,405.84
UPB AMT: 1,481,470.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 349
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031498470 MORTGAGORS: HIRSHON JON
HIRSHON A
REGION CODE ADDRESS : 1062 RIVER BAY RD
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21401
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,265.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,456.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 82.61900
----------------------------------------------------------------
0 0031498512 MORTGAGORS: GORMAN HUGH
GORMAN MARY ELLEN
REGION CODE ADDRESS : 16 PIONEER ROAD
01 CITY : HINGHAM
STATE/ZIP : MA 02043
MORTGAGE AMOUNT : 232,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,162.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,645.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031498546 MORTGAGORS: FRITSCHEN DANIEL
FRITSCHEN BARBARA
REGION CODE ADDRESS : 1604 VIREO AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 253,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,846.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.40000
----------------------------------------------------------------
0 0031498595 MORTGAGORS: GENGARO STEPHEN
GENGARO CARIANNE
REGION CODE ADDRESS : 14 TWIN HILLS DRIVE
01 CITY : BOONTON TWNSHP
STATE/ZIP : NJ 07005
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,125.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031498637 MORTGAGORS: TIERNEY PETER
TIERNEY ELIZABETH
REGION CODE ADDRESS : 22 MILTIADES AVENUE
01 CITY : GREENWICH
STATE/ZIP : CT 06878
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,557.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 65.60900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,501,900.00
P & I AMT: 10,516.08
UPB AMT: 1,498,957.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 350
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031498694 MORTGAGORS: SMAGALA STANLEY
SMAGALA BRIDGET
REGION CODE ADDRESS : 1293 DRAWBRIDGE LANE
01 CITY : LEMONT
STATE/ZIP : IL 60439
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,526.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.47400
----------------------------------------------------------------
0 0031498710 MORTGAGORS: BARROWCLIFF STUART
BARROWCLIFF REGINA
REGION CODE ADDRESS : 25 MIDDLESEX ROAD
01 CITY : DARIEN
STATE/ZIP : CT 06820
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,424.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.70700
----------------------------------------------------------------
0 0031498751 MORTGAGORS: BLOSSOM RODNEY
BLOSSOM TRUDY
REGION CODE ADDRESS : 275 EASTRIDGE LANE
01 CITY : LOGAN
STATE/ZIP : UT 84331
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,805.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031498785 MORTGAGORS: MCERLEAN DONALD
MCERLEAN SALLY
REGION CODE ADDRESS : 20829 CHESTNUT RIDGE DRIVE
01 CITY : LEONARDTOWN
STATE/ZIP : MD 20650
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,596.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031498827 MORTGAGORS: MAURER KENNETH
MAURER CHERYL
REGION CODE ADDRESS : 307 WHITE HERON COURT
01 CITY : OCEAN CITY
STATE/ZIP : MD 21842
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,519.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.57600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,466,000.00
P & I AMT: 9,942.27
UPB AMT: 1,463,872.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 351
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031498850 MORTGAGORS: CREGER PHILIP
CREGER KATHLEEN
REGION CODE ADDRESS : 3451 WOODSTOCK LANE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,305.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,142.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.66600
----------------------------------------------------------------
0 0031498868 MORTGAGORS: MCLELLAN ROBERT
MCLELLAN JANET
REGION CODE ADDRESS : 19656 BRAEMAR DRIVE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 586,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 585,565.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,097.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.89600
----------------------------------------------------------------
0 0031498884 MORTGAGORS: WELLS THOMAS
REGION CODE ADDRESS : 22013 CARTER MILL WAY
01 CITY : BROOKEVILLE
STATE/ZIP : MD 20833
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,389.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.56500
----------------------------------------------------------------
0 0031498892 MORTGAGORS: ALLMAN PAUL
REGION CODE ADDRESS : 2204 NORTH ARDMORE AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,804.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.40200
----------------------------------------------------------------
0 0031498934 MORTGAGORS: SHORTSLEEVE JOSEPH
SHORTSLEEVE SUSAN
REGION CODE ADDRESS : 683 BOSTON POST ROAD
01 CITY : WESTON
STATE/ZIP : MA 02193
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,150.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,555.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.88100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,081,000.00
P & I AMT: 14,469.23
UPB AMT: 2,078,214.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 352
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031498983 MORTGAGORS: GENTILCORE JAMES
BYNUM JAMES
REGION CODE ADDRESS : 4242 MCFARLANE AVENUE
01 CITY : BURBANK
STATE/ZIP : CA 91505
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,026.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,928.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031499023 MORTGAGORS: BHATIA A
BHATIA NEERA
REGION CODE ADDRESS : 623 COLE RANCH ROAD
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 383,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,120.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,645.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 61.28000
----------------------------------------------------------------
0 0031499072 MORTGAGORS: LIPSON STEVEN
WEATHERBEE JANA
REGION CODE ADDRESS : 131 WITCH LANE
01 CITY : NORWALK
STATE/ZIP : CT 06853
MORTGAGE AMOUNT : 277,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,876.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 53.84400
----------------------------------------------------------------
0 0031499114 MORTGAGORS: LEONE BARRY
LEONE SUSAN
REGION CODE ADDRESS : 3272 ST ALBANS DRIVE
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,368.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.98900
----------------------------------------------------------------
0 0031499189 MORTGAGORS: HARRIS JOHN
FULLER HARRIS MARY
REGION CODE ADDRESS : 4047 VAILWOOD DRIVE
01 CITY : NASHVILLE
STATE/ZIP : TN 37215
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,590.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,627,300.00
P & I AMT: 11,239.38
UPB AMT: 1,623,982.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 353
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031499288 MORTGAGORS: HUGHES EDWARD
REGION CODE ADDRESS : 1685 BRIGHTWAY PLACE
01 CITY : BRENTWOOD
STATE/ZIP : TN 37027
MORTGAGE AMOUNT : 355,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,833.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,455.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031499320 MORTGAGORS: KATZ JEROLD
KATZ BETH
REGION CODE ADDRESS : 3 BEECHAM CT
01 CITY : OWINGS MILLS
STATE/ZIP : MD 21117
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,610.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031499379 MORTGAGORS: LAMBELL DENNIS
LAMBELL BARBARA
REGION CODE ADDRESS : 1666 ANDORRE GLEN
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 308,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,190.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,133.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.34100
----------------------------------------------------------------
0 0031499452 MORTGAGORS: GRUNDLEHNER PHILIP
WINAY NORA
REGION CODE ADDRESS : 599 REYNARD COURT
01 CITY : BLOOMFIELD HILLS
STATE/ZIP : MI 48304
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,483.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.73900
----------------------------------------------------------------
0 0031499528 MORTGAGORS: PERRY MATTHEW
PERRY MERRIE
REGION CODE ADDRESS : 826 S BRUNER STREET
01 CITY : HINSDALE
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,405.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,592.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.16600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,629,400.00
P & I AMT: 11,193.55
UPB AMT: 1,626,523.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 354
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031499544 MORTGAGORS: ANDERSON BRETT
ANDERSON JENNIFER
REGION CODE ADDRESS : 7 PADDOCK COURT
01 CITY : PLEASANT HILL
STATE/ZIP : CA 94523
MORTGAGE AMOUNT : 264,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,603.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031499577 MORTGAGORS: CYPRIEN DAVID
CYPRIEN PAMELA
REGION CODE ADDRESS : 27140 BIG HORN MOUNTAIN WAY
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,484.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 48.18100
----------------------------------------------------------------
0 0031499601 MORTGAGORS: CONRAD ALAN
CAPAROSA SUSAN
REGION CODE ADDRESS : 10525 QUAIL SPRINGS COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,756.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.30860
----------------------------------------------------------------
0 0031499635 MORTGAGORS: BORRELLI GLENN
BORRELLI LOUISE
REGION CODE ADDRESS : 3508 SARATOGA AVENUE
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21403
MORTGAGE AMOUNT : 419,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,841.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,858.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.50800
----------------------------------------------------------------
0 0031499650 MORTGAGORS: RIDER ROGER
RIDER JULIANNE
REGION CODE ADDRESS : 720 NICHOLSON AVENUE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,822.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.38461
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,498,800.00
P & I AMT: 10,306.54
UPB AMT: 1,496,508.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 355
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031499700 MORTGAGORS: YOUNG JAMES
YOUNG CAROLINE
REGION CODE ADDRESS : 3842 MT ARIANE DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92111
MORTGAGE AMOUNT : 269,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,599.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031499742 MORTGAGORS: SAUER ROBERT
SAUER GINA
REGION CODE ADDRESS : 40498 BROWNS LANE
01 CITY : WATERFORD
STATE/ZIP : VA 20197
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,719.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,455.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.00000
----------------------------------------------------------------
0 0031499775 MORTGAGORS: PETERSON PHILIP
PETERSON BRENDA
REGION CODE ADDRESS : 407 21ST STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 295,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,504.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031499825 MORTGAGORS: RADICE LUIS
RADICE SUSANA
REGION CODE ADDRESS : 1450 MCLEAN MEWS COURT
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,599.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.11200
----------------------------------------------------------------
0 0031499833 MORTGAGORS: RABBANI SOHRAB
RABBANI SHAHAB
REGION CODE ADDRESS : 14880 VALLEY VISTA BLVD
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,772.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,511,000.00
P & I AMT: 10,495.22
UPB AMT: 1,509,196.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 356
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031499866 MORTGAGORS: MATHES KAREN
REGION CODE ADDRESS : 8807 MOONEY ROAD
01 CITY : ELK GROVE
STATE/ZIP : CA 95624
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,795.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.51613
----------------------------------------------------------------
0 0031499882 MORTGAGORS: UPSHAW MONTAGUE
UPSHAW CAROL
REGION CODE ADDRESS : 1145 MARTINO ROAD
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,657.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,108.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031499916 MORTGAGORS: SUGARMAN JEFFERY
SUGARMAN FREDERIQUE
REGION CODE ADDRESS : 888 SHAWDOW CREEK PLACE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,291.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 57.47100
----------------------------------------------------------------
0 0031499924 MORTGAGORS: HARRIS MATTHEW
HARRIS DEBRA
REGION CODE ADDRESS : 108 HESKETH COURT
01 CITY : ROSEVILLE
STATE/ZIP : CA 95747
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,804.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.12500
----------------------------------------------------------------
0 0031499973 MORTGAGORS: PANTALEO MICHAEL
REGION CODE ADDRESS : 4572 SANTA CRUZ AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92107
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,751.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,206.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.04900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,770,000.00
P & I AMT: 12,389.40
UPB AMT: 1,767,301.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 357
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031499999 MORTGAGORS: MICAL GARY
REARDON ALICE
REGION CODE ADDRESS : 8 LIGHTHOUSE LANE
01 CITY : GRAYSLAKE
STATE/ZIP : IL 60030
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,258.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031500010 MORTGAGORS: BURKHOLDER ALAN
BURKHOLDER PATRICIA
REGION CODE ADDRESS : 24 BIRKDALE WAY
01 CITY : COTO DE CAZA AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,147.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,450.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.33000
----------------------------------------------------------------
0 0031500069 MORTGAGORS: HABASH NADER
HABASH CAROLE
REGION CODE ADDRESS : 6963 BRET HARTE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,276.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.73600
----------------------------------------------------------------
0 0031500176 MORTGAGORS: MARSHALL BRAD
MARSHALL ROBIN
REGION CODE ADDRESS : 8343 ARGENT CIRCLE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,397.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.61100
----------------------------------------------------------------
0 0031500234 MORTGAGORS: RICCI ANTHONY
REGION CODE ADDRESS : 415 RED BIRCH ROAD
01 CITY : MILLERSVILLE
STATE/ZIP : MD 21108
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,634.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.96500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,433,000.00
P & I AMT: 10,266.21
UPB AMT: 1,429,715.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 358
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031500283 MORTGAGORS: WARHURST CRAIG
WARHURST GLENNA
REGION CODE ADDRESS : 17570 LUNA DE MIEL
01 CITY : RANCHO SANTA FE
STATE/ZIP : CA 92067
MORTGAGE AMOUNT : 359,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,001.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,603.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 49.86100
----------------------------------------------------------------
0 0031500317 MORTGAGORS: LENNON ANNE
REGION CODE ADDRESS : 80 CARESWELL STREET
01 CITY : MARSHFIELD
STATE/ZIP : MA 02050
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.23000
----------------------------------------------------------------
0 0031500333 MORTGAGORS: HUTCHINGS BRIAN
HUTCHINGS BARBARA
REGION CODE ADDRESS : 227 SOUTH BALDWIN AVENUE
01 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,629.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.63630
----------------------------------------------------------------
0 0031500382 MORTGAGORS: LEONARD JAMES
REGION CODE ADDRESS : 269 ROCKHURST ROAD
01 CITY : BOLLINGBROOK
STATE/ZIP : IL 60440
MORTGAGE AMOUNT : 81,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 81,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 549.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.61900
----------------------------------------------------------------
0 0031500408 MORTGAGORS: PESCAR DANIEL
PESCAR CYNTHIA
REGION CODE ADDRESS : 1847 ENCINO DRIVE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92025
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,544.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.73900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,283,500.00
P & I AMT: 9,111.03
UPB AMT: 1,281,675.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 359
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031500432 MORTGAGORS: GOLDSTEIN MATTHEW
GOLDSTEIN BETH
REGION CODE ADDRESS : 611 LATHAM DR
01 CITY : WYNNEWOOD
STATE/ZIP : PA 19096
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,313.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.67700
----------------------------------------------------------------
0 0031500846 MORTGAGORS: GALLOWAY MICHAEL
GALLOWAY MARY
REGION CODE ADDRESS : 2056 EAST NORCROFT STREET
01 CITY : MESA
STATE/ZIP : AZ 85213
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,790.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,289.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.00000
----------------------------------------------------------------
0 0031501083 MORTGAGORS: MILLER DONALD
MILLER MARGARET
REGION CODE ADDRESS : 5380 VIA ASTURIAS
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,317.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.38000
----------------------------------------------------------------
0 0031501109 MORTGAGORS: GOMEZ PAUL
SCHAFFER DIANE
REGION CODE ADDRESS : 16 GLENWOOD AVENUE
01 CITY : NEWTON CENTRE
STATE/ZIP : MA 02159
MORTGAGE AMOUNT : 335,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,712.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,258.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031501117 MORTGAGORS: MCMICHAEL PATRICK
MCMICHAEL ELIZABETH
REGION CODE ADDRESS : 5114 BRANDYWINE DR.
01 CITY : EAGLEVILLE
STATE/ZIP : PA 19403
MORTGAGE AMOUNT : 241,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,476.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,589.12 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 78.03200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,150.00
P & I AMT: 9,834.66
UPB AMT: 1,416,609.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 360
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031501125 MORTGAGORS: DHINGRA VIJAK
DHINGRA UMA
REGION CODE ADDRESS : 11303 GARDEN POINT VIEW
01 CITY : MIDLOTHIAN
STATE/ZIP : VA 23113
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,214.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,107.29 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/23
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.42700
----------------------------------------------------------------
0 0031501133 MORTGAGORS: SULLIVAN DOLAN
SULLIVAN DELIA
REGION CODE ADDRESS : 7212 VALON COURT
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22307
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,416.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.03 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 52.38000
----------------------------------------------------------------
0 0031501141 MORTGAGORS: SORIA CESAR
SORIA REBECCA
REGION CODE ADDRESS : 19820 SIERRA MEADOWS LANE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,664.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031501299 MORTGAGORS: DOMAN JEFFREY
DOMAN SUE
REGION CODE ADDRESS : 3575 DAVIS STREET
01 CITY : EVANSTON
STATE/ZIP : IL 60203
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,783.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.02500
----------------------------------------------------------------
0 0031501430 MORTGAGORS: BOILEAU STEVEN
BOILEAU GINA
REGION CODE ADDRESS : 1439 HARLE PLACE, S.W.,
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 280,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,265.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,820.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,449,750.00
P & I AMT: 9,836.76
UPB AMT: 1,447,343.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 361
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031501455 MORTGAGORS: WENZEL BRETT
WENZEL JULIE
REGION CODE ADDRESS : 11526 VILLAGE RIDGE ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 244,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,257.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,648.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.97700
----------------------------------------------------------------
0 0031501489 MORTGAGORS: RAI BHUPINDER
RAI MANPREET
REGION CODE ADDRESS : 4303 REDLANDS STREET
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 264,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,704.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.28 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 91.24300
----------------------------------------------------------------
0 0031501497 MORTGAGORS: DIEHL ROBERT
DIEHL LEE ANN
REGION CODE ADDRESS : 2669 HALLE PARKWAY
01 CITY : COLLERVILLE
STATE/ZIP : TN 38017
MORTGAGE AMOUNT : 394,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,782.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,690.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031501505 MORTGAGORS: WICKES AERON
WICKES MARY
REGION CODE ADDRESS : 12216 GLADEHOLLOW COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 377,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,193.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,545.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031501612 MORTGAGORS: RUBINO NICHOLAS
RUBINO MELORI
REGION CODE ADDRESS : 35 CHEYENNE DRIVE
01 CITY : MONTVILLE
STATE/ZIP : NJ 07045
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 520,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,680.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,801,000.00
P & I AMT: 12,299.89
UPB AMT: 1,798,939.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 362
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031501919 MORTGAGORS: ROSE DON
REGION CODE ADDRESS : 4214 MEADOW WOOD COURT
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 270,238.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,815.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,843.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031501976 MORTGAGORS: HERENDEEN DENNIS
HERENDEEN PATRICIA
REGION CODE ADDRESS : 5134 EAST SHOSHONE AVENUE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 258,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,985.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031501992 MORTGAGORS: WONG MARILYN
SANO EDEN
REGION CODE ADDRESS : 143 KESTREL COURT,UNIT #143
01 CITY : BRISBANE
STATE/ZIP : CA 94005
MORTGAGE AMOUNT : 286,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,940.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.88800
----------------------------------------------------------------
0 0031502164 MORTGAGORS: MARTIN MARK
MARTIN MAUREEN
REGION CODE ADDRESS : 379 RIESLING COURT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,436.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,455.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.66700
----------------------------------------------------------------
0 0031502206 MORTGAGORS: PACILLIO MICHAEL
PACILLIO LORRIE
REGION CODE ADDRESS : 5316 STONE FALLS LANE
01 CITY : DALLAS
STATE/ZIP : TX 75287
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,438.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 46.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,525,038.00
P & I AMT: 10,327.78
UPB AMT: 1,522,616.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 363
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031502248 MORTGAGORS: PATTON WALTER
PATTON MAY
REGION CODE ADDRESS : 22751 BURLWOOD
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,383.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.61600
----------------------------------------------------------------
0 0031502263 MORTGAGORS: FRIEDLANDER LEONARD
FRIEDLANDER CHRISTA
REGION CODE ADDRESS : 9306 BRAYMORE CIRCLE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,546.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.04700
----------------------------------------------------------------
0 0031502347 MORTGAGORS: GENTRY NEWTON
GENTRY PAMELA
REGION CODE ADDRESS : 314 BROAD CREEK DRIVE
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21401
MORTGAGE AMOUNT : 345,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,031.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,299.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031502529 MORTGAGORS: MICHEL STEVEN
MICHEL JEAN
REGION CODE ADDRESS : 1863 VIA ACORDE
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,737.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,382.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.40909
----------------------------------------------------------------
0 0031502560 MORTGAGORS: BARBER JAMES
BARBER LOUELLA
REGION CODE ADDRESS : 1601 QUAIL RUN
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,804.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,838.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.08100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,618,600.00
P & I AMT: 10,994.26
UPB AMT: 1,616,503.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 364
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031502719 MORTGAGORS: STECKEL PETER
STECKEL VERNA
REGION CODE ADDRESS : 32 BELLGROVE DRIVE
01 CITY : TOWNSHIP OF MAHWAH
STATE/ZIP : NJ 07430
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,830.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.84800
----------------------------------------------------------------
0 0031502800 MORTGAGORS: SCANLON E
REGION CODE ADDRESS : 1546 CHERRY LAKE WAY
01 CITY : HEATHROW
STATE/ZIP : FL 32746
MORTGAGE AMOUNT : 246,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,117.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.96500
----------------------------------------------------------------
0 0031503139 MORTGAGORS: BARTELLI KENNETH
BARTELLI DONNA
REGION CODE ADDRESS : 5515 VIA SEPULVEDA
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,797.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.88880
----------------------------------------------------------------
0 0031503295 MORTGAGORS: KAMIAN ALICIA
RUANE MARK
REGION CODE ADDRESS : 2565 SAN CARLOS AVENUE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,761.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,007.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031503329 MORTGAGORS: SHELLEY CURTIS
SHELLEY LYNNE
REGION CODE ADDRESS : 33911 CALLE DE BONANZA
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,042.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,349,800.00
P & I AMT: 9,353.36
UPB AMT: 1,348,548.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 365
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031503378 MORTGAGORS: HALLER L
HALLER YASUE
REGION CODE ADDRESS : 5924 COLONY DR
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,720.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,442.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031503386 MORTGAGORS: COTTER JOHN
COTTER BARBARA
REGION CODE ADDRESS : 7839 PROSPECT PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,666.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,146.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.25000
----------------------------------------------------------------
0 0031503402 MORTGAGORS: HANSON LINDA
REGION CODE ADDRESS : 1816 WOOD STREET
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 50,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 49,966.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 366.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 26.17800
----------------------------------------------------------------
0 0031503428 MORTGAGORS: DOYLE DEAN
DOYLE ROBERTA
REGION CODE ADDRESS : 876 BARBER WAY
01 CITY : GARDNERVILLE
STATE/ZIP : NV 89410
MORTGAGE AMOUNT : 133,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 133,403.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 944.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031503436 MORTGAGORS: STALLWORTH WILLIAM
STALLWORTH SUSANNE
REGION CODE ADDRESS : 415 MAGELLAN AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,809.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.52300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,241,500.00
P & I AMT: 8,627.14
UPB AMT: 1,240,566.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 366
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031503444 MORTGAGORS: GONZALES THEODORE
GONZALES LEAH ANN
REGION CODE ADDRESS : 2242 SALISBURY WAY
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,806.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,754.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.75100
----------------------------------------------------------------
0 0031503477 MORTGAGORS: SPIELMAN SUSAN
REGION CODE ADDRESS : 28 ACACIA AVENUE
01 CITY : LARKSPUR
STATE/ZIP : CA 94939
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,604.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,901.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 51.25000
----------------------------------------------------------------
0 0031503493 MORTGAGORS: ELLENBURG DANIEL
BELL-ELLENBURG JUDITH
REGION CODE ADDRESS : 142 TOYAN DRIVE
01 CITY : FAIRFAX
STATE/ZIP : CA 94930
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,647.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.91800
----------------------------------------------------------------
0 0031503568 MORTGAGORS: FISHER MARK
FISHER MANDY
REGION CODE ADDRESS : 16 PLEASANT HILL DRIVE
01 CITY : ROLLING HILLS
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 595,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 594,569.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,211.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.38700
----------------------------------------------------------------
0 0031503584 MORTGAGORS: MUNOZ RICHARD
MUNOZ VICTORIA
REGION CODE ADDRESS : 2197 SAN GABRIEL AVENUE
01 CITY : CLOVIS
STATE/ZIP : CA 93611
MORTGAGE AMOUNT : 231,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,136.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,745,300.00
P & I AMT: 12,373.62
UPB AMT: 1,743,765.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 367
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031503618 MORTGAGORS: NICKERSON VALERIE
REGION CODE ADDRESS : 12612 BUBBLING WELL ROAD
01 CITY : SANTA ANA AREA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 209,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 209,379.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,519.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.84700
----------------------------------------------------------------
0 0031503659 MORTGAGORS: ELA STEPHEN
REGION CODE ADDRESS : 1475 BARLEY GRAIN LANE
01 CITY : PASO ROBLES
STATE/ZIP : CA 93446
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,041.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031503758 MORTGAGORS: DUFFY JOAN
REGION CODE ADDRESS : 1345 CERRITOS DRIVE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 377,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,212.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,607.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.29700
----------------------------------------------------------------
0 0031503766 MORTGAGORS: DIRKSEN PHILIP
DIRKSEN ZANA
REGION CODE ADDRESS : 3831 HILLGROVE WAY
01 CITY : CARMICHAEL
STATE/ZIP : CA 95608
MORTGAGE AMOUNT : 253,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,473.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.99200
----------------------------------------------------------------
0 0031503949 MORTGAGORS: SNOWDON KENNETH
SNOWDON BEVERLY
REGION CODE ADDRESS : 19441 CATFISH CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 153,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 152,880.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,043.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 72.85700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,275,200.00
P & I AMT: 8,977.91
UPB AMT: 1,273,987.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 368
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031503964 MORTGAGORS: STEVENS LUCILLE
REGION CODE ADDRESS : 613 NORTH MOUNTAIN VIEW PLACE
01 CITY : FULLERTON
STATE/ZIP : CA 92831
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,931.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 725.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 42.37200
----------------------------------------------------------------
0 0031504004 MORTGAGORS: BROWN KIMBALL
REGION CODE ADDRESS : 15675 CHERRY BLOSSOM LANE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 431,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,358.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,013.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.95600
----------------------------------------------------------------
0 0031504194 MORTGAGORS: SHINGLEDECKER DAVID
SHINGLEDECKER REGINA
REGION CODE ADDRESS : 641 18TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 608,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 607,547.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,151.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.91091
----------------------------------------------------------------
0 0031504236 MORTGAGORS: DEE GARY
DEE DIANE
REGION CODE ADDRESS : 5288 SOUTHHAMPTON COVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 381,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,922.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,538.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031504251 MORTGAGORS: JOBSZ BERTRAM
JOBSZ NANCY
REGION CODE ADDRESS : 6492 EAST TAMARIND STREET
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,657.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,757,050.00
P & I AMT: 12,098.60
UPB AMT: 1,754,417.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 369
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031504269 MORTGAGORS: ATWOOD BERT
ATWOOD ANN
REGION CODE ADDRESS : 9343 KONOCTI BAY ROAD
01 CITY : KELSEYVILLE
STATE/ZIP : CA 95451
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,765.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031504293 MORTGAGORS: OLIVO LARRY
OLIVO LISA
REGION CODE ADDRESS : 1125 EL SOLYO HEIGHTS DRIVE
01 CITY : FELTON
STATE/ZIP : CA 95018
MORTGAGE AMOUNT : 266,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,052.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,861.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031504327 MORTGAGORS: PAGGI MARILYN
REGION CODE ADDRESS : 2746 MAYFIELD AVENUE
01 CITY : LA CRESCENTA
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 120,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 119,913.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 849.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031504343 MORTGAGORS: POWELL SOPHIE
REGION CODE ADDRESS : 14 OAK VIEW DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,788.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.25200
----------------------------------------------------------------
0 0031504483 MORTGAGORS: SMITH DAVID
SMITH RITA
REGION CODE ADDRESS : 941 PRESCOTT STREET
01 CITY : FORT MEYERS BEACH
STATE/ZIP : FL 33931
MORTGAGE AMOUNT : 242,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,064.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,716.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.81500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,228,750.00
P & I AMT: 8,623.18
UPB AMT: 1,227,584.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 370
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031504582 MORTGAGORS: SHAW THOMAS
SHAW CLAUDIA
REGION CODE ADDRESS : 4672 FIR AVENUE
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 255,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,010.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031504590 MORTGAGORS: PETRERA JOHN
REGION CODE ADDRESS : 1307 CERRO VERDE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 371,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,738.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,657.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.46500
----------------------------------------------------------------
0 0031504756 MORTGAGORS: KATZ JOSEPH
KATZ CINDY
REGION CODE ADDRESS : 1171 EGRET CIRCLE SOUTH
01 CITY : JUPITER
STATE/ZIP : FL 33458
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,259.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.98000
----------------------------------------------------------------
0 0031504772 MORTGAGORS: MILLER STEPHEN
MILLER GEMMA
REGION CODE ADDRESS : 1729 CATTAIL WOODS
01 CITY : WOODBINE
STATE/ZIP : MD 21797
MORTGAGE AMOUNT : 260,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,301.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,799.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031504798 MORTGAGORS: KOENIG WALTER
KOENIG URSULA
REGION CODE ADDRESS : 9 ALMOND COURT
01 CITY : LAFAYETTE HILL
STATE/ZIP : PA 19444
MORTGAGE AMOUNT : 238,089.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,888.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,564.08 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,380,789.00
P & I AMT: 9,617.54
UPB AMT: 1,379,199.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 371
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031504814 MORTGAGORS: NISEN STEVE
NISEN PEGGY
REGION CODE ADDRESS : 504 3RD STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 349,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,178.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,380.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 53.12000
----------------------------------------------------------------
0 0031504871 MORTGAGORS: DALY M
REGION CODE ADDRESS : 11 TALMAGE ROAD
01 CITY : BOROUGH OF MENDHAM
STATE/ZIP : NJ 07945
MORTGAGE AMOUNT : 379,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,711.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,617.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.98300
----------------------------------------------------------------
0 0031504897 MORTGAGORS: KEUNG PHILIP
KEUNG GLORIA
REGION CODE ADDRESS : 2420 TERREBONNE AVENUE
01 CITY : SAN DIAMAS
STATE/ZIP : CA 91773
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,781.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031505027 MORTGAGORS: GRAY JOHN
JIANOS JEAN
REGION CODE ADDRESS : 10746 RIVERSCAPE RUN
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 556,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 554,722.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,840.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.15700
----------------------------------------------------------------
0 0031505043 MORTGAGORS: GORSKI CARL
GORSKI JULIA
REGION CODE ADDRESS : 8317 ARMETALE LANE
01 CITY : FAIRFAX
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 252,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,124.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,765.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.37300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,816,500.00
P & I AMT: 12,514.24
UPB AMT: 1,813,518.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 372
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031505100 MORTGAGORS: CROASDALE HUDNALL
CROASDALE NANCY
REGION CODE ADDRESS : 8359 JUSTIN ROAD
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22309
MORTGAGE AMOUNT : 324,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,003.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,132.07 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031505118 MORTGAGORS: EHRLICH KAREN
REGION CODE ADDRESS : 6101 GRANBY ROAD
01 CITY : DERWOOD
STATE/ZIP : MD 20855
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,494.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,122.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.74600
----------------------------------------------------------------
0 0031505134 MORTGAGORS: HERMAN PAUL
HERMAN MALKA
REGION CODE ADDRESS : 276 MAPLE STREET
01 CITY : ENGLEWOOD
STATE/ZIP : NJ 07631
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,007.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,489.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 55.31900
----------------------------------------------------------------
0 0031505142 MORTGAGORS: SIEGEL MICHAEL
BROUN AMANDA
REGION CODE ADDRESS : 3614 ALBEMARLE STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20008
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,534.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.04700
----------------------------------------------------------------
0 0031505159 MORTGAGORS: SIMONICH MICAHEL
SIMONICH DEBORAH
REGION CODE ADDRESS : 15475 EAGLE TAVERN LANE
01 CITY : CENTREVILLE
STATE/ZIP : VA 22020
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,568.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 83.38300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,855,550.00
P & I AMT: 12,580.26
UPB AMT: 1,852,608.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 373
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031505167 MORTGAGORS: HOSCHEIT DONALD
HOSCHEIT DONNA
REGION CODE ADDRESS : 2705 ROYAL ST. JAMES COURT
01 CITY : ST. CHARLES
STATE/ZIP : IL 60174
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,262.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,099.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 62.58500
----------------------------------------------------------------
0 0031505183 MORTGAGORS: GARVIN JENNIFER
REGION CODE ADDRESS : 2909 CENTER AVENUE
01 CITY : FORT LAUDERDALE
STATE/ZIP : FL 33308
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,366.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,582.58 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 77.46000
----------------------------------------------------------------
0 0031505241 MORTGAGORS: RODGERS JOHN
REGION CODE ADDRESS : 4830 NE 28 AVENUE
01 CITY : LIGHTHOUSE POINT
STATE/ZIP : FL 33064
MORTGAGE AMOUNT : 416,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,895.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,947.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031505266 MORTGAGORS: DELLER STEVEN
DELLER DENISE
REGION CODE ADDRESS : 21488 COLONIAL VILLAGE WAY
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 296,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,151.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,025.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031505282 MORTGAGORS: LANDIS ALAN
LANDIS LISA
REGION CODE ADDRESS : 5322 TRUMPINGTON COURT
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22315
MORTGAGE AMOUNT : 277,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,682.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,820.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,694,500.00
P & I AMT: 11,475.38
UPB AMT: 1,691,357.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 374
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031505480 MORTGAGORS: STRAHAN DOUGLAS
STRAHAN DIANE
REGION CODE ADDRESS : 2058 MADRILLON ROAD
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,580.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.36800
----------------------------------------------------------------
0 0031505506 MORTGAGORS: JASO MARK
JASO JANET
REGION CODE ADDRESS : 6323 COLCHESTER ROAD
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,390.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,560.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031505530 MORTGAGORS: ANDERSON CRAIG
ANDERSON E
REGION CODE ADDRESS : 12481 MANDERLEY WAY
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,404.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.66 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 74.67500
----------------------------------------------------------------
0 0031505647 MORTGAGORS: CHAN STEPHEN
CHAN VIVIAN
REGION CODE ADDRESS : 2555 SYCAMORE DRIVE
01 CITY : SAN MARINO
STATE/ZIP : CA 91108
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,724.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,689.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.37030
----------------------------------------------------------------
0 0031505951 MORTGAGORS: ESTABILLO RANILO
ESTABILLO BERNADETTE
REGION CODE ADDRESS : 39369 LOGAN DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94538
MORTGAGE AMOUNT : 170,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 169,867.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,159.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.23318
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,550,000.00
P & I AMT: 10,546.47
UPB AMT: 1,547,967.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 375
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031506249 MORTGAGORS: FOGGIATO MARK
REGION CODE ADDRESS : 4809 RUE LYON COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 269,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,399.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031506355 MORTGAGORS: HERNANDEZ DAVID
HERNANDEZ ANGELA
REGION CODE ADDRESS : 702 WALNUT STREET
01 CITY : PACIFIC GROVE
STATE/ZIP : CA 93950
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,794.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.40000
----------------------------------------------------------------
0 0031506363 MORTGAGORS: MILLER R.
REGION CODE ADDRESS : 5 JOYCE LANE
01 CITY : SIMSBURY
STATE/ZIP : CT 06070
MORTGAGE AMOUNT : 342,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,132.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,335.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031506538 MORTGAGORS: KING G
KING CATHLEEN
REGION CODE ADDRESS : 45 CHIPPINGSTONE ROAD
01 CITY : NORTH ATTLEBOROUGH
STATE/ZIP : MA 02760
MORTGAGE AMOUNT : 215,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,484.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.39400
----------------------------------------------------------------
0 0031506553 MORTGAGORS: HAZARD JON
HAZARD SHELLYN
REGION CODE ADDRESS : 2231 WILCOX DR
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,762.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,000.00
P & I AMT: 9,828.33
UPB AMT: 1,418,089.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 376
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031506637 MORTGAGORS: ANDERSON SANDRA
REGION CODE ADDRESS : 6113 BRAHMA DRIVE NW
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87120
MORTGAGE AMOUNT : 80,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 80,732.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 530.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031506645 MORTGAGORS: CHOPRA VINOD
CHOPRA MANOJ
REGION CODE ADDRESS : 2130 GREER RD
01 CITY : PALO ALTO
STATE/ZIP : CA 94303
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,619.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,453.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 55.12600
----------------------------------------------------------------
0 0031506710 MORTGAGORS: PRICE ROBERT
REGION CODE ADDRESS : 13506 SAINT MARYS LANE
01 CITY : HOUSTON
STATE/ZIP : TX 77079
MORTGAGE AMOUNT : 258,875.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,678.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031507023 MORTGAGORS: MICHAELS JEFFREY
MICHAELS CATHY
REGION CODE ADDRESS : 40 SOUTH MICHILLINDA AVENUE
01 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,703.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,592.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.49700
----------------------------------------------------------------
0 0031507072 MORTGAGORS: LOPEZ MARIO
LOPEZ MARICELA
REGION CODE ADDRESS : 9680 BLUE MOUND DRIVE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,786.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,499,675.00
P & I AMT: 10,298.33
UPB AMT: 1,498,520.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 377
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031507155 MORTGAGORS: JEWELL HERB
JEWELL JUDITH
REGION CODE ADDRESS : 217 ADA AVENUE #56
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,817.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.59500
----------------------------------------------------------------
0 0031507197 MORTGAGORS: LARSON JENNIFER
REGION CODE ADDRESS : 3279 HARRISON STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94110
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,837.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,585.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 75.93200
----------------------------------------------------------------
0 0031507486 MORTGAGORS: WILNAI GUY
WILNAI ILANIT
REGION CODE ADDRESS : 10420 WUNDERLICH DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 516,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 516,197.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,524.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 74.99000
----------------------------------------------------------------
0 0031507494 MORTGAGORS: HODGE WILLIAM
HODGE CHERYLE
REGION CODE ADDRESS : 9 FAIRE WINDS
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,687.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.19000
----------------------------------------------------------------
0 0031507544 MORTGAGORS: ILAS CEDRIX
ILAS BELINA
REGION CODE ADDRESS : 3349 CAVENDISH DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,811.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,640,600.00
P & I AMT: 11,334.80
UPB AMT: 1,639,351.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 378
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031507569 MORTGAGORS: SIMPSON RICHARD
SIMPSON RUBY
REGION CODE ADDRESS : 506 GRANT STREET
01 CITY : UPLAND
STATE/ZIP : CA 91784
MORTGAGE AMOUNT : 307,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,116.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,122.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.80700
----------------------------------------------------------------
0 0031507601 MORTGAGORS: TIET HOA
REGION CODE ADDRESS : 6838 VISTA AVENUE SOUTH
01 CITY : SEATTLE
STATE/ZIP : WA 98108
MORTGAGE AMOUNT : 80,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 79,944.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 580.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031507692 MORTGAGORS: C0LVIN RICHARD
PAYTON MELISSA
REGION CODE ADDRESS : 650 EAST CALAVERAS STREET
01 CITY : ALTADENA AREA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,839.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.35400
----------------------------------------------------------------
0 0031507775 MORTGAGORS: KAO DAH-BIN
KAO TA-WEI
REGION CODE ADDRESS : 3624 LUPINE AVENUE
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 383,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,922.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,712.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.88100
----------------------------------------------------------------
0 0031507809 MORTGAGORS: GILLILAND RICHARD
GILLILAND JEAN
REGION CODE ADDRESS : 3332 STONER AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 334,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,764.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,350,550.00
P & I AMT: 9,634.49
UPB AMT: 1,349,587.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 379
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031507858 MORTGAGORS: SAYAS JOSEF
SAYAS MICHAL
REGION CODE ADDRESS : 22404 PINEWOOD COURT
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,762.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 72.81000
----------------------------------------------------------------
0 0031507874 MORTGAGORS: WHITAKER RICHARD
WHITAKER CHRISTINE
REGION CODE ADDRESS : 17462 PLEASANT VIEW AVE
01 CITY : MONTE SERENO
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,718.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,281.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 57.16600
----------------------------------------------------------------
0 0031507882 MORTGAGORS: CHANG HAN
CHANG YONG
REGION CODE ADDRESS : 3831 188TH STREET SW
01 CITY : LYNNWOOD
STATE/ZIP : WA 98037
MORTGAGE AMOUNT : 157,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 156,886.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,111.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.36400
----------------------------------------------------------------
0 0031507916 MORTGAGORS: KETTEL L
KETTEL FAITH
REGION CODE ADDRESS : 409 LOMA LARGA DRIVE
01 CITY : SOLANA BEACH
STATE/ZIP : CA 92075
MORTGAGE AMOUNT : 496,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,603.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,341.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.36000
----------------------------------------------------------------
0 0031507932 MORTGAGORS: KUMLER MARK
THORNTON ERIC
REGION CODE ADDRESS : 4514 18TH STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 350,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,377.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.83100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,666,700.00
P & I AMT: 11,364.77
UPB AMT: 1,665,348.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 380
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031507957 MORTGAGORS: SIMMONDS M
SIMMONDS SARAH
REGION CODE ADDRESS : 31391 VIA SANTA MARIA
01 CITY : SAN JUAN
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 581,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 580,796.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,965.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031507973 MORTGAGORS: JERVIS JACQUELYNE
REGION CODE ADDRESS : 5 RIVA DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,729.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,367.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.43400
----------------------------------------------------------------
0 0031508054 MORTGAGORS: SMITH JEFFREY
SMITH NANCY
REGION CODE ADDRESS : 32822 BROOKSEED DRIVE
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,774.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031508096 MORTGAGORS: CLARIN ERNESTO
CLARIN TERESITA
REGION CODE ADDRESS : 2464 CLAY COURT
01 CITY : ROWLAND HEIGHTS
STATE/ZIP : CA 91748
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,314.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,620.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.16600
----------------------------------------------------------------
0 0031508112 MORTGAGORS: CARTWRIGHT V
CARTWRIGHT JUNKO
REGION CODE ADDRESS : 5669 BRAMBLEWOOD ROAD
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 496,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,603.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,341.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,957,750.00
P & I AMT: 13,338.53
UPB AMT: 1,956,218.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 381
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031508146 MORTGAGORS: GORSH STANLEY
GORSH VICKY
REGION CODE ADDRESS : 14071 MIRA MONTANA DRIVE
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,587.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,350.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031508237 MORTGAGORS: ORSINO DONLAD
ORSINO MARY JANE
REGION CODE ADDRESS : 110 THUNDERBIRD COURT
01 CITY : NOVATO
STATE/ZIP : CA 94949
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,687.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0031508245 MORTGAGORS: EDWARDS WILLIAM
KNIGGE SUSAN
REGION CODE ADDRESS : 7 CREST VIEW COURT
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 446,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 446,051.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,045.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.42400
----------------------------------------------------------------
0 0031508286 MORTGAGORS: HARLINE BRAD
HARLINE CHERYL
REGION CODE ADDRESS : 10 FREEDOM PLACE
01 CITY : IRVINE
STATE/ZIP : CA 92602
MORTGAGE AMOUNT : 256,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,808.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031508351 MORTGAGORS: PITTMAN CHARLES
PITTMAN JUDITH
REGION CODE ADDRESS : 3 FREEDOM PLACE
01 CITY : IRVINE
STATE/ZIP : CA 92602
MORTGAGE AMOUNT : 248,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,911.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,950,900.00
P & I AMT: 13,587.73
UPB AMT: 1,949,047.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 382
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031508393 MORTGAGORS: ABRAHAM EUSEBIO
ABRAHAM RUTH JUDITH
REGION CODE ADDRESS : 1448 CHAVEZ WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,627.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.46300
----------------------------------------------------------------
0 0031508492 MORTGAGORS: MERRILL MARK
MERRILL JANA
REGION CODE ADDRESS : 555 GOLD AVENUE
01 CITY : FELTON
STATE/ZIP : CA 95018
MORTGAGE AMOUNT : 133,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 133,398.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 922.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.17000
----------------------------------------------------------------
0 0031508930 MORTGAGORS: CHU JOHN
CHEW JO ELLEN
REGION CODE ADDRESS : 149 THATCHER LANE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,694.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,674.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.22600
----------------------------------------------------------------
0 0031508955 MORTGAGORS: COUTURE DAMIEN
COUTURE LYNN
REGION CODE ADDRESS : 3200 STONE VALLEY ROAD
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 366,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,527.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,564.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031508971 MORTGAGORS: HIGAKI CLYDE
HIGAKI SHERRY
REGION CODE ADDRESS : 361 SUNSET AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,807.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.86600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,389,300.00
P & I AMT: 9,593.92
UPB AMT: 1,388,055.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 383
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031508997 MORTGAGORS: COLE ADAM
COLE D
REGION CODE ADDRESS : 385 EAST 100 SOUTH
01 CITY : SPANISH FORK
STATE/ZIP : UT 84660
MORTGAGE AMOUNT : 142,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 142,396.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,008.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.85700
----------------------------------------------------------------
0 0031509003 MORTGAGORS: MALNICK WARREN
REGION CODE ADDRESS : 45 INVERLEITH TERRACE
01 CITY : PIEDMONT
STATE/ZIP : CA 94620
MORTGAGE AMOUNT : 431,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,937.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,052.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.34100
----------------------------------------------------------------
0 0031509425 MORTGAGORS: DE MICHELI WILLIAM
REGION CODE ADDRESS : 10449 PINE FLAT WAY
01 CITY : NEVADA CITY
STATE/ZIP : CA 95959
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,741.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,719.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031509466 MORTGAGORS: GRUBER LEWIS
REGION CODE ADDRESS : 12662 BYRON AVENUE
01 CITY : LOS ANGELES (GRANADA HILL
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 212,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 211,854.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,537.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031509490 MORTGAGORS: OTTONE LOUIS
OTTONE JOSEPHINE
REGION CODE ADDRESS : 77 SIERRA DRIVE
01 CITY : SALINAS
STATE/ZIP : CA 93901
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,566.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,961.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,444,750.00
P & I AMT: 10,278.65
UPB AMT: 1,443,497.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 384
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031509532 MORTGAGORS: OPPENLANDER WILLIAM
OPPENLANDER KIRSTEN
REGION CODE ADDRESS : 51 FESTIVO
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,769.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,092.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.70100
----------------------------------------------------------------
0 0031509540 MORTGAGORS: GALLUZZO JOHN
GALLUZZO LINDA
REGION CODE ADDRESS : 8519 129TH PLACE SE
01 CITY : NEWCASTLE
STATE/ZIP : WA 98056
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,603.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.31300
----------------------------------------------------------------
0 0031509557 MORTGAGORS: TORRES HUGO
TORRES MARIA
REGION CODE ADDRESS : 325 OAK STREET
01 CITY : SAN MARINO
STATE/ZIP : CA 91108
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,779.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.00000
----------------------------------------------------------------
0 0031509581 MORTGAGORS: SEXTON CLYDE
SEXTON MARYANN
REGION CODE ADDRESS : 4247 SOARING HAWK LANE
01 CITY : PILOT HILL
STATE/ZIP : CA 95664
MORTGAGE AMOUNT : 383,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,693.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,580.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.26400
----------------------------------------------------------------
0 0031509615 MORTGAGORS: WONG DAVID
WONG MERCY
REGION CODE ADDRESS : 121 SERRA COURT
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 562,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 561,575.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,742.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,812,500.00
P & I AMT: 12,362.87
UPB AMT: 1,810,421.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 385
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031509631 MORTGAGORS: BEARCHELL ROBERT
BEARCHELL SHARON
REGION CODE ADDRESS : 2828 PALOS VERDES DRIVE WEST
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 264,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,374.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 50.90300
----------------------------------------------------------------
0 0031509649 MORTGAGORS: DUCKWITZ ARTHUR
DUCKWITZ ELIZABETH
REGION CODE ADDRESS : 7 BLACKWOOD
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,329.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031509680 MORTGAGORS: LINSTEADT KENNETH
LINSTEADT JEAN
REGION CODE ADDRESS : 28 NELSON AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,035.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031509805 MORTGAGORS: HERBERT CLAIRE
REGION CODE ADDRESS : 10077 SIERRA VISTA
01 CITY : LA MESA
STATE/ZIP : CA 91941
MORTGAGE AMOUNT : 255,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,365.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,808.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031509813 MORTGAGORS: HILB DOUGLAS
REGION CODE ADDRESS : 1373 VIA SAVONA DRIVE
01 CITY : HENDERSON
STATE/ZIP : NV 89012
MORTGAGE AMOUNT : 243,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,269.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,292,450.00
P & I AMT: 9,121.61
UPB AMT: 1,290,374.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 386
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031509839 MORTGAGORS: ROMANO CAROLYN
GRIFFIN GEORGE
REGION CODE ADDRESS : 171 WILSON ROAD
01 CITY : NAHANT
STATE/ZIP : MA 01908
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,603.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 91.22800
----------------------------------------------------------------
0 0031509847 MORTGAGORS: THOMPSON LINDA
REGION CODE ADDRESS : 3910 BONITA VIEW DRIVE
01 CITY : BONITA
STATE/ZIP : CA 91902
MORTGAGE AMOUNT : 241,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,120.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,687.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031509854 MORTGAGORS: WALZ MARY
WALZ LOUIS
REGION CODE ADDRESS : 1015 MANDALAY BEACH ROAD
01 CITY : OXNARD
STATE/ZIP : CA 93035
MORTGAGE AMOUNT : 482,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 481,614.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,247.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 59.50600
----------------------------------------------------------------
0 0031509870 MORTGAGORS: PIERCE JAMES
PIERCE ALICE
REGION CODE ADDRESS : 9036 WINDING WAY
01 CITY : OREGON HOUSE
STATE/ZIP : CA 95962
MORTGAGE AMOUNT : 141,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 141,497.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,002.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031509888 MORTGAGORS: TAFOYA ROBERT
TAFOYA AMY
REGION CODE ADDRESS : 1314 ESTELLE LANE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,674.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,185.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,574,900.00
P & I AMT: 10,917.60
UPB AMT: 1,573,510.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 387
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031509904 MORTGAGORS: CREDEUR DALE
MICHOT CECILE
REGION CODE ADDRESS : 3515 MANHATTAN AVENUE
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 383,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,550.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,618.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.79000
----------------------------------------------------------------
0 0031509961 MORTGAGORS: STIMPFL PAUL
STIMPFL MARY
REGION CODE ADDRESS : 23217 ROBERT ROAD
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,773.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.78200
----------------------------------------------------------------
0 0031509987 MORTGAGORS: CAPORASO FREDRIC
CAPORASO KAREN
REGION CODE ADDRESS : 6221 SIERRA SIENA ROAD
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,736.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.76 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 70.56100
----------------------------------------------------------------
0 0031510076 MORTGAGORS: MALDE SANJAY
MALDE ILA
REGION CODE ADDRESS : 390 GENOA DRIVE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 288,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,541.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,043.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031510118 MORTGAGORS: VAN HARTEN KENTON
VAN HARTEN KATIE
REGION CODE ADDRESS : 6 MALAGA PLACE EAST
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,681.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,114.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,716,600.00
P & I AMT: 11,817.66
UPB AMT: 1,715,283.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 388
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031510241 MORTGAGORS: WALKER GARY
WALKER MARGARET
REGION CODE ADDRESS : 5451 CRANE AVE E.
01 CITY : PORT ORCHARD
STATE/ZIP : WA 98366
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,825.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031510621 MORTGAGORS: FRIEDEN DAVID
FRIEDEN LINDA
REGION CODE ADDRESS : 2403 MARSHALLFIELD LANE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,564.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.55200
----------------------------------------------------------------
0 0031511108 MORTGAGORS: CHRIST JAMES
CHRIST LYNN
REGION CODE ADDRESS : 6 BROOK RIDGE DRIVE
01 CITY : BERNARDS TOWNSHIP
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 56.52100
----------------------------------------------------------------
0 0031511223 MORTGAGORS: CLOUGH ELAINE
REGION CODE ADDRESS : 6 SILKLEAF
01 CITY : IRVINE
STATE/ZIP : CA 92614
MORTGAGE AMOUNT : 133,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 132,901.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 929.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 51.15300
----------------------------------------------------------------
0 0031511348 MORTGAGORS: TARBELL STANLEY
TARBELL JUDITH
REGION CODE ADDRESS : 6081 RIDGE WAY
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,716.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,774.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,332,000.00
P & I AMT: 9,305.45
UPB AMT: 1,331,007.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 389
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031511389 MORTGAGORS: SPECIALE PAUL
SPECIALE JENNIE
REGION CODE ADDRESS : 4120 MIRALESTE DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,705.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,578.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031511447 MORTGAGORS: JONES SIDNEY
JONES DENA
REGION CODE ADDRESS : 266 STRANAHAN CIRCLE
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 186,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 186,115.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,287.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.31914
----------------------------------------------------------------
0 0031511538 MORTGAGORS: PHAM CAROL
REGION CODE ADDRESS : 14 FESTIVO
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,755.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.11100
----------------------------------------------------------------
0 0031511629 MORTGAGORS: CROWE ERIC
ALDEN-CROWE LESLIE
REGION CODE ADDRESS : 19431 SIERRA SANTO ROAD
01 CITY : IRVINE
STATE/ZIP : CA 92715
MORTGAGE AMOUNT : 371,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,731.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,625.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.93600
----------------------------------------------------------------
0 0031511769 MORTGAGORS: LINK-FLAIR CHANTAL
FLAIR MICHAEL
REGION CODE ADDRESS : 811 BREEZE PLACE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,786.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,170.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.01200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,576,400.00
P & I AMT: 11,055.04
UPB AMT: 1,575,093.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 390
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031511868 MORTGAGORS: ALDEMIR MUSTAFA
ALDEMIR STEPHANIE
REGION CODE ADDRESS : 26 IRONWOOD
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 240,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,332.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,662.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.85074
----------------------------------------------------------------
0 0031511942 MORTGAGORS: KING BILLY
KING MARY
REGION CODE ADDRESS : 5213 W MISTY WILLOW LANE
01 CITY : GLENDALE
STATE/ZIP : AZ 85310
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,746.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,299.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031511967 MORTGAGORS: YOUNG LYNNETTE
YOUNG ROBERT
REGION CODE ADDRESS : 7491 KENNEDY ROAD
01 CITY : SEBASTAPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 324,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,253.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,241.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.71390
----------------------------------------------------------------
0 0031512106 MORTGAGORS: KHANIYAN RAHMATOLLAH
POURSALIMI LABIBEH
REGION CODE ADDRESS : 4727 BREWSTER DRIVE
01 CITY : TARZANA
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,703.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,693.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.40000
----------------------------------------------------------------
0 0031512122 MORTGAGORS: LOUIE DAVID
SOE DORENE
REGION CODE ADDRESS : 2939 CEDRO LANE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,795.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,003.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.47300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,571,200.00
P & I AMT: 10,900.35
UPB AMT: 1,569,830.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 391
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031512148 MORTGAGORS: BOYER GREGG
REGION CODE ADDRESS : 210 21ST ST
01 CITY : HUNTINGTON BCH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,452.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,165.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031512221 MORTGAGORS: CORMAN KENNETH
CORMAN SUSAN
REGION CODE ADDRESS : 7450 EAST MILLSTREAM CIRCLE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,765.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 42.55300
----------------------------------------------------------------
0 0031512239 MORTGAGORS: SCHACHTER PAUL
REGION CODE ADDRESS : 431 WEST RUSTIC ROAD
01 CITY : SANTA MONICA
STATE/ZIP : CA 90402
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,743.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,512.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 44.37500
----------------------------------------------------------------
0 0031512254 MORTGAGORS: MUHLENBRUCH BRYAN
JACKSON LAURA
REGION CODE ADDRESS : 12022 REAGAN STREET
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,804.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.80400
----------------------------------------------------------------
0 0031512262 MORTGAGORS: UMAMAHESHWARAN EASWARAN
NARAYAN KUMUDA
REGION CODE ADDRESS : 739 STENDAHL LANE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 346,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,136.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,552,400.00
P & I AMT: 10,768.17
UPB AMT: 1,550,901.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 392
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031512296 MORTGAGORS: JONES STEVEN
REGION CODE ADDRESS : 1417 BLUEBIRD CANYON DRIVE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 241,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,320.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,688.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.00000
----------------------------------------------------------------
0 0031512312 MORTGAGORS: FERNANDEZ GABRIELLA
REGION CODE ADDRESS : 1501 ANITA LANE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,661.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,188.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031512338 MORTGAGORS: MULLIN PATRICK
MULLIN TERESA
REGION CODE ADDRESS : 2307 PULLMAN LANE #B
01 CITY : REDONDO BCH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,810.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031512346 MORTGAGORS: VAKKALANKA SARMA
VAKKALANKA LALITHA
REGION CODE ADDRESS : 4750 BLUE RIDGE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,772.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.34600
----------------------------------------------------------------
0 0031512361 MORTGAGORS: STANE SCOTT
STANE BETSY
REGION CODE ADDRESS : 32023 KINGSPARK COURT
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 292,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,577.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,588,300.00
P & I AMT: 11,212.05
UPB AMT: 1,587,143.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 393
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031512395 MORTGAGORS: KAUFFMANN KENNETH
KAUFFMANN MERRELL
REGION CODE ADDRESS : 20121 ADELE DRIVE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 322,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,736.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 64.40000
----------------------------------------------------------------
0 0031512478 MORTGAGORS: AUDISS SUZANNE
REGION CODE ADDRESS : 505 SEAWARD ROAD
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,703.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,592.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031512486 MORTGAGORS: ADAMS TERESA
REGION CODE ADDRESS : 525 HALSEY AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95128
MORTGAGE AMOUNT : 184,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 183,849.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,224.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031512502 MORTGAGORS: GOODWIN CHARLES
GOODWIN MARJORIE
REGION CODE ADDRESS : 1088 NORTH KENTER AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 363,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,731.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,478.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.73600
----------------------------------------------------------------
0 0031512536 MORTGAGORS: LEEKA MARC
LEEKA PEARL
REGION CODE ADDRESS : 2678 GLENDOWER AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90027
MORTGAGE AMOUNT : 418,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,345.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,851.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.07800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,667,300.00
P & I AMT: 11,288.56
UPB AMT: 1,665,366.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 394
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031512551 MORTGAGORS: WILBUR RONALD
WILBUR FAYE
REGION CODE ADDRESS : 21 LAS FIERAS
01 CITY : RANCHO SANTA MARGARITA
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 238,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,426.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,629.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
0 0031512593 MORTGAGORS: YARKEY RAYMOND
YARKEY LINDA
REGION CODE ADDRESS : 429 WESTON ROAD
01 CITY : YORKTOWN
STATE/ZIP : VA 23692
MORTGAGE AMOUNT : 275,460.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,778.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 61.90100
----------------------------------------------------------------
0 0031512635 MORTGAGORS: PACIOLLA ANTHONY
PACIOLLA JAMIE
REGION CODE ADDRESS : 730 EAST MARIPOSA AVENUE
01 CITY : EL SEGUNDO
STATE/ZIP : CA 90245
MORTGAGE AMOUNT : 399,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,603.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.05500
----------------------------------------------------------------
0 0031512718 MORTGAGORS: VIROSTEK STEVE
VIROSTEK JANET
REGION CODE ADDRESS : 3308 STAGE COACH DRIVE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 458,969.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,216.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.60000
----------------------------------------------------------------
0 0031512734 MORTGAGORS: RAPPAPORT JANET
REGION CODE ADDRESS : 400 1/2 IRIS AVENUE
01 CITY : CORONA DEL MAR
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,338.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.50000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,648,160.00
P & I AMT: 11,320.23
UPB AMT: 1,645,116.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 395
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031512742 MORTGAGORS: ORTWEIN RICHARD
ORTWEIN SHEILIA
REGION CODE ADDRESS : 1435 GALAXY DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 520,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 519,755.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,595.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 52.05500
----------------------------------------------------------------
0 0031512759 MORTGAGORS: SAFADI MAZEN
SAFADI BARBARA
REGION CODE ADDRESS : 922 BIMMERLE PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,538.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,167.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.80900
----------------------------------------------------------------
0 0031512783 MORTGAGORS: DAWSON STEPHEN
ZYETZ CATHERINE
REGION CODE ADDRESS : 3321 DELUNA DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,249.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,452.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031513138 MORTGAGORS: MCGREGOR WILLIAM
MCGREGOR CHERYL
REGION CODE ADDRESS : 130 BLACKLAND ROAD
01 CITY : ATLANTA
STATE/ZIP : GA 30342
MORTGAGE AMOUNT : 892,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 891,803.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,088.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 015
LTV : 70.00000
----------------------------------------------------------------
0 0031513542 MORTGAGORS: PLUMSER ALLAN
PLUMSER DIANE
REGION CODE ADDRESS : 27 INDEPENDENCE DRIVE
01 CITY : EAST BRUNSWICK
STATE/ZIP : NJ 08816
MORTGAGE AMOUNT : 406,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,303.35 OUTSIDE CONV DATE :
LIFETIME RATE : 9.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 9.12500 PRODUCT CODE : 250
LTV : 81.20000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,475,550.00
P & I AMT: 17,607.17
UPB AMT: 2,473,346.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 396
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031513823 MORTGAGORS: LANDGREN BRIAN
MELRATH SUSAN
REGION CODE ADDRESS : 28506 NORTHEAST 63RD WAY
01 CITY : CARNATION
STATE/ZIP : WA 98014
MORTGAGE AMOUNT : 282,704.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,483.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,928.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.63400
----------------------------------------------------------------
0 0031514144 MORTGAGORS: STEVENS PAUL
STEVENS BARBARA
REGION CODE ADDRESS : 136 TRACY LANE
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 536,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 535,852.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,749.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031514169 MORTGAGORS: KOSKI MICHAEL
KOSKI VALARIE
REGION CODE ADDRESS : 4493 EDGEWOOD WAY
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 476,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,646.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,328.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031514177 MORTGAGORS: BRANNON STUART
BRANNON SUSIE
REGION CODE ADDRESS : 931 REDWOOD DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,732.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 62.61600
----------------------------------------------------------------
0 0031514185 MORTGAGORS: RODRIGUEZ ERNEST
RODRIGUEZ ALICE
REGION CODE ADDRESS : 27100 S. LILLEGARD CT
01 CITY : TRACEY
STATE/ZIP : CA 95376
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,793.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,894,954.00
P & I AMT: 13,071.07
UPB AMT: 1,893,507.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 397
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031514284 MORTGAGORS: CHELINI VINCENT
REGION CODE ADDRESS : 438 PORTOFINO DRIVE #104
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,790.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 72.50000
----------------------------------------------------------------
0 0031514334 MORTGAGORS: GRINDELAND ROBERT
DEDONATO JANET
REGION CODE ADDRESS : 3420 WEST BLAINE STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98199
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,236.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,302.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031514367 MORTGAGORS: MACDONALD VIVIAN
MACDONALD MALCOLM
REGION CODE ADDRESS : 20 FAIRWAY DRIVE
01 CITY : NOVATO
STATE/ZIP : CA 94949
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,758.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.80900
----------------------------------------------------------------
0 0031514391 MORTGAGORS: VASELENKO RONALD
VASELENKO ANNA
REGION CODE ADDRESS : 21921 UTE WAY
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 250,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,613.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031514417 MORTGAGORS: WALAS CHRISTOPHER
RICHARDSON GILLIAN
REGION CODE ADDRESS : 720 MISSION CANYON RD
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,656.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,362.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 35.58000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,663,300.00
P & I AMT: 11,585.34
UPB AMT: 1,662,055.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 398
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031514433 MORTGAGORS: BAUNACH STEPHEN
BAUNACH MOLLY
REGION CODE ADDRESS : 16488 BONNIE LANE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,666.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,919.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 54.87100
----------------------------------------------------------------
0 0031514466 MORTGAGORS: MUELLER DAVID
MUELLER LYNNE
REGION CODE ADDRESS : 1221 18TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,715.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,398.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.65300
----------------------------------------------------------------
0 0031514490 MORTGAGORS: JACKSON EVELYN
REGION CODE ADDRESS : 181 SAN MARINO DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,665.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,714.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031514557 MORTGAGORS: HANSEN TIMOTHY
REGION CODE ADDRESS : 728 SOUTH 1000 EAST
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84103
MORTGAGE AMOUNT : 120,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 120,312.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 852.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031514706 MORTGAGORS: GOBLIRSCH RICHARD
GOBLIRSCH MARY
REGION CODE ADDRESS : 237 BENTLEY STREET
01 CITY : PACIFIC GROVE
STATE/ZIP : CA 93950
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,807.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,572,400.00
P & I AMT: 10,702.74
UPB AMT: 1,571,166.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 399
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031514755 MORTGAGORS: MUNGER SCOTT
MUNGER CATHERINE
REGION CODE ADDRESS : 6949 SILVERGATE COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,768.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,181.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031514789 MORTGAGORS: JEPSEN ANDREW
SHEAFFER-JEPSEN JULIE
REGION CODE ADDRESS : 6025 EAST CORRINE DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85254
MORTGAGE AMOUNT : 147,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 146,888.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,015.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 70.67300
----------------------------------------------------------------
0 0031514797 MORTGAGORS: BOBENRIETH SUSANA
REGION CODE ADDRESS : 6325 SE 17TH AVENUE
01 CITY : PORTLAND
STATE/ZIP : OR 97202
MORTGAGE AMOUNT : 121,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 121,509.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 850.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031514805 MORTGAGORS: ARTHUR JERROLD
ARTHUR NAIDA
REGION CODE ADDRESS : 20442 PRESTINA WAY
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,758.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.50000
----------------------------------------------------------------
0 0031514813 MORTGAGORS: PFUND ALEXANDER
PFUND DONNA
REGION CODE ADDRESS : 505 CLOVERBROOK DR
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 409,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,296.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,863.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,300,200.00
P & I AMT: 9,025.81
UPB AMT: 1,299,220.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 400
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031514847 MORTGAGORS: DUDDLESTON JAMES
REGION CODE ADDRESS : 25076 PERCH DRIVE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,724.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,235.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031514870 MORTGAGORS: JOHNSON DENNIS
JOHNSON BERTHA
REGION CODE ADDRESS : 15925 LEMOLO SHORE DRIVE NE
01 CITY : POULSBO
STATE/ZIP : WA 98370
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,734.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,319.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.32600
----------------------------------------------------------------
0 0031514896 MORTGAGORS: KARCHER JOSEPH
KARCHER CATHLEEN
REGION CODE ADDRESS : 2294 LAKEVIEW DRIVE
01 CITY : EUGENE
STATE/ZIP : OR 97408
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,697.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,852.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.34400
----------------------------------------------------------------
0 0031514904 MORTGAGORS: DASKAROLIS DEAN
DASKAROLIS VEATRIKI
REGION CODE ADDRESS : 75 CASTLE PARK WAY
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,770.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.28700
----------------------------------------------------------------
0 0031514946 MORTGAGORS: ROGERS GEORGE
ROGERS PATRICIA
REGION CODE ADDRESS : 5816 LAKE VISTA DRIVE
01 CITY : BONSALL
STATE/ZIP : CA 92003
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,573.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,867.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,969,000.00
P & I AMT: 13,603.74
UPB AMT: 1,967,501.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 401
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031514979 MORTGAGORS: MEDINA ROSANNA
REGION CODE ADDRESS : 1833 ATRISCO ROAD SW
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87105
MORTGAGE AMOUNT : 67,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 67,692.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 445.73 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.82353
----------------------------------------------------------------
0 0031515018 MORTGAGORS: HIRSHFIELD ROBIN
HIRSHFIELD JAMES
REGION CODE ADDRESS : 152 SOUTH STREET
01 CITY : WASHINGTON
STATE/ZIP : CT 06793
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,424.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,325.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031515091 MORTGAGORS: ATKINSON BRUCE
ATKINSON CHRISTINE
REGION CODE ADDRESS : 28202 TAMBORA DRIVE
01 CITY : CANYON COUNTRY
STATE/ZIP : CA 91351
MORTGAGE AMOUNT : 153,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 153,776.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,036.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 86.94900
----------------------------------------------------------------
0 0031515109 MORTGAGORS: STAHL WAYNE
STAHL ELLEN
REGION CODE ADDRESS : 5832 FAIRWAY DRIVE
01 CITY : MASON
STATE/ZIP : OH 45040
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031515174 MORTGAGORS: WARK ROBERT
KACY HELEN
REGION CODE ADDRESS : 1832 WEST DRIVE
01 CITY : SAN MARINO
STATE/ZIP : CA 91108
MORTGAGE AMOUNT : 405,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,899.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,833.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.83200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,178,950.00
P & I AMT: 8,425.35
UPB AMT: 1,177,792.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 402
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031515182 MORTGAGORS: LOHMANN EDWARD
LOHMANN LISA
REGION CODE ADDRESS : 338 SQUIRREL RIDGE WAY
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,775.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.28300
----------------------------------------------------------------
0 0031515208 MORTGAGORS: LA DOW JEFFREY
LA DOW ANDREA
REGION CODE ADDRESS : 2565 LAUGHLIN ROAD
01 CITY : WINDSOR
STATE/ZIP : CA 95492
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,814.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.36800
----------------------------------------------------------------
0 0031515240 MORTGAGORS: SCHMARAK BRADLEY
PROPP-SCHMARAK GINA
REGION CODE ADDRESS : 701 GREENWOOD AVENUE
01 CITY : GLENCOE
STATE/ZIP : IL 60022
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,665.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,038.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 47.56700
----------------------------------------------------------------
0 0031515554 MORTGAGORS: ANDERSON ROBERT
REGION CODE ADDRESS : 2781 QUAIL STREET
01 CITY : DAVIS
STATE/ZIP : CA 95616
MORTGAGE AMOUNT : 160,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 160,483.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,136.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.69700
----------------------------------------------------------------
0 0031515653 MORTGAGORS: SICKMEIER ROBERT
SICKMEIER DIANA
REGION CODE ADDRESS : 24202 LA HERMOSA AVENUE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 202,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 201,846.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,395.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.69200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,368,600.00
P & I AMT: 9,576.96
UPB AMT: 1,367,585.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 403
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031516644 MORTGAGORS: RAPPOPORT LOUIS
RAPPOPORT MARY
REGION CODE ADDRESS : 12110 E. IRONWOOD DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 442,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 442,173.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,058.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031516651 MORTGAGORS: DAMATO MARK
REGION CODE ADDRESS : 7 REDWOOD ROAD
01 CITY : LIVINGSTON
STATE/ZIP : NJ 07039
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 150,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,100.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 60.00000
----------------------------------------------------------------
0 0031516792 MORTGAGORS: WHITING DWIGHT
WHITING MARY
REGION CODE ADDRESS : 17351 SE 187TH STREET
01 CITY : RENTON
STATE/ZIP : WA 98058
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,561.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.32000
----------------------------------------------------------------
0 0031516909 MORTGAGORS: DE SILVA VARINI
REGION CODE ADDRESS : 9542 DUMBRECK DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 155,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 154,890.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,110.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 46.26800
----------------------------------------------------------------
0 0031516958 MORTGAGORS: MEYERING DALE
MEYERING PAMELA
REGION CODE ADDRESS : 2455 WILLOW DRIVE
01 CITY : SAN BERNADINO
STATE/ZIP : CA 92404
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,784.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,192.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,333,850.00
P & I AMT: 9,372.07
UPB AMT: 1,332,410.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 404
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031516990 MORTGAGORS: HESTER JOHN
REGION CODE ADDRESS : 13115 QUEEN PALM COURT
01 CITY : BAKERSFIELD
STATE/ZIP : CA 93312
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,051.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031517014 MORTGAGORS: TANAKA MICHAEL
TOKUBO JODI
REGION CODE ADDRESS : 400 EAST MACKENA PLACE
01 CITY : PLACENTIA
STATE/ZIP : CA 92870
MORTGAGE AMOUNT : 259,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,402.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.97461
----------------------------------------------------------------
0 0031517220 MORTGAGORS: SLAY MILBERN
SLAY JANET
REGION CODE ADDRESS : 1074 BUENA VISTA DRIVE
01 CITY : WATSONVILLE
STATE/ZIP : CA 95076
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,784.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031517303 MORTGAGORS: STRAUSS PAUL
GERSHBERG FELICIA
REGION CODE ADDRESS : 1033 RUBIS DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,648.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,964.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031517345 MORTGAGORS: BROWN DARRELL
BROWN ANNE
REGION CODE ADDRESS : 6351 BERRYBUSH COURT
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 253,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,852.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99380
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,489,900.00
P & I AMT: 10,170.81
UPB AMT: 1,488,739.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 405
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031517386 MORTGAGORS: MCSWEENY SEAN`
MCSWEENY ADRIANA
REGION CODE ADDRESS : 11680 CANDY ROSE WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 262,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,644.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99233
----------------------------------------------------------------
0 0031517519 MORTGAGORS: LAURENCE RONALD
LAURENCE SANDRA
REGION CODE ADDRESS : 463 COUNTRY HILL ROAD
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,807.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,563.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 33.57100
----------------------------------------------------------------
0 0031517675 MORTGAGORS: HEACOCK PATRICK
HEACOCK LIZABETH
REGION CODE ADDRESS : 12257 DEEP VALLEY TRAIL
01 CITY : MORENO VALLEY
STATE/ZIP : CA 92555
MORTGAGE AMOUNT : 167,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 167,172.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,155.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.05263
----------------------------------------------------------------
0 0031518020 MORTGAGORS: MIKKELSEN STEVEN
MEYER STEPHANIE
REGION CODE ADDRESS : 331 NORTH 93RD STREET
01 CITY : OMAHA
STATE/ZIP : NE 68114
MORTGAGE AMOUNT : 331,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,247.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,289.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.00000
----------------------------------------------------------------
0 0031518046 MORTGAGORS: DILLA BENJAMIN
DILLA SHARON
REGION CODE ADDRESS : 2208 DUNDEE DRIVE
01 CITY : FORT SMITH
STATE/ZIP : AR 72903
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,817.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 88.97338
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,230,650.00
P & I AMT: 8,397.96
UPB AMT: 1,229,690.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 406
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031518053 MORTGAGORS: FRY DANIEL
FRY CONSTANCE
REGION CODE ADDRESS : 6205 SOUTH 102ND STREET
01 CITY : OMAHA
STATE/ZIP : NE 68127
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,785.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 82.08900
----------------------------------------------------------------
0 0031518061 MORTGAGORS: CRAVEN STEVEN
CRAVEN KATHLEEN
REGION CODE ADDRESS : 1018 WILDBRIAR DRIVE
01 CITY : LIBERTY
STATE/ZIP : MO 64068
MORTGAGE AMOUNT : 270,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,189.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,844.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.25700
----------------------------------------------------------------
0 0031518079 MORTGAGORS: MURRAY ELIZABETH
MURRAY JOHN
REGION CODE ADDRESS : 5 REVERE COURT
01 CITY : LITTLE ROCK
STATE/ZIP : AR 72227
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,314.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,620.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.39600
----------------------------------------------------------------
0 0031518095 MORTGAGORS: PRICE RICHARD
COMPTON PRICE JOYCE
REGION CODE ADDRESS : 36 BRADFORD COURT
01 CITY : MARTINSVILLE
STATE/ZIP : VA 24112
MORTGAGE AMOUNT : 472,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 472,412.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,145.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031518103 MORTGAGORS: BANKS HALMON
BANKS KIMBERLY
REGION CODE ADDRESS : 44 HILLCREST AVENUE
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19118
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,171.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,113.27 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,735,700.00
P & I AMT: 11,599.58
UPB AMT: 1,733,872.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 407
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031518111 MORTGAGORS: BARRY RICHARD
BARRY PEGGY
REGION CODE ADDRESS : 1247 HAMPTON PARK DRIVE
01 CITY : RICHMOND HEIGHTS
STATE/ZIP : MO 63117
MORTGAGE AMOUNT : 393,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,700.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,714.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 56.14200
----------------------------------------------------------------
0 0031518129 MORTGAGORS: FELBEIN MARSHALL
FELBEIN PAULA
REGION CODE ADDRESS : 2429 RIVER WOODS DRIVE
01 CITY : NAPERVILLE
STATE/ZIP : IL 60565
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031518137 MORTGAGORS: GORAN DAVID
GORAN DEENA
REGION CODE ADDRESS : 87 LAKE FOREST DR
01 CITY : ST LOUIS
STATE/ZIP : MO 63117
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,542.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031518145 MORTGAGORS: RECTOR JAMES
RECTOR ROBIN
REGION CODE ADDRESS : 1012 SKYLINE DRIVE
01 CITY : ELKHORN
STATE/ZIP : NE 68022
MORTGAGE AMOUNT : 427,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,174.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,952.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.08100
----------------------------------------------------------------
0 0031518152 MORTGAGORS: HOLLOWELL MARVIN
HOLLOWELL CAROLE
REGION CODE ADDRESS : 113 ARLEN PARK DR
01 CITY : CHAPEL HILL
STATE/ZIP : NC 27516
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,448.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.58500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,660,500.00
P & I AMT: 11,468.68
UPB AMT: 1,658,638.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 408
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031518194 MORTGAGORS: O'LEARY TERENCE
O'LEARY MELINDA
REGION CODE ADDRESS : 8520 BRIAR LN
01 CITY : PRAIRIE VILLAGE
STATE/ZIP : KS 66207
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,666.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,146.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.23000
----------------------------------------------------------------
0 0031518202 MORTGAGORS: MEYERS ALLAN
MEYERS NANCY
REGION CODE ADDRESS : 771 CASTLE PINES DRIVE
01 CITY : ST. LOUIS
STATE/ZIP : MO 63021
MORTGAGE AMOUNT : 238,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,045.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,666.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031518210 MORTGAGORS: BOTTS LARRY
BOTTS CATHLEEN
REGION CODE ADDRESS : 3200 W 68TH ST
01 CITY : MISSION HILLS
STATE/ZIP : KS 66208
MORTGAGE AMOUNT : 465,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 464,663.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,291.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.88300
----------------------------------------------------------------
0 0031518228 MORTGAGORS: NAXERA GEORGE
NAXERA ELIZABETH
REGION CODE ADDRESS : 12 REGAL COURT
01 CITY : GREENSBORO
STATE/ZIP : NC 27410
MORTGAGE AMOUNT : 257,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,258.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.47706
----------------------------------------------------------------
0 0031518236 MORTGAGORS: KOVATCHIS ANTHONY
KOVATCHIS MICHELE
REGION CODE ADDRESS : 15W346 CONCORD ST
01 CITY : ELMHURST
STATE/ZIP : IL 60126
MORTGAGE AMOUNT : 352,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,775.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,463.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,763,150.00
P & I AMT: 12,368.11
UPB AMT: 1,761,408.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 409
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031518244 MORTGAGORS: CLARK BARBARA
CLARK JEFFERY
REGION CODE ADDRESS : 6 N. 461 FERSONWOODS DR.
01 CITY : ST. CHARLES
STATE/ZIP : IL 60175
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,505.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,662.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.36300
----------------------------------------------------------------
0 0031518269 MORTGAGORS: MCCORMICK JERRY
MCCORMICK MAUREEN
REGION CODE ADDRESS : 1404 ARNOLD PALMER BLVD.
01 CITY : LOUISVILLE
STATE/ZIP : KY 40245
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,809.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.29100
----------------------------------------------------------------
0 0031518277 MORTGAGORS: GROPPER MITCHELL
GROPPER DENISE
REGION CODE ADDRESS : 5119 QUAIL LAKE DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75287
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,825.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 63.25000
----------------------------------------------------------------
0 0031518319 MORTGAGORS: ARMSTRONG TROY
ARMSTRONG BARBARA
REGION CODE ADDRESS : 2011 SANDY POND LN
01 CITY : WAXHAW
STATE/ZIP : NC 28173
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,760.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
0 0031518384 MORTGAGORS: SHORTLIDGE NEIL
SHORTLIDGE RENEE
REGION CODE ADDRESS : 26221 W. CEDAR NILES CIRCLE
01 CITY : OLATHE
STATE/ZIP : KS 66061
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,783.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,328,000.00
P & I AMT: 9,292.97
UPB AMT: 1,326,683.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 410
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031518418 MORTGAGORS: BLANTON ANTHONY
BLANTON JERRI
REGION CODE ADDRESS : 4020 HAWTHORNE RD
01 CITY : ROCKY MOUNT
STATE/ZIP : NC 27804
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,841.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031518434 MORTGAGORS: MUELLER BRUCE
MUELLER IRA
REGION CODE ADDRESS : 3922 WESTCHESTER RD
01 CITY : DURHAM
STATE/ZIP : NC 27707
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,725.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,401.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.04700
----------------------------------------------------------------
0 0031518459 MORTGAGORS: WILLIAMS GREGORY
REGION CODE ADDRESS : 230 HICKORY KNOLL RD
01 CITY : WILMINGTON
STATE/ZIP : NC 28409
MORTGAGE AMOUNT : 440,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,488.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,042.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.04800
----------------------------------------------------------------
0 0031518467 MORTGAGORS: SHUMATE MARK
SHUMATE DONNA
REGION CODE ADDRESS : 1117 ROCKROSE ROAD NE
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87122
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,809.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.42200
----------------------------------------------------------------
0 0031518475 MORTGAGORS: QUINN ANDREW
QUINN CYNTHIA
REGION CODE ADDRESS : 427 WHITON ROAD
01 CITY : BRANCHBURG
STATE/ZIP : NJ 08853
MORTGAGE AMOUNT : 241,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,093.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,586.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,545,250.00
P & I AMT: 10,539.04
UPB AMT: 1,542,957.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 411
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031518483 MORTGAGORS: ROBINSON KENNETH
REGION CODE ADDRESS : 1313 BAY RIDGE DR
01 CITY : BENTON
STATE/ZIP : LA 71006
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,477.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,115.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031518491 MORTGAGORS: BROWNFIELD STEVEN
BROWNFIELD JUDY
REGION CODE ADDRESS : 16480 RIDGEMONT DRIVE
01 CITY : OMAHA
STATE/ZIP : NE 68136
MORTGAGE AMOUNT : 254,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,201.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031518509 MORTGAGORS: CHEEK JOHN
CHEEK ROBIN
REGION CODE ADDRESS : 710-A MADAM MOORES LN
01 CITY : NEW BERN
STATE/ZIP : NC 28560
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,214.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,362.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031518525 MORTGAGORS: ROHR SCOTT
ROHR RENEE
REGION CODE ADDRESS : 14223 THREE OAKS LANE
01 CITY : MONTPELIER
STATE/ZIP : VA 23192
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,550.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.72200
----------------------------------------------------------------
0 0031518533 MORTGAGORS: SCHEAR LAWRENCE
SCHEAR ANDREA
REGION CODE ADDRESS : 67 ROCK HILL ROAD
01 CITY : ROSLYN HEIGHTS
STATE/ZIP : NY 11577
MORTGAGE AMOUNT : 270,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,987.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,867.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,471,800.00
P & I AMT: 10,038.69
UPB AMT: 1,469,431.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 412
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031518541 MORTGAGORS: SHARABI ALON
WAJSMAN RENATA
REGION CODE ADDRESS : 5333 NW 67TH STREET
01 CITY : GAINESVILLE
STATE/ZIP : FL 32653
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,511.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.81700
----------------------------------------------------------------
0 0031518822 MORTGAGORS: CLINE DALE
CLINE BONNIE
REGION CODE ADDRESS : 9 MURRAY ROAD
01 CITY : MOORESTOWN
STATE/ZIP : NJ 08057
MORTGAGE AMOUNT : 270,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,648.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031518830 MORTGAGORS: HOVSEPIAN RONALD
HOVSEPIAN MEGAN
REGION CODE ADDRESS : 61 JERICHO WAY
01 CITY : DENNIS
STATE/ZIP : MA 02671
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,838.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 68.57142
----------------------------------------------------------------
0 0031518871 MORTGAGORS: KOSAMIA MOHAN
REGION CODE ADDRESS : 2701 ANNAKAY CROSSING
01 CITY : MIDLOTHIAN
STATE/ZIP : VA 23113
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,507.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.51 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.79200
----------------------------------------------------------------
0 0031518889 MORTGAGORS: GOKHIN YURI
GOKHIN LIYA
REGION CODE ADDRESS : 20 RED BUD LANE
01 CITY : GREEN BROOK
STATE/ZIP : NJ 08812
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,335.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,721.15 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,377,500.00
P & I AMT: 9,386.14
UPB AMT: 1,374,842.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 413
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031518897 MORTGAGORS: SCHMIT JOEL
SCHMIT MARY
REGION CODE ADDRESS : 57712 TAN OAK LANE
01 CITY : SUNRIVER
STATE/ZIP : OR 97707
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,772.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031518913 MORTGAGORS: LEE STEVEN
LEE JENNIFER
REGION CODE ADDRESS : 16 MAPLE STREET
01 CITY : CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,652.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031518939 MORTGAGORS: TURNER JAMES
TURNER SUSAN
REGION CODE ADDRESS : 3229 HOMEWOOD ROAD
01 CITY : DAVIDSONVILLE
STATE/ZIP : MD 21035
MORTGAGE AMOUNT : 253,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,773.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031518970 MORTGAGORS: DEGUZMAN PEDRO
DEGUZMAN RHONDA
REGION CODE ADDRESS : 39 EL DORADO DRIVE
01 CITY : LITTLE ROCK
STATE/ZIP : AR 72212
MORTGAGE AMOUNT : 275,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,279.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031518988 MORTGAGORS: PAULUS JOHN
PAULUS WENDY
REGION CODE ADDRESS : 1228 ROYAL BUFFALO
01 CITY : SILVERTHORNE
STATE/ZIP : CO 80498
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,765.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,487,300.00
P & I AMT: 10,138.77
UPB AMT: 1,485,591.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 414
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031519150 MORTGAGORS: VESPASIANO MICHAEL
HAZEL DANA
REGION CODE ADDRESS : 1805 KNOX AVENUE SOUTH
01 CITY : MINNEAPOLIS
STATE/ZIP : MN 55403
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,628.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.23900
----------------------------------------------------------------
0 0031519358 MORTGAGORS: MARIN MORRIS DESIREE
MORRIS RUSSELL
REGION CODE ADDRESS : 1759 PARKSIDE DRIVE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,877.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 997.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.94730
----------------------------------------------------------------
0 0031519424 MORTGAGORS: HEIRING PAUL
HEIRING JESSICA
REGION CODE ADDRESS : 2046 ACORN CIR
01 CITY : MINNETONKA
STATE/ZIP : MN 55391
MORTGAGE AMOUNT : 318,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,263.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.68200
----------------------------------------------------------------
0 0031519655 MORTGAGORS: SWEENEY JOHN
EUFEMIA JOANN
REGION CODE ADDRESS : 16 HARVEST LANE
01 CITY : MEDFORD
STATE/ZIP : NJ 08055
MORTGAGE AMOUNT : 295,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,711.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031520141 MORTGAGORS: HUSTON KENNETH
HUSTON CAROL
REGION CODE ADDRESS : 18001 92 ST E
01 CITY : SUMNER
STATE/ZIP : WA 98390
MORTGAGE AMOUNT : 241,705.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,521.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,669.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.03900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,506,125.00
P & I AMT: 10,510.44
UPB AMT: 1,505,001.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 415
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031520190 MORTGAGORS: BURKE THOMAS
BURKE CHRISTINE
REGION CODE ADDRESS : 2126 PARK AVENUE
01 CITY : WHITE BEAR LAKE
STATE/ZIP : MN 55110
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,314.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,815.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031520257 MORTGAGORS: SIPES RICHARD
SIPES CHERYL
REGION CODE ADDRESS : 242 HUNTERS POINTE PLACE
01 CITY : SIMPSONVILLE
STATE/ZIP : KY 40067
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,797.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,908.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0031520265 MORTGAGORS: HAYES PHIL
HAYES JOAN
REGION CODE ADDRESS : 6668 CHARING CROSS ROAD
01 CITY : OAKLAND
STATE/ZIP : CA 94618
MORTGAGE AMOUNT : 313,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,336.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,060.13 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031520299 MORTGAGORS: SHARP THOMAS
SHARP RAELYNN
REGION CODE ADDRESS : 5457 BRYANT ROAD
01 CITY : SHINGLE SPRINGS
STATE/ZIP : CA 95682
MORTGAGE AMOUNT : 477,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 476,654.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,376.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.50000
----------------------------------------------------------------
0 0031520331 MORTGAGORS: VANDELUYSTER THOMAS
VANDELUYSTER BRENDA
REGION CODE ADDRESS : 6127 BUTANO COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 275,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,395.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,927.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,595,700.00
P & I AMT: 11,087.71
UPB AMT: 1,594,498.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 416
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031520364 MORTGAGORS: IMELLI SAMUEL
IMELLI CYNTHIA
REGION CODE ADDRESS : 1745 LORENZEN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 309,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,264.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,137.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.69040
----------------------------------------------------------------
0 0031520398 MORTGAGORS: SUTO MICHAEL
SUTO ANTONETTE
REGION CODE ADDRESS : 1282 ROSALIA AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95117
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,806.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031520406 MORTGAGORS: BROWN WILFRED
SENNING-BROWN JUDY
REGION CODE ADDRESS : 1247 ORCHID DRIVE
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93111
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,580.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,537.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031520620 MORTGAGORS: WOOD CLIFFORD
WOOD NANETTE
REGION CODE ADDRESS : 14911 239TH DR SE
01 CITY : MONROE
STATE/ZIP : WA 98272
MORTGAGE AMOUNT : 145,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 144,889.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,001.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.31500
----------------------------------------------------------------
0 0031520893 MORTGAGORS: JOHNSON STEPHEN
REGION CODE ADDRESS : 17 PETERS STREET, UNIT #2
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02139
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 150,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,010.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,397,500.00
P & I AMT: 9,583.61
UPB AMT: 1,396,540.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 417
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031520927 MORTGAGORS: DECARO PASQUALE
SOLOMON MARION
REGION CODE ADDRESS : 16 ROSE AVENUE
01 CITY : MADISON
STATE/ZIP : NJ 07940
MORTGAGE AMOUNT : 135,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 135,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,056.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 51.92300
----------------------------------------------------------------
0 0031521107 MORTGAGORS: HEER JOSEPH
LACHOWICZ JEAN
REGION CODE ADDRESS : 260 LORRAINE DRIVE
01 CITY : BERKELEY HEIGHTS
STATE/ZIP : NJ 07922
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,283.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,154.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031521115 MORTGAGORS: CASSIDY PATRICK
CASSIDY DIANE
REGION CODE ADDRESS : 10 SMITH COURT
01 CITY : BELLE MEAD
STATE/ZIP : NJ 08502
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,368.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.78100
----------------------------------------------------------------
0 0031521180 MORTGAGORS: JOHNSON DAVID
JOHNSON JULIE
REGION CODE ADDRESS : 3985 GREYSTONE NE
01 CITY : CEDAR RAPIDS
STATE/ZIP : IA 52411
MORTGAGE AMOUNT : 441,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 441,405.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,013.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.84100
----------------------------------------------------------------
0 0031521214 MORTGAGORS: JARNAGIN WARNER
JARNAGIN SUSAN
REGION CODE ADDRESS : 250 NICHOLSON DRIVE
01 CITY : MOORESTOWN
STATE/ZIP : NJ 08057
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,396.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,407,750.00
P & I AMT: 9,747.94
UPB AMT: 1,405,453.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 418
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031521354 MORTGAGORS: MARCINOWSKI FRANK
MARCINOWSKI JOAN
REGION CODE ADDRESS : 3225 HOMEWOOD ROAD
01 CITY : DAVIDSONVILLE
STATE/ZIP : MD 21035
MORTGAGE AMOUNT : 263,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,645.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,818.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031521396 MORTGAGORS: FRIEDMAN ANDREW
FRIEDMAN ROBYN
REGION CODE ADDRESS : 9668 E. PRESIDIO ROAD
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 260,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,102.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,799.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 84.03225
----------------------------------------------------------------
0 0031521404 MORTGAGORS: KEANE CHRISTOPHER
REGION CODE ADDRESS : 17 BLOOMINGDALE COURT
01 CITY : ROCKVILLE
STATE/ZIP : MD 20852
MORTGAGE AMOUNT : 277,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,226.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,890.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031521412 MORTGAGORS: GREENSLADE JOHNNY
GREENSLADE KRISTI
REGION CODE ADDRESS : 1050 WINTERGREEN TERRACE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,404.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,725.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 87.24100
----------------------------------------------------------------
0 0031521479 MORTGAGORS: DRAY MONTE
REGION CODE ADDRESS : 470 GABILAN STREET #1
01 CITY : LOS ALTOS
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,655.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,244.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,517,950.00
P & I AMT: 10,478.67
UPB AMT: 1,515,034.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 419
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031521503 MORTGAGORS: SUCHER RICHARD
SUCHER PAMELA
REGION CODE ADDRESS : 1642 BUSHGROVE COURT
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,697.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,546.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031521545 MORTGAGORS: SAMOLY THOMAS
SAMOLY ELIZABETH
REGION CODE ADDRESS : 414 HURLINGHAM AVENUE
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 647,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 646,719.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,525.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 53.93300
----------------------------------------------------------------
0 0031521560 MORTGAGORS: IVES H
IVES JANE
REGION CODE ADDRESS : 3900 COLUMBINE CR
01 CITY : CHARLOTTE
STATE/ZIP : NC 28211
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,171.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031521610 MORTGAGORS: ZILKOW JONATHAN
ZILKOW CHRISTINA
REGION CODE ADDRESS : 142 SOUTH AMBERWOOD STREET
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,812.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,583.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.66100
----------------------------------------------------------------
0 0031521636 MORTGAGORS: BERNER BRET
BERNER NANCY
REGION CODE ADDRESS : 239 E1 GRANADA BLVD
01 CITY : EL GRANADA
STATE/ZIP : CA 94018
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,750.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.78700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,861,800.00
P & I AMT: 12,787.07
UPB AMT: 1,860,151.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 420
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031521644 MORTGAGORS: KLEIN STEVEN
REGION CODE ADDRESS : 3500 WOODCLIFF ROAD
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,737.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031521685 MORTGAGORS: BRALY BRANDON
BRALY VICTORIA
REGION CODE ADDRESS : 6012 HIGHLAND AVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,725.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,401.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031521701 MORTGAGORS: BOYD J
BOYD CAROL
REGION CODE ADDRESS : 902 RAINBOW CREST ROAD
01 CITY : FALLBROOK
STATE/ZIP : CA 92028
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,648.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,069.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.64600
----------------------------------------------------------------
0 0031521727 MORTGAGORS: HIGH CHARLES
HIGH LOUISE
REGION CODE ADDRESS : 340 BARRETT CIRCLE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,784.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.50000
----------------------------------------------------------------
0 0031521743 MORTGAGORS: MACLAREN WISTAR
NIDORF JEAN
REGION CODE ADDRESS : 6858 AVENIDA ANDORRA
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 510,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 509,611.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,522.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 53.68400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,918,000.00
P & I AMT: 13,104.69
UPB AMT: 1,916,508.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 421
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031521776 MORTGAGORS: LILIENSTEIN DANIEL
LILIENSTEIN CHERYL
REGION CODE ADDRESS : 4050 MANZANA LANE
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 633,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 633,029.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,429.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.61500
----------------------------------------------------------------
0 0031521800 MORTGAGORS: LEHRER MICHAEL
LEHRER CHRISTINA
REGION CODE ADDRESS : 5560 SOUTHWIND LANE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 273,230.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,000.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 89.00000
----------------------------------------------------------------
0 0031521826 MORTGAGORS: PROCHNOW KENNETH
BROWN JACQUELYN
REGION CODE ADDRESS : 2707 ST. GILES LANE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,758.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 53.91300
----------------------------------------------------------------
0 0031521834 MORTGAGORS: BLUEMER TERRY
BLUEMER JANICE
REGION CODE ADDRESS : 4590 SADDLE MOUNTAIN COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,765.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031521883 MORTGAGORS: BYR0N ELLEN
REMILLONG JEROME
REGION CODE ADDRESS : 3147 DONA MARIA
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,694.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,880.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,928,730.00
P & I AMT: 13,266.51
UPB AMT: 1,927,248.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 422
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031521917 MORTGAGORS: SISTOSO GEORGE
SISTOSO MARINA
REGION CODE ADDRESS : 3860 SPRINGFIELD COMMON
01 CITY : FREMONT
STATE/ZIP : CA 94555
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,783.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.97800
----------------------------------------------------------------
0 0031521966 MORTGAGORS: KEATHLEY SUSAN
REGION CODE ADDRESS : 33181 PASEO MOLINOS
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 236,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,374.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,654.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031522055 MORTGAGORS: COMSTOCK JAMES
COMSTOCK PAMELA
REGION CODE ADDRESS : 11137 PALOS VERDES DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,703.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.17500
----------------------------------------------------------------
0 0031522097 MORTGAGORS: MADICK PAUL
MADICK MICHELLE
REGION CODE ADDRESS : 3889 BLUFF STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 294,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,651.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,031.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.38900
----------------------------------------------------------------
0 0031522113 MORTGAGORS: RYAN DANIEL
RYAN PAMELA
REGION CODE ADDRESS : 14870 LA RINCONADA DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,647.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,321.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.96900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,682,650.00
P & I AMT: 11,693.04
UPB AMT: 1,681,160.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 423
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031522154 MORTGAGORS: SARRIS CHRISTOPHER
SARRIS MARY
REGION CODE ADDRESS : 2011 BALTRA PLACE
01 CITY : COSTA MESA
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,613.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.00000
----------------------------------------------------------------
0 0031522188 MORTGAGORS: HEPPY GARY
HEPPY GEORGINA
REGION CODE ADDRESS : 18 HILLRISE
01 CITY : DOVE CANYON
STATE/ZIP : CA 92752
MORTGAGE AMOUNT : 335,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,431.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,261.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031522220 MORTGAGORS: EMERSON JOHN
EMERSON PATRICIA
REGION CODE ADDRESS : 17204 LA BRISA
01 CITY : RANCHO SANTA FE
STATE/ZIP : CA 92067
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,754.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 52.92000
----------------------------------------------------------------
0 0031522782 MORTGAGORS: HACKETT GARY
REGION CODE ADDRESS : 25 REGENT ROAD
01 CITY : MALDEN
STATE/ZIP : MA 02148
MORTGAGE AMOUNT : 89,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 89,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 657.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/23
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 83.96200
----------------------------------------------------------------
0 0031522857 MORTGAGORS: JARENSKI RICHARD
REGION CODE ADDRESS : 109 STORM HAVEN COURT
01 CITY : STEVENSVILLE
STATE/ZIP : MD 21666
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,762.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.37735
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,290,700.00
P & I AMT: 8,831.12
UPB AMT: 1,289,562.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 424
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031522915 MORTGAGORS: ZANDMAN MICHAEL
ZANDMAN DIANE
REGION CODE ADDRESS : 6 MAGNOLIA LANE
01 CITY : COLTS NECK
STATE/ZIP : NJ 07722
MORTGAGE AMOUNT : 589,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 588,144.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,168.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.17900
----------------------------------------------------------------
0 0031522980 MORTGAGORS: CHANG JAE
PARK TRACY
REGION CODE ADDRESS : 2413 VAN LAYDEN WAY
01 CITY : MODESTO
STATE/ZIP : CA 95356
MORTGAGE AMOUNT : 276,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,100.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,955.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031523020 MORTGAGORS: EIDAM SANDRA
EIDAM CARL
REGION CODE ADDRESS : 6 KIMBALL HILL DRIVE
01 CITY : HAVERHILL
STATE/ZIP : MA 01830
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,759.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.47169
----------------------------------------------------------------
0 0031523038 MORTGAGORS: RAO PRASHANT
RAO MONISHA
REGION CODE ADDRESS : 7820 S. DORCHESTER LANE
01 CITY : DARIEN
STATE/ZIP : IL 60561
MORTGAGE AMOUNT : 273,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,897.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,909.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
0 0031523079 MORTGAGORS: CRESBAUGH JAMES
CRESBAUGH LORI
REGION CODE ADDRESS : 6 BRIARWOOD COURT
01 CITY : SPARTA TOWNSHIP
STATE/ZIP : NJ 07871
MORTGAGE AMOUNT : 287,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,696.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,666,300.00
P & I AMT: 11,713.59
UPB AMT: 1,664,598.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 425
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031523228 MORTGAGORS: WELSH DAVID
WELSH BETTY
REGION CODE ADDRESS : 24205 PARK GRANADA
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,622.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,060.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 67.84600
----------------------------------------------------------------
0 0031523293 MORTGAGORS: RETTINO JOHN
RETTINO PAT
REGION CODE ADDRESS : 5043 BELLAIRE AVENUE
01 CITY : VALLEY VILLAGE
STATE/ZIP : CA 91607
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,749.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,356.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.19040
----------------------------------------------------------------
0 0031523301 MORTGAGORS: LUTHER DOUGLAS
LUTHER HEIDI
REGION CODE ADDRESS : 5317 VIA RAMON
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 242,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,701.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,610.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031523343 MORTGAGORS: LEON LUIS
LEON LOYDA
REGION CODE ADDRESS : 2421 LASSALETTE COURT
01 CITY : RIVERSIDE
STATE/ZIP : CA 92503
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,816.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.13500
----------------------------------------------------------------
0 0031523442 MORTGAGORS: SAXENA RAM
SAXENA UMA
REGION CODE ADDRESS : 880 SPRUCE STREET
01 CITY : BERKELEY
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 368,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,512.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,515.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,667,900.00
P & I AMT: 11,405.99
UPB AMT: 1,666,403.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 426
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031523491 MORTGAGORS: DALY AUSTIN
DALY JOSIE
REGION CODE ADDRESS : 248 MOUNTAIN VIEW ROAD
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95065
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,807.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.53500
----------------------------------------------------------------
0 0031523616 MORTGAGORS: FRIEDMAN MELISSA
FRIEDMAN LAWRENCE
REGION CODE ADDRESS : 1420 EASTCREST COURT
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95062
MORTGAGE AMOUNT : 204,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 204,648.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,431.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031523699 MORTGAGORS: KLAHN NORMA
DELGADO GUILLERMO
REGION CODE ADDRESS : 207 VILLAGE CIRCLE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,809.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 83.33300
----------------------------------------------------------------
0 0031526296 MORTGAGORS: SKUNDA THOMAS
SHEA PATRICIA
REGION CODE ADDRESS : 141 SANTA ROSA AVE.
01 CITY : SAUSALITO
STATE/ZIP : CA 94965
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,666.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,919.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.16300
----------------------------------------------------------------
0 0031526312 MORTGAGORS: MANCINI MARTIN
MANCINI SHELLEY
REGION CODE ADDRESS : 3013 VINA VIAL
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,774.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.04800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,449,800.00
P & I AMT: 10,055.90
UPB AMT: 1,448,705.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 427
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031526429 MORTGAGORS: BRITTS LARRY
BRITTS JUDY
REGION CODE ADDRESS : 4725 NEWANGA AVENUE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95405
MORTGAGE AMOUNT : 289,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,974.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031527427 MORTGAGORS: SMITH MATTHEW
SMITH KATHERINE
REGION CODE ADDRESS : 3160 SAINT CHARLES PLACE
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21043
MORTGAGE AMOUNT : 242,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,306.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.96544
----------------------------------------------------------------
0 0031527435 MORTGAGORS: WAITE PHILLIP
WAITE SUSAN
REGION CODE ADDRESS : 1106 FOUNTAINGROVE COURT
01 CITY : BEL AIR
STATE/ZIP : MD 21014
MORTGAGE AMOUNT : 258,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,958.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
0 0031527666 MORTGAGORS: SABO MICHAEL
SABO CINDY
REGION CODE ADDRESS : 4002 BLUFF STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,659.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,761.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.04700
----------------------------------------------------------------
0 0031528037 MORTGAGORS: JARVIS ANTHONY
JARVIS CAROLINE
REGION CODE ADDRESS : 89 KING STREET
01 CITY : WATERTOWN
STATE/ZIP : MA 02172
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,297.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,646.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,452,350.00
P & I AMT: 9,819.29
UPB AMT: 1,451,195.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 428
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031528243 MORTGAGORS: FINEMAN STANLEY
REGION CODE ADDRESS : 4042 RIVER RIDGE CHASE
01 CITY : MARIETTA
STATE/ZIP : GA 30067
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,768.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031528268 MORTGAGORS: SMOOT-WOOD DANIEL
SMOOT-WOOD PATRICIA
REGION CODE ADDRESS : 207 RACCOON RUN COURT
01 CITY : HANOVER
STATE/ZIP : MD 21076
MORTGAGE AMOUNT : 256,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,867.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99568
----------------------------------------------------------------
0 0031529324 MORTGAGORS: GOLBA SCOTT
GOLBA AMY
REGION CODE ADDRESS : 1160 EAST HARRISON STREET
01 CITY : CHANDLER
STATE/ZIP : AZ 85225
MORTGAGE AMOUNT : 94,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 94,328.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 652.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031529456 MORTGAGORS: OCHOA DAVID
OCHOA MELISSA
REGION CODE ADDRESS : 2259 SUNLIT ANN DRIVE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 160,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 159,872.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,077.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031529480 MORTGAGORS: COUGHLIN MICHAEL
COUGHLIN KEELY
REGION CODE ADDRESS : 11830 SE 266TH PL
01 CITY : KENT
STATE/ZIP : WA 98031
MORTGAGE AMOUNT : 160,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 159,865.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,051.09 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 990,800.00
P & I AMT: 6,905.06
UPB AMT: 989,701.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 429
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031529530 MORTGAGORS: BHADARE AJAIB
BHADARE SUKHNINDER
REGION CODE ADDRESS : 7501 MITCHELL DRIVE
01 CITY : ROHNERT PARK
STATE/ZIP : CA 94928
MORTGAGE AMOUNT : 169,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 169,071.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,168.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031529944 MORTGAGORS: AYERS LARRY
AYERS ROBERTA
REGION CODE ADDRESS : 4200 OAK VALLEY ROAD
01 CITY : AUBURN
STATE/ZIP : CA 95602
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,730.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,353.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 49.28570
----------------------------------------------------------------
0 0031529977 MORTGAGORS: HUST E
CASELLA JEANNE
REGION CODE ADDRESS : 123 WILD HORSE VALLEY DRIVE
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,765.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 51.28200
----------------------------------------------------------------
0 0031530025 MORTGAGORS: PAEK JONG-MAN
PAEK CHI
REGION CODE ADDRESS : 582 22ND AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94121
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,817.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.36300
----------------------------------------------------------------
0 0031530041 MORTGAGORS: TANDIONO BENJAMIN
TANDIONO KAREN
REGION CODE ADDRESS : 40557 AMBAR PLACE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,748.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,557.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.33330
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,423,200.00
P & I AMT: 9,909.89
UPB AMT: 1,422,133.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 430
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031530058 MORTGAGORS: CYPHERS MARIANNA
SILVERSTONE KERRY
REGION CODE ADDRESS : 345 CASTENADA COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 314,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,366.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,199.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.73170
----------------------------------------------------------------
0 0031530074 MORTGAGORS: THOMAS MATTHEW
THOMAS BETH ANNE
REGION CODE ADDRESS : 1539 MEADOW CIRCLE
01 CITY : CARPINTERIA
STATE/ZIP : CA 93013
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,791.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.50000
----------------------------------------------------------------
0 0031530132 MORTGAGORS: GUTIERREZ MICHAEL
GUTIERREZ MERRY
REGION CODE ADDRESS : 1885 GEORGETTA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,812.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.33760
----------------------------------------------------------------
0 0031530157 MORTGAGORS: RUIZ ROBERT
RUIZ MARIA
REGION CODE ADDRESS : 203 SOUTH 17TH STREET
01 CITY : SAN JOSE
STATE/ZIP : CA 95112
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,800.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.62000
----------------------------------------------------------------
0 0031530181 MORTGAGORS: NICHOLS GERALD
NICHOLS DIANE
REGION CODE ADDRESS : 5335 GRANDVIEW AVENUE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 327,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,994.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,232.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,417,850.00
P & I AMT: 9,774.21
UPB AMT: 1,416,766.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 431
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031530207 MORTGAGORS: O'HARA GEORGE
O'HARA MARTHA
REGION CODE ADDRESS : 4559 BLANCA DRIVE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 276,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,249.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,956.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031530223 MORTGAGORS: KINN JOSEPH
REGION CODE ADDRESS : 235 WEST HILLSDALE BOULEVARD
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,792.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
0 0031530256 MORTGAGORS: KWONG JANSEN
KWONG MICHELE
REGION CODE ADDRESS : 1114 ZINFANDEL WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,797.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
0 0031530272 MORTGAGORS: MAKER BRADLEY
MAKER JANE
REGION CODE ADDRESS : 1076 CHESHIRE CIRCLE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 333,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,258.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,360.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.37800
----------------------------------------------------------------
0 0031530488 MORTGAGORS: CAIRNS LEO
POLANSKY GERALDINE
REGION CODE ADDRESS : 683 WHISPERING OAKS PLACE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,488.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,397.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,461,950.00
P & I AMT: 10,653.98
UPB AMT: 1,460,586.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 432
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031530504 MORTGAGORS: BARLOW BRUCE
BARLOW PAMELA
REGION CODE ADDRESS : 38632 VIA MAJORCA
01 CITY : MURRIETA
STATE/ZIP : CA 92562
MORTGAGE AMOUNT : 227,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,035.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 46.84500
----------------------------------------------------------------
0 0031530538 MORTGAGORS: LEHR LAWRENCE
LEHR MARY
REGION CODE ADDRESS : 2028 SIESTA LANE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95404
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,805.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031530686 MORTGAGORS: NAKATSU KORY
REGION CODE ADDRESS : 10684 ACACIA DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 255,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,766.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99500
----------------------------------------------------------------
0 0031530785 MORTGAGORS: SCARBOROUGH MARY
LEAT LORETTA
REGION CODE ADDRESS : 427-427 1/2 CARNATION
01 CITY : CORONA DEL MAR
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,812.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 49.40000
----------------------------------------------------------------
0 0031530967 MORTGAGORS: ROGERS GARY
ROGERS KAREN
REGION CODE ADDRESS : 1047 FETHERSTON LANE
01 CITY : FELTON
STATE/ZIP : CA 95018
MORTGAGE AMOUNT : 227,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,431.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,591.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,213,600.00
P & I AMT: 8,595.36
UPB AMT: 1,210,850.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 433
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031531148 MORTGAGORS: GUTERRES LIONEL
REGION CODE ADDRESS : 2600 BERKSHIRE DRIVE
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,839.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,689.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.13900
----------------------------------------------------------------
0 0031531247 MORTGAGORS: SCHMANSKI TIMOTHY
SCHMANSKI MARIA
REGION CODE ADDRESS : 389 SOUTH 320 WEST
01 CITY : LINDON
STATE/ZIP : UT 84042
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,804.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031531270 MORTGAGORS: BLACK CHARLES
REGION CODE ADDRESS : 1419 108TH AVENUE NORTHEAST
01 CITY : BELLEVUE
STATE/ZIP : WA 98004
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,343.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.07177
----------------------------------------------------------------
0 0031531296 MORTGAGORS: WELP MARION
REGION CODE ADDRESS : 3636 VISTA DE LA BAHIA
01 CITY : SAN DIEGO
STATE/ZIP : CA 92117
MORTGAGE AMOUNT : 350,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,878.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,450.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031531320 MORTGAGORS: LAZENBY ROBERT
LAZENBY KAREN
REGION CODE ADDRESS : 3038 MIWOK WAY
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 404,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,932.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,794.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,509,950.00
P & I AMT: 10,471.54
UPB AMT: 1,507,798.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 434
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031531346 MORTGAGORS: BROD THOMAS
BROD LILY
REGION CODE ADDRESS : 14745 WHITFIELD AVENUE
01 CITY : PACIFIC PALISADES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,530.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031531361 MORTGAGORS: DUNN ALVIN
DUNN ELSIE
REGION CODE ADDRESS : 19709 YANAN ROAD
01 CITY : APPLE VALLEY
STATE/ZIP : CA 92307
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,680.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.24528
----------------------------------------------------------------
0 0031531395 MORTGAGORS: LESLIE CHARLES
LESLIE JANET
REGION CODE ADDRESS : 4233 WILD OAT WAY
01 CITY : ROSEVILLE
STATE/ZIP : CA 95747
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,530.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.56718
----------------------------------------------------------------
0 0031531429 MORTGAGORS: HERRO FRANKLIN
HERRO JOYCE
REGION CODE ADDRESS : 28371 GITANO
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,571.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,909.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.53020
----------------------------------------------------------------
0 0031531445 MORTGAGORS: BRACKEN KATHLEEN
HARLOW ANDREW
REGION CODE ADDRESS : 14331 ROBLAR PLACE
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,714.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,405.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.65300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,614,000.00
P & I AMT: 11,308.34
UPB AMT: 1,612,027.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 435
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031531460 MORTGAGORS: STEDMAN J
STEDMAN MICHELE
REGION CODE ADDRESS : 841 RICHARD LANE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,558.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 63.58381
----------------------------------------------------------------
0 0031531486 MORTGAGORS: RAJARATNAM JOHN
REGION CODE ADDRESS : 23509 RIDGELINE ROAD
01 CITY : DIAMOND BAR
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,688.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.06200
----------------------------------------------------------------
0 0031531502 MORTGAGORS: COSCINO CHRISTOPHER
COSCINO KARLA
REGION CODE ADDRESS : 5327 VISTA MONTANA
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 369,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,311.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,521.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 88.00000
----------------------------------------------------------------
0 0031532062 MORTGAGORS: SCOTT BRADLEY
SCOTT CATHY
REGION CODE ADDRESS : 505 JETER STREET
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,781.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.08400
----------------------------------------------------------------
0 0031532088 MORTGAGORS: FARRELL WILLIAM
REGION CODE ADDRESS : 2293 LORING STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,806.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,597,600.00
P & I AMT: 10,960.30
UPB AMT: 1,596,146.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 436
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031532104 MORTGAGORS: MCKENZIE JOANNA
REGION CODE ADDRESS : 10753 ANDORA AVENUE
01 CITY : LOS ANGELES CHATSWORTH AR
STATE/ZIP : CA 91311
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,788.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031532153 MORTGAGORS: DE RODRIGUEZ GARY
MOSSER ROGER
REGION CODE ADDRESS : 3065 CURLEW STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92103
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,762.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 55.45400
----------------------------------------------------------------
0 0031532187 MORTGAGORS: WANG JAMES
WANG SALI
REGION CODE ADDRESS : 12750 WOODMONT DRIVE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,629.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,761.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031533466 MORTGAGORS: MARVIN RICHARD
REGION CODE ADDRESS : 1825 NORTH CALIFORNIA STREET
01 CITY : BURBANK
STATE/ZIP : CA 91505
MORTGAGE AMOUNT : 171,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 170,715.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,166.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.65300
----------------------------------------------------------------
0 0031533540 MORTGAGORS: MISHOOK STANLEY
MISHOOK ANITA
REGION CODE ADDRESS : 3137 CORTE PORTOFINO
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92714
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,747.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,601,000.00
P & I AMT: 11,128.36
UPB AMT: 1,599,643.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 437
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031533565 MORTGAGORS: JONES CHARLES
DERRICKS ALMA
REGION CODE ADDRESS : 2449 PATRICIA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90212
MORTGAGE AMOUNT : 499,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,119.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,449.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031534415 MORTGAGORS: ELLIOTT RODNEY
ELLIOTT JEANINE
REGION CODE ADDRESS : 15516 GROVEHILL LANE
01 CITY : LA MIRADA
STATE/ZIP : CA 90638
MORTGAGE AMOUNT : 261,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,296.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.96900
----------------------------------------------------------------
0 0031535172 MORTGAGORS: FULLER RONALD
FULLER KRISTINE
REGION CODE ADDRESS : 4915 THREADNEEDLE ROAD
01 CITY : GREENVILLE
STATE/ZIP : DE 19807
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,281.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031535289 MORTGAGORS: WHITEHURST STEPHEN
WHITEHURST NANCY
REGION CODE ADDRESS : 72 RUSSET ROAD
01 CITY : BREWSTER
STATE/ZIP : MA 02631
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,525.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.63600
----------------------------------------------------------------
0 0031535347 MORTGAGORS: REED JAMES
REED JOANNE
REGION CODE ADDRESS : 2303 NORWALK DR
01 CITY : HARRISBURG
STATE/ZIP : PA 17112
MORTGAGE AMOUNT : 234,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,249.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.61800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,466,750.00
P & I AMT: 10,368.49
UPB AMT: 1,464,472.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 438
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031535362 MORTGAGORS: ELAHI BABAK
ELAHI LADAN
REGION CODE ADDRESS : 156 SUMMERSET COURT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,793.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031535503 MORTGAGORS: REDDELL C
REGION CODE ADDRESS : 2020 PROSPECT AVENUE
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 280,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,586.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,939.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031535537 MORTGAGORS: DUNN STEPHEN
DUNN KATHLEEN
REGION CODE ADDRESS : 5 GREENLEAF FARM CIRCLE
01 CITY : SHREWSBURY
STATE/ZIP : MA 01545
MORTGAGE AMOUNT : 251,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,029.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,025.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.18100
----------------------------------------------------------------
0 0031535552 MORTGAGORS: TYLER JUDY
REGION CODE ADDRESS : 2804 CHATEAU WAY
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,772.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.11700
----------------------------------------------------------------
0 0031535685 MORTGAGORS: WIJEKOON DONALD
WIJEKOON MANEL
REGION CODE ADDRESS : 738 KEY ROUTE BOULEVARD
01 CITY : ALBANY
STATE/ZIP : CA 94706
MORTGAGE AMOUNT : 196,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 195,854.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,370.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,328,200.00
P & I AMT: 9,581.90
UPB AMT: 1,326,036.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 439
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031536220 MORTGAGORS: GOODE WILLIAM
SALAZAR KATHLEEN
REGION CODE ADDRESS : 38 SCENIC AVENUE
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,787.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031536253 MORTGAGORS: REEDS JAMES
AUSTIN LAURA
REGION CODE ADDRESS : 30 MARINA COURT DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,794.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031536410 MORTGAGORS: KNAUER JEFFERSON
KNAUER JACQUELINE
REGION CODE ADDRESS : 30701 MARILYN DRIVE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.82900
----------------------------------------------------------------
0 0031536535 MORTGAGORS: HERRERA ANDRE
HERRERA STEPHANIE
REGION CODE ADDRESS : 13 SECA PLACE
01 CITY : SALINAS
STATE/ZIP : CA 93908
MORTGAGE AMOUNT : 262,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,060.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.92800
----------------------------------------------------------------
0 0031536592 MORTGAGORS: TOYAMA HARVEY
TOYAMA DOLORES
REGION CODE ADDRESS : 13 GLORIETA WEST
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 264,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,308.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.95500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,362,750.00
P & I AMT: 9,508.16
UPB AMT: 1,361,733.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 440
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031536626 MORTGAGORS: WEEKS H.D.
WEEKS JOANNE
REGION CODE ADDRESS : 32 SUNSET COVE
01 CITY : NEWPORT COAST
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 588,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 587,541.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,011.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.84300
----------------------------------------------------------------
0 0031536667 MORTGAGORS: MCINTYRE PAUL
LU CHIH
REGION CODE ADDRESS : 1522 GOODMAN AVENUE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,785.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031536725 MORTGAGORS: DESEDARE JULIE
REGION CODE ADDRESS : 4037 FERNWOOD STREET
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,784.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.85300
----------------------------------------------------------------
0 0031536758 MORTGAGORS: NELSON EUGENE
NELSON LORA
REGION CODE ADDRESS : 22115 PLACERITOS BOULEVARD
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91321
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,698.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,270.09 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 72.91600
----------------------------------------------------------------
0 0031536774 MORTGAGORS: WHITE MARK
WHITE JACKIE
REGION CODE ADDRESS : 28792 APPLETREE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,737.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,841,000.00
P & I AMT: 12,494.61
UPB AMT: 1,839,546.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 441
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031536816 MORTGAGORS: HUNTLEY MICHAEL
HUNTLEY MARY
REGION CODE ADDRESS : 301 CLAREMONT AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,764.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,141.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.60900
----------------------------------------------------------------
0 0031536840 MORTGAGORS: YOUNG DOUGLAS
REGION CODE ADDRESS : 1766 33RD AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94122
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,799.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031536865 MORTGAGORS: YAO KELVIN
TRAYLOR CHELSEA
REGION CODE ADDRESS : 12211 SEVEN HILLS LANE
01 CITY : CLIFTON
STATE/ZIP : VA 20124
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,666.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,146.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031536923 MORTGAGORS: EWALD MICHAEL
EWALD MARGARETA
REGION CODE ADDRESS : 3219 263RD COURT SOUTHEAST
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,776.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031537087 MORTGAGORS: CAPEN JOHN
CAPEN HEIDI
REGION CODE ADDRESS : 942 LATIGO LANE
01 CITY : CORONA
STATE/ZIP : CA 91720
MORTGAGE AMOUNT : 184,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 183,863.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,286.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.75609
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,488,000.00
P & I AMT: 10,283.92
UPB AMT: 1,486,868.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 442
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031537194 MORTGAGORS: RENGPRAPHUN TEERASAK
CARUNUNGAN THERESA
REGION CODE ADDRESS : 43 CHICORY ROAD
01 CITY : WESTFORD
STATE/ZIP : MA 01886
MORTGAGE AMOUNT : 247,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,606.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.08000
----------------------------------------------------------------
0 0031537228 MORTGAGORS: WILSON STEVEN
TRONCOSO JOSE
REGION CODE ADDRESS : 1066-1068 14TH STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 594,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 593,591.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,306.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.89200
----------------------------------------------------------------
0 0031537525 MORTGAGORS: O'DONNELL THOMAS
O'DONNELL LAWANDA
REGION CODE ADDRESS : 2347 EAST EVANS DRIVE
01 CITY : PHOENIX
STATE/ZIP : AZ 85022
MORTGAGE AMOUNT : 88,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 87,927.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 585.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031537558 MORTGAGORS: FOSKETT JAMES
FOSKETT SUSANA
REGION CODE ADDRESS : 12717 ARENA DRIVE
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91739
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,804.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031537590 MORTGAGORS: BERGMAN BRUCE
BERGMAN JAY
REGION CODE ADDRESS : 7157 PARK VILLAGE ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92129
MORTGAGE AMOUNT : 253,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,311.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,772.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.52200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,453,300.00
P & I AMT: 10,266.36
UPB AMT: 1,452,242.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 443
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031537632 MORTGAGORS: CLEGG STEVEN
REGION CODE ADDRESS : 1603 EAST OLD LAKE LANE
01 CITY : FRUIT HEIGHTS
STATE/ZIP : CA 84037
MORTGAGE AMOUNT : 304,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,274.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,129.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 76.12500
----------------------------------------------------------------
0 0031537681 MORTGAGORS: LANDERS JOHN
LANDERS STEPHANIE
REGION CODE ADDRESS : 47 CAMBRIDGE COURT
01 CITY : COTO DE CAZA AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,811.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031537749 MORTGAGORS: MONTGOMERY ARTHUR
REGION CODE ADDRESS : 12215 RAINBOW DRIVE
01 CITY : ARLINGTON
STATE/ZIP : WA 98223
MORTGAGE AMOUNT : 83,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 83,341.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 597.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.18100
----------------------------------------------------------------
0 0031537798 MORTGAGORS: ERICKSEN RICHARD
ERICKSEN JANET
REGION CODE ADDRESS : 7345 SOUTH 2650 WEST
01 CITY : SPANISH FORK
STATE/ZIP : UT 84660
MORTGAGE AMOUNT : 214,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,444.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,518.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 57.68800
----------------------------------------------------------------
0 0031538432 MORTGAGORS: BEER LEONARD
DIETZ SUSAN
REGION CODE ADDRESS : 9 MONTPELLIER
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 540,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 539,599.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,775.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,390,500.00
P & I AMT: 9,734.16
UPB AMT: 1,389,470.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 444
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031541121 MORTGAGORS: MILLER CHRISTOPHER
REGION CODE ADDRESS : 2124 ROSKELLEY DRIVE
01 CITY : CONCORD
STATE/ZIP : CA 94519
MORTGAGE AMOUNT : 128,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 127,887.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 819.60 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031541378 MORTGAGORS: JENSEN BRYCE
REGION CODE ADDRESS : 374 W 1420 NORTH
01 CITY : PLEASANT GROVE
STATE/ZIP : UT 84062
MORTGAGE AMOUNT : 104,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 103,914.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 691.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031541402 MORTGAGORS: MONTANO SALOMON
REGION CODE ADDRESS : 54 MONTANO ROAD
01 CITY : BOSQUE
STATE/ZIP : NM 87006
MORTGAGE AMOUNT : 132,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 132,391.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 881.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.94110
----------------------------------------------------------------
0 0031542608 MORTGAGORS: BUCHAN RICK
BUCHAN JAQUELINE
REGION CODE ADDRESS : 267 CAMBRIDGE AVENUE
01 CITY : KENSINGTON
STATE/ZIP : CA 94708
MORTGAGE AMOUNT : 246,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,221.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,744.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031542657 MORTGAGORS: KOCH GERALD
KOCH JANET
REGION CODE ADDRESS : 417 LOCK DRIVE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 339,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,754.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,399.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.01700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 949,900.00
P & I AMT: 6,536.46
UPB AMT: 949,169.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 445
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031542673 MORTGAGORS: COATS MICHAEL
COATS VALERIE
REGION CODE ADDRESS : 20800 BURNDALE ROAD
01 CITY : SONOMA
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,744.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031542699 MORTGAGORS: WILLIAMSON JOHN
WILLIAMSON ELIZABETH
REGION CODE ADDRESS : 9432 BREWER WAY
01 CITY : VILLA PARK
STATE/ZIP : CA 92861
MORTGAGE AMOUNT : 417,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,698.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,951.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.25800
----------------------------------------------------------------
0 0031542731 MORTGAGORS: ARVIZU ROY
ARVIZU DONNA
REGION CODE ADDRESS : 305 DIAMOND AVENUE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92662
MORTGAGE AMOUNT : 543,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 542,597.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,796.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 63.13900
----------------------------------------------------------------
0 0031543036 MORTGAGORS: DERITO ROSE
DERITO MARTY
REGION CODE ADDRESS : 11604 NORTH 86TH STREET
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 195,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 195,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,380.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031544182 MORTGAGORS: BUEHRENS PAUL
WARD LAETITIA
REGION CODE ADDRESS : 1606 37TH AVENUE
01 CITY : SEATTLE
STATE/ZIP : WA 98122
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,769.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.34700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,787,000.00
P & I AMT: 12,468.34
UPB AMT: 1,785,808.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 446
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031544281 MORTGAGORS: SMITH WILLIAM
SMITH CARRIE
REGION CODE ADDRESS : 6465 ERIN DRIVE
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,292.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031544356 MORTGAGORS: CUSHING MARK
CUSHING KIMBERLEY
REGION CODE ADDRESS : 5 HICKORY DRIVE
01 CITY : GLEN MILLS
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 319,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,481.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,100.53 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.57200
----------------------------------------------------------------
0 0031544422 MORTGAGORS: NEILL NANCY
COX CHRISTINA
REGION CODE ADDRESS : 675 CHERRYDALE DRIVE
01 CITY : LAFAYETTE HILL
STATE/ZIP : PA 19444
MORTGAGE AMOUNT : 291,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,348.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.32 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031544505 MORTGAGORS: MORGAN ALLAN
MORGAN LINDA
REGION CODE ADDRESS : 890 CHIQUITA ROAD
01 CITY : HEALDSBURG
STATE/ZIP : CA 95448
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,802.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 45.21700
----------------------------------------------------------------
0 0031544828 MORTGAGORS: GOOCH RICHARD
REGION CODE ADDRESS : 4150 17TH STREET,#10
01 CITY : SAN FRANCICSO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.96500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,436,850.00
P & I AMT: 9,722.17
UPB AMT: 1,435,708.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 447
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031544885 MORTGAGORS: LAFRANCHI ARTHUR
LAFRANCHI DIANE
REGION CODE ADDRESS : 4000 PINER ROAD
01 CITY : SANTA ROSA
STATE/ZIP : CA 95401
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 579,547.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,956.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.28500
----------------------------------------------------------------
0 0031544927 MORTGAGORS: LIGHT GENE
LIGHT LYNN
REGION CODE ADDRESS : 3084 FRANKLIHN CANYON DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,733.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,708.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 41.08600
----------------------------------------------------------------
0 0031544968 MORTGAGORS: RAMIREZ THOMAS
REGION CODE ADDRESS : 5113 VIA EL SERENO
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 445,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,652.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,035.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.39100
----------------------------------------------------------------
0 0031545023 MORTGAGORS: STANLEY RICHARD
JANVIER MAURICE
REGION CODE ADDRESS : 1971 DE MILLE DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90027
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,773.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,215.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 74.52300
----------------------------------------------------------------
0 0031545031 MORTGAGORS: LEVY MARTIN
LEVY JULIE
REGION CODE ADDRESS : 359 CANHAM ROAD
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 368,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,533.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,084,800.00
P & I AMT: 14,526.07
UPB AMT: 2,083,240.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 448
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031545098 MORTGAGORS: RULEY JAMES
REGION CODE ADDRESS : 3405 EAST 96TH PLACE SOUTH
01 CITY : TULSA
STATE/ZIP : OK 74137
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,008.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031545148 MORTGAGORS: MABRY RONALD
MABRY SHEILA
REGION CODE ADDRESS : 487 BUENA VISTA AVENUE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,706.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,980.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.84600
----------------------------------------------------------------
0 0031545221 MORTGAGORS: RAMEZANI SOHEIL
RAMEZANI DALE
REGION CODE ADDRESS : 319 ROYCROFT AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90814
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,726.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031545270 MORTGAGORS: PELOT MIRIAM
REGION CODE ADDRESS : 3101 CORTE CABRILLO
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 98,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 98,417.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 647.07 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 46.35200
----------------------------------------------------------------
0 0031545346 MORTGAGORS: SWANSON MARK
SWANSON DIANA
REGION CODE ADDRESS : 1860 MOUNTAIN VIEW AVENUE
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,772.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,420,500.00
P & I AMT: 9,852.84
UPB AMT: 1,418,630.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 449
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031545387 MORTGAGORS: NIEMANN H
NIEMANN BARBARA
REGION CODE ADDRESS : 105 PALMER DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,810.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031545445 MORTGAGORS: NORDSTROM SOREN
NORDSTROM TANYA
REGION CODE ADDRESS : 29 SPRING ROAD
01 CITY : LAGUNITAS
STATE/ZIP : CA 94938
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,813.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.36600
----------------------------------------------------------------
0 0031545742 MORTGAGORS: MANION TIMOTHY
VIGUIE CHRISTINE
REGION CODE ADDRESS : 4712 46TH AVENUE SOUTHWEST
01 CITY : SEATTLE
STATE/ZIP : WA 98116
MORTGAGE AMOUNT : 275,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,295.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031546286 MORTGAGORS: KRITZSTEIN SIDNEY
KRITZSTEIN BEVERLY
REGION CODE ADDRESS : 8 CLAREMONT LANE
01 CITY : COTO DE CAZA AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,643.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,232.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031546328 MORTGAGORS: BRYSON RANDAL
BRYSON ANNIE
REGION CODE ADDRESS : 931 TENTH STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 323,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,353.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,235.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.39000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,586,100.00
P & I AMT: 11,068.06
UPB AMT: 1,584,917.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 450
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031546385 MORTGAGORS: EVANS LAURENCE
EVANS JUDY
REGION CODE ADDRESS : 6746 EAST LEAFWOOD DRIVE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,819.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.00000
----------------------------------------------------------------
0 0031546559 MORTGAGORS: DAVIES DEBORAH
REGION CODE ADDRESS : 5595 CARRIAGE LANE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 175,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 174,863.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,193.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.08690
----------------------------------------------------------------
0 0031547524 MORTGAGORS: ADAMS PAULETTE
REGION CODE ADDRESS : 590 NORTH COAST HIGHWAY
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,797.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,908.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 60.00000
----------------------------------------------------------------
0 0031547540 MORTGAGORS: MERSY TERRY
REGION CODE ADDRESS : 2756 HIGHLAND DRIVE
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 195,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 194,855.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,363.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.93700
----------------------------------------------------------------
0 0031547573 MORTGAGORS: MCHANEY MICHAEL
MCHANEY APRIL
REGION CODE ADDRESS : 11047 EAST PRESILLA ROAD
01 CITY : CAMARILLO AREA
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 612,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 612,067.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,388.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,492,500.00
P & I AMT: 10,491.07
UPB AMT: 1,491,403.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 451
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031548738 MORTGAGORS: AUGELLO BARBARA
REGION CODE ADDRESS : 2410 FOX RUN WAY
01 CITY : RIEGELSVILLE
STATE/ZIP : PA 18077
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,792.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0031549355 MORTGAGORS: DRUGMAND MARY
REGION CODE ADDRESS : 3697 REDWOOD STREET
01 CITY : LAS VEGAS
STATE/ZIP : NV 89103
MORTGAGE AMOUNT : 80,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 80,141.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 567.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.16000
----------------------------------------------------------------
0 0031549413 MORTGAGORS: COYLE FRANCIS
COYLE LINDA
REGION CODE ADDRESS : 13 DEER CREEK CROSSING
01 CITY : EAST MARLBOROUGH TOWNSHIP
STATE/ZIP : PA 19348
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,780.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031552565 MORTGAGORS: STENGER ROBERT
STENGER MARLENE
REGION CODE ADDRESS : 600 COMMERCIAL STREET
01 CITY : ROCKPORT
STATE/ZIP : ME 04856
MORTGAGE AMOUNT : 451,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,181.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,234.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.63600
----------------------------------------------------------------
0 0031553126 MORTGAGORS: MORGAN RHIDIAN
MORGAN MARTHA
REGION CODE ADDRESS : 2885 NW SHENANDOAH TERRACE
01 CITY : PORTLAND
STATE/ZIP : OR 97210
MORTGAGE AMOUNT : 245,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,059.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,653.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 30.88050
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,345,200.00
P & I AMT: 9,403.17
UPB AMT: 1,338,956.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 452
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031553159 MORTGAGORS: BRYANT ROBERT
BRYANT MARILYN
REGION CODE ADDRESS : 25302 139TH PLACE SOUTHEAST
01 CITY : KENT
STATE/ZIP : WA 98042
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,801.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,802.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031553530 MORTGAGORS: EDGAR JOHN
EDGAR MARIA
REGION CODE ADDRESS : 5 POTOMAC OVERLOOK LANE
01 CITY : STAFFORD
STATE/ZIP : VA 22554
MORTGAGE AMOUNT : 255,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,985.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031553647 MORTGAGORS: JACKSON LARRY
JACKSON BRENDA
REGION CODE ADDRESS : 2513 PENINSULA DRIVE
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 274,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,523.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.23200
----------------------------------------------------------------
0 0031555014 MORTGAGORS: MCGREGOR GREGOR
MCGREGOR SHARON
REGION CODE ADDRESS : 70 WILLIAMS ROAD
01 CITY : CONCORD
STATE/ZIP : MA 01742
MORTGAGE AMOUNT : 303,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031555956 MORTGAGORS: KELLEY ROBERT
KELLEY JEANETTE
REGION CODE ADDRESS : 2603 FOUNTAIN BLVD
01 CITY : TAMPA
STATE/ZIP : FL 33609
MORTGAGE AMOUNT : 322,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,532.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.88300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,416,000.00
P & I AMT: 9,777.53
UPB AMT: 1,414,043.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 453
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031556194 MORTGAGORS: DUSTON ROBERT
DUSTON SHEILA
REGION CODE ADDRESS : 12201 LAKE JAMES DRIVE
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,799.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031556251 MORTGAGORS: HAWI AMALE
WALTER BRIAN
REGION CODE ADDRESS : 35 NEW STREET
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 245,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,430.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,780.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031556293 MORTGAGORS: BOHLINGER GEORGE
REGION CODE ADDRESS : 2553 WATERSIDE DRIVE, N W
01 CITY : WASHINGTON
STATE/ZIP : DC 20008
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,769.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,167.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.26436
----------------------------------------------------------------
0 0031557606 MORTGAGORS: HONG SUNG
HONG HYUN
REGION CODE ADDRESS : 20143 218TH AVENUE NORTHEAST
01 CITY : WOODINVILLE
STATE/ZIP : WA 98072
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,801.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.68100
----------------------------------------------------------------
0 0031558232 MORTGAGORS: RARING DAVID
REGION CODE ADDRESS : 11316 NE GREN FELS DR
01 CITY : BATTLE GROUND
STATE/ZIP : WA 98604
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,768.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,181.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.42800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,418,600.00
P & I AMT: 10,031.39
UPB AMT: 1,417,570.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 454
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031560303 MORTGAGORS: LY SING
LY ALISA
REGION CODE ADDRESS : 13609 CASCADIAN WAY
01 CITY : EVERETT
STATE/ZIP : WA 98208
MORTGAGE AMOUNT : 206,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 206,089.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,406.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031562416 MORTGAGORS: EZELL JEFFREY
EZELL CAMERON
REGION CODE ADDRESS : 1041 PARKINS MILL ROAD
01 CITY : GREENVILLE
STATE/ZIP : SC 29607
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,046.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031562911 MORTGAGORS: KAUFMAN KELLY
REGION CODE ADDRESS : 2842 NORTH 17TH DRIVE
01 CITY : PHOENIX
STATE/ZIP : AZ 85015
MORTGAGE AMOUNT : 93,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 93,477.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 638.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.97462
----------------------------------------------------------------
0 0070006580 MORTGAGORS: FOGELMAN LIONEL
FOGELMAN SYLVIA
REGION CODE ADDRESS : 1225 BEVERLY GREEN DRIVE
01 CITY : BEVERLY HIL
STATE/ZIP : CA 90212
MORTGAGE AMOUNT : 483,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 483,150.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,422.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.36000
----------------------------------------------------------------
0 0070010699 MORTGAGORS: SALVATORE LEONARD
VALENTINO SA TONI
REGION CODE ADDRESS : 39 TALL TULIP LANE
01 CITY : YONKERS
STATE/ZIP : NY 10710
MORTGAGE AMOUNT : 331,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,616.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.88235
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,375,550.00
P & I AMT: 9,865.68
UPB AMT: 1,374,762.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 455
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070015912 MORTGAGORS: WALSH JAMES
WALSH MICHELLE
REGION CODE ADDRESS : 25 SAN MARCOS RD
01 CITY : PASO ROBLES
STATE/ZIP : CA 93446
MORTGAGE AMOUNT : 114,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 113,641.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 912.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 001
LTV : 74.70588
----------------------------------------------------------------
0 0070017751 MORTGAGORS: HICKS MAUREEN
REGION CODE ADDRESS : 10899 GOLDENEYE AVENUE
01 CITY : FOUNTAIN VA
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,147.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,415.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 001
LTV : 80.00000
----------------------------------------------------------------
0 0070021571 MORTGAGORS: SINGH HARISH
PARMAR SARITA
REGION CODE ADDRESS : 8350 HAYFIELD CIRCLE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95828
MORTGAGE AMOUNT : 100,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 100,423.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 694.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 001
LTV : 77.30769
----------------------------------------------------------------
0 0070021753 MORTGAGORS: PEAK JAMES
PEAK PAIGE
REGION CODE ADDRESS : 3809 ENGLISH HORN COURT
01 CITY : RICHMOND
STATE/ZIP : VA 23233
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0070021829 MORTGAGORS: VINCENT RICHARD
VINCENT FRANCES
REGION CODE ADDRESS : MAHALA ROAD LONG ISLAND
01 CITY : MOULTONBORO
STATE/ZIP : NH 03254
MORTGAGE AMOUNT : 305,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,411.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,085.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.16732
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 986,450.00
P & I AMT: 6,966.78
UPB AMT: 984,624.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 456
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070022173 MORTGAGORS: CRONIN THOMAS
CRONIN TERESA
REGION CODE ADDRESS : 1187 ROCKHAVEN COURT
01 CITY : SALINAS
STATE/ZIP : CA 93906
MORTGAGE AMOUNT : 181,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 181,349.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,284.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/23
CURRENT INT RATE: 7.00000 PRODUCT CODE : 001
LTV : 86.57143
----------------------------------------------------------------
0 0070022181 MORTGAGORS: BRADWAY WILLIAM
RUBINO JANE
REGION CODE ADDRESS : 2108 WESLEY AVENUE
01 CITY : OCEAN CITY
STATE/ZIP : NJ 08226
MORTGAGE AMOUNT : 329,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,155.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,303.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.69128
----------------------------------------------------------------
0 0070025655 MORTGAGORS: BRETT ELIZABETH
BRETT JOHN
REGION CODE ADDRESS : 86 MARCOURT DRIVE
01 CITY : CHAPPAQUA
STATE/ZIP : NY 10514
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,719.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,643.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.93814
----------------------------------------------------------------
0 0070025663 MORTGAGORS: WELLER BURMA
REGION CODE ADDRESS : 3388 MATHIESON DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30305
MORTGAGE AMOUNT : 241,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,620.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.33181
----------------------------------------------------------------
0 0070025754 MORTGAGORS: THON RONALD
THON CAROL
REGION CODE ADDRESS : 19092 FOWLER AVENUE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 361,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,081.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,526.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.46094
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,492,350.00
P & I AMT: 10,448.47
UPB AMT: 1,490,927.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 457
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070026109 MORTGAGORS: WILDER PAUL
WILDER SHULAMIT
REGION CODE ADDRESS : 5651 RHODES AVENUE
01 CITY : VALLEY VILL
STATE/ZIP : CA 91607
MORTGAGE AMOUNT : 197,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 197,057.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,380.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 001
LTV : 62.69841
----------------------------------------------------------------
0 0070027594 MORTGAGORS: WERSKY LAWRENCE
WERSKY JANE
REGION CODE ADDRESS : 2616 EAST HEMPSTEAD CIRCLE
01 CITY : ANAHEIM
STATE/ZIP : CA 92806
MORTGAGE AMOUNT : 184,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 182,658.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,482.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 001
LTV : 76.66667
----------------------------------------------------------------
0 0070027891 MORTGAGORS: BARTA CHARLES
BARTA KATHLEEN
REGION CODE ADDRESS : 2024 SHIRE DRIVE
01 CITY : EL CAJON
STATE/ZIP : CA 92019
MORTGAGE AMOUNT : 200,921.64 OPTION TO CONVERT :
UNPAID BALANCE : 199,550.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,387.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 001
LTV : 75.81949
----------------------------------------------------------------
0 0070028345 MORTGAGORS: BUSH MIKE
BUSH MAURINA
REGION CODE ADDRESS : 2422 CHEYENNE ROAD
01 CITY : COPPEROPOLI
STATE/ZIP : CA 95228
MORTGAGE AMOUNT : 137,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 136,850.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 970.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 001
LTV : 85.92476
----------------------------------------------------------------
0 0070029400 MORTGAGORS: WONG TONY
REGION CODE ADDRESS : 46 SAINT CROIX
01 CITY : LAGUNA NIGU
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 208,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 208,280.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,459.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 001
LTV : 83.50000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 928,221.64
P & I AMT: 6,680.60
UPB AMT: 924,397.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 458
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070029509 MORTGAGORS: KIPPER TIMOTHY
KIPPER JULIE
REGION CODE ADDRESS : 641 EAST KENT AVENUE
01 CITY : CHANDLER
STATE/ZIP : AZ 85225
MORTGAGE AMOUNT : 85,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 85,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 583.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 001
LTV : 76.38393
----------------------------------------------------------------
0 0070029822 MORTGAGORS: WENZL FAY
REGION CODE ADDRESS : 5509 WEST AGATITE
01 CITY : CHICAGO
STATE/ZIP : IL 60630
MORTGAGE AMOUNT : 89,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 89,733.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 627.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 001
LTV : 66.51852
----------------------------------------------------------------
0 0070030143 MORTGAGORS: KENNEY CAROLE
REGION CODE ADDRESS : 4219 LUSK DRIVE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95864
MORTGAGE AMOUNT : 122,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 122,310.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 857.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 001
LTV : 78.90675
----------------------------------------------------------------
0 0070031034 MORTGAGORS: D'ALESSANDRO JOSEPH
D'ALESSANDRO KATHRYN
REGION CODE ADDRESS : 2609 NORTHEAST HAMBLET STR
01 CITY : PORTLAND
STATE/ZIP : OR 97212
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,455.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.58824
----------------------------------------------------------------
0 0070031315 MORTGAGORS: HARRIS DOUGLAS
HARRIS JUDY
REGION CODE ADDRESS : 8385 COOK RIOLO ROAD
01 CITY : ROSEVILLE
STATE/ZIP : CA 95678
MORTGAGE AMOUNT : 246,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,021.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.41176
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 904,250.00
P & I AMT: 6,267.85
UPB AMT: 903,615.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 459
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070031364 MORTGAGORS: ABEDI ARTAVAZ
ABEDI GOHARIK
REGION CODE ADDRESS : 1220 ALLEN AVENUE
01 CITY : GLENDALE
STATE/ZIP : CA 91203
MORTGAGE AMOUNT : 206,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 206,230.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,373.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070031695 MORTGAGORS: WATERFORD CHARLES
WATERFORD EDDIE
REGION CODE ADDRESS : 28414 WIMBELTON LANE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92026
MORTGAGE AMOUNT : 269,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,721.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.94286
----------------------------------------------------------------
0 0070033949 MORTGAGORS: PERFECTO CAROLUS
PERFECTO SUSAN
REGION CODE ADDRESS : 2393 LOMENT COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.44186
----------------------------------------------------------------
0 0070034095 MORTGAGORS: YUSTMAN NICOLE
YUSTMAN KENNETH
REGION CODE ADDRESS : 11 CECELIA LANE
01 CITY : PLEASANTVIL
STATE/ZIP : NY 10570
MORTGAGE AMOUNT : 364,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.12150
----------------------------------------------------------------
0 0070034624 MORTGAGORS: JOHNSTON TERRY
JOHNSTON BARBARA
REGION CODE ADDRESS : 235 THOMAS DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,522.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 55.46584
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,353,400.00
P & I AMT: 9,309.25
UPB AMT: 1,352,652.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 460
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070035225 MORTGAGORS: ZEPEDA FRANCISCO
ZEPEDA HENRIETTA
REGION CODE ADDRESS : 11015 YUKON AVENUE
01 CITY : INGLEWOOD
STATE/ZIP : CA 90303
MORTGAGE AMOUNT : 121,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 121,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 851.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 001
LTV : 87.00000
----------------------------------------------------------------
0 0070035803 MORTGAGORS: ROBERTS JR CHARLES
ROBERTS LINDA
REGION CODE ADDRESS : 15 GULL POINT RD
01 CITY : MONMOUTH BE
STATE/ZIP : NJ 07750
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0070036694 MORTGAGORS: SUNG STEPHEN
SUNG MARTINA
REGION CODE ADDRESS : 2904 EDGEWICK DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91206
MORTGAGE AMOUNT : 436,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,850.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,052.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.36364
----------------------------------------------------------------
0 0070037247 MORTGAGORS: TUNG FRANK
TUNG LINA
REGION CODE ADDRESS : 7100 CAMINO PEQUENO
01 CITY : RANCHO PALO
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 454,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,316.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,175.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.07438
----------------------------------------------------------------
0 0070037379 MORTGAGORS: MURPHY KEVIN
MURPHY TONYA
REGION CODE ADDRESS : 405 62ND STREET
01 CITY : NEWPORT BEA
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 219,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,037.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,387.39 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 001
LTV : 78.39286
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,532,000.00
P & I AMT: 10,538.96
UPB AMT: 1,525,003.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 461
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070039276 MORTGAGORS: LIPITZ HARLEY
LIPITZ SANDRA
REGION CODE ADDRESS : 4363 HERITAGE LANE
01 CITY : ROHNERT PAR
STATE/ZIP : CA 94928
MORTGAGE AMOUNT : 313,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,255.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,138.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 88.30986
----------------------------------------------------------------
0 0070039508 MORTGAGORS: PEREZ ALBERTO
PAREDES ANA
REGION CODE ADDRESS : 14271 SW 36TH STREET
01 CITY : MIAMI
STATE/ZIP : FL 33175
MORTGAGE AMOUNT : 233,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 83.32143
----------------------------------------------------------------
0 0070039615 MORTGAGORS: STRAND PAUL
REGION CODE ADDRESS : 323 BEAUMONT COURT
01 CITY : VISTA
STATE/ZIP : CA 92084
MORTGAGE AMOUNT : 222,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,647.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,555.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 001
LTV : 77.66143
----------------------------------------------------------------
0 0070040282 MORTGAGORS: KOLTUNIAK TOM
KOLTUNIAK CAROL
REGION CODE ADDRESS : 38365 CALLE DE LOBO
01 CITY : MURRIETA
STATE/ZIP : CA 92562
MORTGAGE AMOUNT : 231,332.26 OPTION TO CONVERT :
UNPAID BALANCE : 231,160.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,617.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.34977
----------------------------------------------------------------
0 0070041744 MORTGAGORS: NAM SANG
NAM CHANG
REGION CODE ADDRESS : 153 SOUTH LUCERNE BOULEVAR
01 CITY : LOS ANGELES
STATE/ZIP : CA 90004
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,653.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,149.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 53.96450
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,456,632.26
P & I AMT: 10,092.63
UPB AMT: 1,453,016.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 462
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070042148 MORTGAGORS: REINTS ROD
REINTS RHONDA
REGION CODE ADDRESS : 85 NORTH SABRA AVENUE
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,907.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,491.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.26606
----------------------------------------------------------------
0 0070042841 MORTGAGORS: THOMPSON TRUEMAN
THOMPSON JILL
REGION CODE ADDRESS : 250 OAK COURT
01 CITY : SEVERNA PAR
STATE/ZIP : MD 21146
MORTGAGE AMOUNT : 280,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,036.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,935.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 84.92424
----------------------------------------------------------------
0 0070043088 MORTGAGORS: SCHUTZ JOAN
REGION CODE ADDRESS : 11 LITTLE ARROW ROAD
01 CITY : SANTA FE
STATE/ZIP : NM 87505
MORTGAGE AMOUNT : 250,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,339.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,645.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 40.08800
----------------------------------------------------------------
0 0070043781 MORTGAGORS: FARR MAY
REGION CODE ADDRESS : 1931 N EUCLID AVE
01 CITY : UPLAND AREA
STATE/ZIP : CA 91786
MORTGAGE AMOUNT : 214,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,236.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,480.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 26.80000
----------------------------------------------------------------
0 0070043914 MORTGAGORS: DIOGUARDI MARK
REGION CODE ADDRESS : 2953 NORTH MANOR DRIVE WES
01 CITY : PHOENIX
STATE/ZIP : AZ 85014
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,261,200.00
P & I AMT: 8,626.26
UPB AMT: 1,259,292.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 463
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070044433 MORTGAGORS: ROSARIO WILLIAM
ROSARIO ELIZABETH
REGION CODE ADDRESS : 3453 GEORGETOWN PLACE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,807.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,810.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.69231
----------------------------------------------------------------
0 0070045158 MORTGAGORS: JOYCE SUSAN
REGION CODE ADDRESS : 87 CARNOUSTIE HEIGHTS
01 CITY : NOVATO
STATE/ZIP : CA 94949
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,677.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,928.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.51852
----------------------------------------------------------------
0 0070045570 MORTGAGORS: LOPICCOLO JR RUSSELL
LOPICCOLO FELICE
REGION CODE ADDRESS : 903 RIVERSIDE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,789.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.78947
----------------------------------------------------------------
0 0070047055 MORTGAGORS: MC GARRIGLE THOMAS
MC GARRIGLE ELLEN
REGION CODE ADDRESS : 1390 EAVES SPRING ROAD
01 CITY : MALVERN
STATE/ZIP : PA 19355
MORTGAGE AMOUNT : 503,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 503,516.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,480.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.18667
----------------------------------------------------------------
0 0070047840 MORTGAGORS: CHESLER ANDREW
CHESLER DEBORAH
REGION CODE ADDRESS : 13320 CANYON RIDGE LANE
01 CITY : GRANADA HIL
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 260,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,558.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.05 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,731,700.00
P & I AMT: 11,832.56
UPB AMT: 1,730,349.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 464
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070048301 MORTGAGORS: KELLY NANCI
REGION CODE ADDRESS : 11 BROOKSTREE
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,639.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,509.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 001
LTV : 76.39860
----------------------------------------------------------------
0 0070049234 MORTGAGORS: J JEMAL ABRAHAM
JEMAL LISA
REGION CODE ADDRESS : 1896 EAST 5TH STREET
01 CITY : BROOKLYN
STATE/ZIP : NY 11223
MORTGAGE AMOUNT : 498,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,031.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,274.46 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 53.59677
----------------------------------------------------------------
0 0070051610 MORTGAGORS: YOON SUNG SUP
YOON KIL JA
REGION CODE ADDRESS : 1704 OXBOW COURT
01 CITY : DIAMOND BAR
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 218,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,834.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,505.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.89831
----------------------------------------------------------------
0 0070053285 MORTGAGORS: FENSKE BRIAN
FENSKE CHERYL
REGION CODE ADDRESS : 4690 ROCKLEDGE ROAD
01 CITY : BILLINGS
STATE/ZIP : MT 59106
MORTGAGE AMOUNT : 358,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,626.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,478.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.24490
----------------------------------------------------------------
0 0070053814 MORTGAGORS: EARLE PETER
EARLE AUDREY
REGION CODE ADDRESS : 42 CRESCENT LANE
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 242,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,677.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.54739
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,536,700.00
P & I AMT: 10,445.39
UPB AMT: 1,534,981.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 465
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070054309 MORTGAGORS: POLUDNIAK STEPHEN
POLUDNIAK MONICA
REGION CODE ADDRESS : 6701 EAST SUNNYVALE ROAD
01 CITY : PARADISE VA
STATE/ZIP : AZ 85253
MORTGAGE AMOUNT : 254,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.50000
----------------------------------------------------------------
0 0070054515 MORTGAGORS: APLOKS BRUNO
ZACHAREWICZ DANA
REGION CODE ADDRESS : 4 FIELDWOOD ROAD
01 CITY : NEW HARTFOR
STATE/ZIP : NY 13413
MORTGAGE AMOUNT : 212,925.00 OPTION TO CONVERT :
UNPAID BALANCE : 212,129.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,682.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 001
LTV : 85.00000
----------------------------------------------------------------
0 0070056015 MORTGAGORS: BAER CHRISTOPHE
FEDDER LISA
REGION CODE ADDRESS : 311 SOUTH RIDGEWOOD RD
01 CITY : SOUTH ORANG
STATE/ZIP : NJ 07079
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,803.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070056361 MORTGAGORS: HERTZ JOSEF
HERTZ MINA
REGION CODE ADDRESS : 330 MAYFAIR DRIVE NORTH
01 CITY : BROOKLYN
STATE/ZIP : NY 11234
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,800.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 47.63636
----------------------------------------------------------------
0 0070056874 MORTGAGORS: JOHNSON ANTHONY
JOHNSON JANET
REGION CODE ADDRESS : 1100 MANDEVILLA WAY
01 CITY : CORONA
STATE/ZIP : CA 91719
MORTGAGE AMOUNT : 211,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,835.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,439.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.53435
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,192,325.00
P & I AMT: 8,408.03
UPB AMT: 1,190,969.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 466
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070056916 MORTGAGORS: VADNAIS LAURENCE
VADNAIS CAROL
REGION CODE ADDRESS : 1904 MANZANITA LANE
01 CITY : MANHATTAN B
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 316,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,602.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,161.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.17200
----------------------------------------------------------------
0 0070057070 MORTGAGORS: DALTON JOHN
REGION CODE ADDRESS : 109 LAVERNE AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 252,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,953.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,720.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.04167
----------------------------------------------------------------
0 0070057856 MORTGAGORS: TARR CYNTHIA
REGION CODE ADDRESS : 2277 HELIOS DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 212,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 212,296.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,451.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 001
LTV : 67.75478
----------------------------------------------------------------
0 0070058284 MORTGAGORS: KAHN DAVID
REGION CODE ADDRESS : 633 RED ROME LANE
01 CITY : BRENTWOOD
STATE/ZIP : CA 94513
MORTGAGE AMOUNT : 227,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,643.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,549.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 001
LTV : 78.32759
----------------------------------------------------------------
0 0070058425 MORTGAGORS: DESALVATORE MARK
DESALVATORE NANCY
REGION CODE ADDRESS : 111 DENURE COURT
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,818.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,529.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.91749
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,235,900.00
P & I AMT: 8,411.82
UPB AMT: 1,234,314.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 467
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070058961 MORTGAGORS: MARTIN HAROLD
MARTIN JANICE
REGION CODE ADDRESS : 41242 LEEWARD ROAD
01 CITY : SEA RANCH
STATE/ZIP : CA 95497
MORTGAGE AMOUNT : 275,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,096.70 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/18
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 66.44578
----------------------------------------------------------------
0 0070060736 MORTGAGORS: CIERVO JOHN
CIERVO PATRICIA
REGION CODE ADDRESS : 117 CHARLESTOWN HUNT DRIVE
01 CITY : PHOENIXVILL
STATE/ZIP : PA 19460
MORTGAGE AMOUNT : 287,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,275.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,961.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.33995
----------------------------------------------------------------
0 0070060785 MORTGAGORS: CALDWELL EDWARD
CALDWELL DEBORAH
REGION CODE ADDRESS : 1098 MAYFLOWER CT
01 CITY : MARTINSVILL
STATE/ZIP : NJ 08836
MORTGAGE AMOUNT : 374,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,747.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,674.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/23
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.54876
----------------------------------------------------------------
0 0070061759 MORTGAGORS: LIBUIT NOLI
LIBUIT CYNTHIA
REGION CODE ADDRESS : 26333 TAAFFE ROAD
01 CITY : LOS ALTOS H
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,537.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,613.11 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 57.89474
----------------------------------------------------------------
0 0070062120 MORTGAGORS: SCHORR HERBERT
SCHORR LENORE
REGION CODE ADDRESS : 137 TOPSAIL MALL
01 CITY : MARINA DEL
STATE/ZIP : CA 90292
MORTGAGE AMOUNT : 579,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 579,047.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,953.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.25000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,066,950.00
P & I AMT: 14,298.96
UPB AMT: 2,065,358.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 468
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070062385 MORTGAGORS: SHEPPARD FRE JENNIFER
FREITAG MICHAEL
REGION CODE ADDRESS : 240 COGNEWAUGH ROAD
01 CITY : COS COB
STATE/ZIP : CT 06807
MORTGAGE AMOUNT : 555,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 554,716.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,787.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.85433
----------------------------------------------------------------
0 0070062450 MORTGAGORS: BENJOAR JACQUES
LOCKHART KATHLEEN
REGION CODE ADDRESS : 16250 WHITEHAVEN ROAD
01 CITY : SILVER SPRI
STATE/ZIP : MD 20906
MORTGAGE AMOUNT : 325,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,582.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,167.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.47561
----------------------------------------------------------------
0 0070063490 MORTGAGORS: LEFFEL DAVID
REGION CODE ADDRESS : 142 OAKLAND AVENUE
01 CITY : EASTCHESTER
STATE/ZIP : NY 10709
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,776.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 001
LTV : 75.67568
----------------------------------------------------------------
0 0070064613 MORTGAGORS: CHITNIS GIRISH
CHITNIS POORNIMA
REGION CODE ADDRESS : 1811 MASTERS WAY
01 CITY : CHADDS FORD
STATE/ZIP : PA 19317
MORTGAGE AMOUNT : 344,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.63014
----------------------------------------------------------------
0 0070064894 MORTGAGORS: GOIS NICHOLAS
GOIS ELENI
REGION CODE ADDRESS : 885 ROBIN LANE
01 CITY : MILLBRAE
STATE/ZIP : CA 94030
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,569.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.36181
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,793,400.00
P & I AMT: 12,102.00
UPB AMT: 1,791,045.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 469
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070064928 MORTGAGORS: SHERIDAN BRUCE
SHERIDAN JAN
REGION CODE ADDRESS : 300 GENTLEWOODS DRIVE
01 CITY : CARY
STATE/ZIP : NC 27511
MORTGAGE AMOUNT : 256,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,584.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.99 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070065420 MORTGAGORS: LEVINSON IRWIN
LEVINSON DEDE
REGION CODE ADDRESS : 13653 RIVOLI DRIVE
01 CITY : PALM BEACH
STATE/ZIP : FL 33410
MORTGAGE AMOUNT : 112,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 112,050.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 754.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 001
LTV : 16.60000
----------------------------------------------------------------
0 0070065867 MORTGAGORS: BAILEY JAMES
BAILEY LINDA
REGION CODE ADDRESS : 22921 BRENFORD STREET
01 CITY : WOODLAND HI
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 288,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,501.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.83 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0070066394 MORTGAGORS: MCANDREW JAMES
MCANDREW SYLVIA
REGION CODE ADDRESS : 1219 LEXHAM DRIVE
01 CITY : MARIETTA
STATE/ZIP : GA 30068
MORTGAGE AMOUNT : 263,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,589.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.28141
----------------------------------------------------------------
0 0070066980 MORTGAGORS: WONG WILLIAM
WONG PAULINE
REGION CODE ADDRESS : 1627 FUNSTON AVENUE
01 CITY : SAN FRANCIS
STATE/ZIP : CA 94122
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,804.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 51.57895
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,166,400.00
P & I AMT: 7,742.60
UPB AMT: 1,165,528.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 470
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070067228 MORTGAGORS: HETLAND WILLIAM
HETLAND RENEE
REGION CODE ADDRESS : 10941 SW MATZEN DRIVE
01 CITY : WILSONVILLE
STATE/ZIP : OR 97070
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 88.27586
----------------------------------------------------------------
0 0070067244 MORTGAGORS: DAVENPORT HOWARD
REGION CODE ADDRESS : 2309 PARKSIDE DRIVE
01 CITY : MITCHELLVIL
STATE/ZIP : MD 20721
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,506.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070067913 MORTGAGORS: FITCH JOHN
FITCH JEANNIE
REGION CODE ADDRESS : 11 MIRA MONTE ROAD
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,750.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070067962 MORTGAGORS: AU MICHAEL
FONG AU JILL
REGION CODE ADDRESS : 41820 COVINGTON DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 295,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,263.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,990.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.67762
----------------------------------------------------------------
0 0070067996 MORTGAGORS: KINNEY CHARLES
KINNEY JACQUELINE
REGION CODE ADDRESS : 11916 NORTH 81ST STREET
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,760.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.17073
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,535,500.00
P & I AMT: 10,344.95
UPB AMT: 1,534,774.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 471
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070068572 MORTGAGORS: KWON STEVE
KWON ALICE
REGION CODE ADDRESS : 5842 SPRING SQUARE
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78247
MORTGAGE AMOUNT : 72,780.00 OPTION TO CONVERT :
UNPAID BALANCE : 71,321.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 490.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.73168
----------------------------------------------------------------
0 0070068630 MORTGAGORS: PARK GI
PARK SEAUL
REGION CODE ADDRESS : 18 AUTUMNWOOD LANE
01 CITY : MOUNT LAURE
STATE/ZIP : NJ 08054
MORTGAGE AMOUNT : 281,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.29577
----------------------------------------------------------------
0 0070069075 MORTGAGORS: REITAN TERRY
REITAN LINDA
REGION CODE ADDRESS : 22825 121ST STREET SOUTHEA
01 CITY : MONROE
STATE/ZIP : WA 98272
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,756.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/23
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 48.60000
----------------------------------------------------------------
0 0070069430 MORTGAGORS: HOFF KENNETH
REGION CODE ADDRESS : 5163 DON PIO DRIVE
01 CITY : (WOODLAND H
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,482.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.33333
----------------------------------------------------------------
0 0070069927 MORTGAGORS: OSTGARD GAYLE
REGION CODE ADDRESS : 14060 SW STEEPLECHASE COUR
01 CITY : BEAVERTON
STATE/ZIP : OR 97008
MORTGAGE AMOUNT : 326,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,288.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,200.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 82.67089
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,143,830.00
P & I AMT: 7,849.29
UPB AMT: 1,142,109.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 472
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070070008 MORTGAGORS: PRIMOFF RICHARD
PRIMOFF MADLYN
REGION CODE ADDRESS : 36 OLMSTEAD ROAD
01 CITY : SCARSDALE
STATE/ZIP : NY 10583
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,711.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,524.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 40.21739
----------------------------------------------------------------
0 0070070321 MORTGAGORS: FULLER MICHAEL
FULLER MERRILY
REGION CODE ADDRESS : 2446 POINCIANA COURT
01 CITY : WESTON
STATE/ZIP : FL 33327
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,788.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 50.09009
----------------------------------------------------------------
0 0070071121 MORTGAGORS: JORDAN VIRGIL
JORDAN CORA
REGION CODE ADDRESS : 2956 HATHAWAY ROAD 903
01 CITY : RICHMOND
STATE/ZIP : VA 23225
MORTGAGE AMOUNT : 78,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 78,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 532.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.24147
----------------------------------------------------------------
0 0070071279 MORTGAGORS: TAGLIABUE JEFFREY
TAGLIABUE MARIA
REGION CODE ADDRESS : 129 WOODLAND AVENUE
01 CITY : RIDGEWOOD
STATE/ZIP : NJ 07450
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,751.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,169.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.94737
----------------------------------------------------------------
0 0070072269 MORTGAGORS: MOORE DENIS
GARZA PAUL
REGION CODE ADDRESS : 617 RHODE ISLAND STREET
01 CITY : SAN FRANCIS
STATE/ZIP : CA 94107
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,785.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.66574
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,319,000.00
P & I AMT: 9,021.53
UPB AMT: 1,318,037.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 473
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070074752 MORTGAGORS: LAWTON JOSEPH
LAWTON MARY
REGION CODE ADDRESS : 2396 OLD RANCH ROAD
01 CITY : ESCONDIDO
STATE/ZIP : CA 92027
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070075049 MORTGAGORS: CULLUM JIMMY
CULLUM JANE
REGION CODE ADDRESS : 10914 FOX SPARROW COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22032
MORTGAGE AMOUNT : 179,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,209.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.07489
----------------------------------------------------------------
0 0070075064 MORTGAGORS: DINGWELL EVERETT
DINGWELL LENNY
REGION CODE ADDRESS : 5768 EAST LUCIA WALK
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,308.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,031.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.26087
----------------------------------------------------------------
0 0070075122 MORTGAGORS: SCHALL MICHAEL
SCHALL ANN
REGION CODE ADDRESS : 1544 SIOUX COURT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,625.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,274.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0070075148 MORTGAGORS: ESTECOC MARCO
ESTECOC BLANCA
REGION CODE ADDRESS : 2405 WEST LA VERNE AVENUE
01 CITY : SANTA ANA
STATE/ZIP : CA 92704
MORTGAGE AMOUNT : 169,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 168,864.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,138.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 88.48168
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,526,500.00
P & I AMT: 10,345.88
UPB AMT: 1,525,298.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 474
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070076005 MORTGAGORS: PASTRICK GAYLE
FERNANDEZ KIM
REGION CODE ADDRESS : 832 PALM AVENUE
01 CITY : WEST HOLLYW
STATE/ZIP : CA 90069
MORTGAGE AMOUNT : 180,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,591.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,243.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 85.76190
----------------------------------------------------------------
0 0070077979 MORTGAGORS: LAUTZENHISER ROBERT
LAUTZENHISER ROSAMOND
REGION CODE ADDRESS : 1515 COBBLESTONE WAY
01 CITY : ARROYO GRAN
STATE/ZIP : CA 93420
MORTGAGE AMOUNT : 246,706.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,518.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 29.02424
----------------------------------------------------------------
0 0070079090 MORTGAGORS: IDA WENDY
IDA ART
REGION CODE ADDRESS : 5420 WRENCH CT
01 CITY : LAKEWOOD
STATE/ZIP : CA 90712
MORTGAGE AMOUNT : 261,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,735.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 91.91228
----------------------------------------------------------------
0 0070080478 MORTGAGORS: BREYMAN ERIN
BREYMAN EUGENE
REGION CODE ADDRESS : 1925 EAST LYNN STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98112
MORTGAGE AMOUNT : 283,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,184.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.59459
----------------------------------------------------------------
0 0070080684 MORTGAGORS: KAUDERER EMILIO
KAUDERER WENDY
REGION CODE ADDRESS : 22300 QUINTA ROAD
01 CITY : WOODLAND HI
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 333,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,172.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,303.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 83.36250
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,305,606.00
P & I AMT: 8,951.04
UPB AMT: 1,303,202.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 475
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070081088 MORTGAGORS: REISS ROBERT
REISS PATRICE
REGION CODE ADDRESS : 912 11TH STREET
01 CITY : MANHATTAN B
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 522,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 521,702.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,606.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 43.50833
----------------------------------------------------------------
0 0070081195 MORTGAGORS: MASON RAY
MASON KAROL
REGION CODE ADDRESS : 1130 VOLTAIRE
01 CITY : LAKE ARROWH
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 243,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,600.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 84.06897
----------------------------------------------------------------
0 0070081229 MORTGAGORS: OLMSTEAD GENE
REGION CODE ADDRESS : 11491 AMBERRIDGE CT
01 CITY : MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,779.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.68502
----------------------------------------------------------------
0 0070081393 MORTGAGORS: WILLIAMS DENNIS
REGION CODE ADDRESS : 401 OAKWOOD STREET
01 CITY : BENNETTSVIL
STATE/ZIP : SC 29512
MORTGAGE AMOUNT : 31,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 31,125.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 212.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 001
LTV : 51.91667
----------------------------------------------------------------
0 0070082169 MORTGAGORS: CARTER KATHIE
CARTER DONALD
REGION CODE ADDRESS : 1820 UPPER JAMES COURT
01 CITY : VIRGINIA BE
STATE/ZIP : VA 23454
MORTGAGE AMOUNT : 562,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 562,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,443.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 47.84681
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,649,250.00
P & I AMT: 11,886.97
UPB AMT: 1,648,407.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 476
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070082839 MORTGAGORS: PFLUEGER MICHAEL
YUNGEWAELTER SANDRA
REGION CODE ADDRESS : 7470 EAST BAJADA ROAD
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.97403
----------------------------------------------------------------
0 0070083209 MORTGAGORS: VOLPE RAYMOND
VOLPE JENNIFER
REGION CODE ADDRESS : 355 OLD TAPPAN ROAD
01 CITY : OLD TAPPAN
STATE/ZIP : NJ 07675
MORTGAGE AMOUNT : 252,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 49.45098
----------------------------------------------------------------
0 0070083621 MORTGAGORS: TODESCHINI ROBERT
TODESCHINI SHARON
REGION CODE ADDRESS : 989 CABERNET COURT
01 CITY : MURPHYS
STATE/ZIP : CA 95247
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,740.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,952.28 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 66.15385
----------------------------------------------------------------
0 0070084264 MORTGAGORS: PARK JONG
PARK SHANNON
REGION CODE ADDRESS : 25597 SALERNO WAY
01 CITY : YORBA LINDA
STATE/ZIP : CA 92687
MORTGAGE AMOUNT : 219,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,728.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,500.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.15789
----------------------------------------------------------------
0 0070084827 MORTGAGORS: LOHN PATRICK
LOHN MARITZA
REGION CODE ADDRESS : 68 VILLAGE ROAD
01 CITY : PEQUANNOCK
STATE/ZIP : NJ 07444
MORTGAGE AMOUNT : 127,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 126,963.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,005.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 001
LTV : 79.25234
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,192,800.00
P & I AMT: 8,191.80
UPB AMT: 1,192,132.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 477
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070085402 MORTGAGORS: SOKOLIC LARRY
PUJALS DAISY
REGION CODE ADDRESS : 4 FAAS COURT
01 CITY : WEST ORANGE
STATE/ZIP : NJ 07052
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.61194
----------------------------------------------------------------
0 0070085758 MORTGAGORS: TOOLE LAWRENCE
TOOLE PATRICIA
REGION CODE ADDRESS : 15 BELLEVALE ST
01 CITY : MONROE
STATE/ZIP : CT 06468
MORTGAGE AMOUNT : 254,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,046.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0070085873 MORTGAGORS: GIOVENCO ROSANNE
NORRIS SCOTT
REGION CODE ADDRESS : 850 MEADOW RIDGE DRIVE
01 CITY : WEST CHICAG
STATE/ZIP : IL 60185
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,810.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,478.09 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 76.79181
----------------------------------------------------------------
0 0070086004 MORTGAGORS: CURRY DONALD
REGION CODE ADDRESS : 757 KIMBALL AVE.
01 CITY : WESTFIELD
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,725.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,587.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.00000
----------------------------------------------------------------
0 0070086418 MORTGAGORS: GREENWOOD JOHN
GREENWOOD KAREN
REGION CODE ADDRESS : 5117 EAST STACEY LEE LANE
01 CITY : ORANGE
STATE/ZIP : CA 92667
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,379,250.00
P & I AMT: 9,461.75
UPB AMT: 1,378,583.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 478
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070086558 MORTGAGORS: TATOSIAN SARKIS
TATOSIAN MAUREEN
REGION CODE ADDRESS : 700 LINDEN AVENUE
01 CITY : WILMETTE
STATE/ZIP : IL 60091
MORTGAGE AMOUNT : 399,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,270.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,688.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.23529
----------------------------------------------------------------
0 0070087846 MORTGAGORS: FREITAS JOHN
FREITAS KERRY
REGION CODE ADDRESS : 9705 ROYSTON COURT
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,542.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.50794
----------------------------------------------------------------
0 0070089073 MORTGAGORS: DANG LAM
DANG VAN
REGION CODE ADDRESS : 13125 BACH WAY
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 323,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,103.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,233.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.29348
----------------------------------------------------------------
0 0070094693 MORTGAGORS: STORBECK CHRIS
STORBECK JANET
REGION CODE ADDRESS : 213 PALISADES
01 CITY : PEACHTREE C
STATE/ZIP : GA 30269
MORTGAGE AMOUNT : 309,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.80126
----------------------------------------------------------------
0 0070094800 MORTGAGORS: MILLER CHRISTOPHE
MILLER SUZANNE
REGION CODE ADDRESS : 1515 SAN RAMON WAY
01 CITY : SANTA ROSA
STATE/ZIP : CA 95409
MORTGAGE AMOUNT : 250,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,750.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.54286
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,523,500.00
P & I AMT: 10,476.17
UPB AMT: 1,521,066.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 479
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070095054 MORTGAGORS: WOERPEL RICHARD
WOERPEL LYNN
REGION CODE ADDRESS : 242 VALLEY GATE ROAD
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,659.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,250.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.30769
----------------------------------------------------------------
0 0070095419 MORTGAGORS: CAMERINO ANGELITO
CAMERINO LAARNI
REGION CODE ADDRESS : 516 SEASTORM DRIVE
01 CITY : REDWOOD CIT
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 259,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,840.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,770.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.08235
----------------------------------------------------------------
0 0070096961 MORTGAGORS: SCHAEDE DAVID
SCHAEDE CATHLEEN
REGION CODE ADDRESS : 1519 WEST BERTEAU AVENUE
01 CITY : CHICAGO
STATE/ZIP : IL 60613
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,733.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,243.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.28571
----------------------------------------------------------------
0 0070097084 MORTGAGORS: MCCORKLE PATRICK
MCCORKLE STEPHANIE
REGION CODE ADDRESS : 5026 BRYANT ROAD
01 CITY : SHINGLE SPR
STATE/ZIP : CA 95682
MORTGAGE AMOUNT : 313,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,163.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.10870
----------------------------------------------------------------
0 0070097548 MORTGAGORS: BAGHDIKIAN BAGHDASSAR
BAGHDIKIAN CYNTHIA
REGION CODE ADDRESS : 268 BEACH DRIVE
01 CITY : SOUTH LAKE
STATE/ZIP : CA 96150
MORTGAGE AMOUNT : 559,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,174.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,865.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.63158
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,747,500.00
P & I AMT: 12,293.59
UPB AMT: 1,741,707.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 480
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070097894 MORTGAGORS: WELLS ALAN
WELLS DELLA
REGION CODE ADDRESS : 9 DUNDERBERG ROAD
01 CITY : TOMKINS COV
STATE/ZIP : NY 10986
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.64935
----------------------------------------------------------------
0 0070098520 MORTGAGORS: BROWN KATHRYN
REGION CODE ADDRESS : 467 BOSTON STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98109
MORTGAGE AMOUNT : 278,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,088.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.21333
----------------------------------------------------------------
0 0070098777 MORTGAGORS: SMALL DAVID
RAINES SMALL LINDA
REGION CODE ADDRESS : 37236 LAZY BURRO ROAD
01 CITY : CAREFREE
STATE/ZIP : AZ 85377
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,986.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,243.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.00000
----------------------------------------------------------------
0 0070103379 MORTGAGORS: TIBURCIO GREGORIO
AMBROCIO ELERINA
REGION CODE ADDRESS : 12279 MABEL COURT
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 323,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,656.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.76000
----------------------------------------------------------------
0 0070104591 MORTGAGORS: MULETA JOHN
MULETA CAROL
REGION CODE ADDRESS : 2120 NORTH TROY STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22201
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,792.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.88889
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,487,100.00
P & I AMT: 10,266.13
UPB AMT: 1,485,523.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 481
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070104617 MORTGAGORS: SAMUELS ARTHUR
SAMUELS IRENE
REGION CODE ADDRESS : 4 SAN RAMON
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 254,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,734.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,778.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.60000
----------------------------------------------------------------
0 0070104740 MORTGAGORS: SCHLOTTERBAC WILLIAM
SCHLOTTERBAC ROBIN
REGION CODE ADDRESS : 155 STONEGATE DRIVE
01 CITY : LANDENBERG
STATE/ZIP : PA 19350
MORTGAGE AMOUNT : 230,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,350.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,610.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.37729
----------------------------------------------------------------
0 0070106059 MORTGAGORS: GRIFFIN LARTIM
REGION CODE ADDRESS : 1700 WOOD SHADOWS
01 CITY : HARKER HEIG
STATE/ZIP : TX 76543
MORTGAGE AMOUNT : 57,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 57,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 450.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.45723
----------------------------------------------------------------
0 0070106653 MORTGAGORS: RAPHAEL RODNEY
REGION CODE ADDRESS : 200 HARBOR DRIVE 1501
01 CITY : SAN DIEGO
STATE/ZIP : CA 92101
MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,363.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.11111
----------------------------------------------------------------
0 0070110192 MORTGAGORS: MCDEVITT PATRICK
MCDEVITT LORELEI
REGION CODE ADDRESS : 766 ALMAR AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 458,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 458,161.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,209.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.74306
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,338,700.00
P & I AMT: 9,412.34
UPB AMT: 1,335,246.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 482
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070110630 MORTGAGORS: MCKENZIE RICARDO
REGION CODE ADDRESS : 29306 ALFIERI STREET
01 CITY : LAGUNA NIGU
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 373,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,576.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.70833
----------------------------------------------------------------
0 0070110820 MORTGAGORS: WILLIS CHARLES
WILLIS KATHLEEN
REGION CODE ADDRESS : 15809 NE BOUTELLE ROAD
01 CITY : BATTLE GROU
STATE/ZIP : WA 98604
MORTGAGE AMOUNT : 160,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 160,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,105.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070112594 MORTGAGORS: HARTSELL MARK
HARTSELL THERESA
REGION CODE ADDRESS : 25 VERSAILLES
01 CITY : NEWPORT BEA
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 367,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,077.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,568.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.33684
----------------------------------------------------------------
0 0070115514 MORTGAGORS: SINGER STACEY
REGION CODE ADDRESS : 6 CARMEL WAY
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 259,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,728.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 34.41722
----------------------------------------------------------------
0 0070115928 MORTGAGORS: LUCIO RONALD
LUCIO MARTHA
REGION CODE ADDRESS : 2310 BURNING TREE DRIVE
01 CITY : CORONA
STATE/ZIP : CA 91720
MORTGAGE AMOUNT : 167,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 167,172.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,155.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.45370
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,327,500.00
P & I AMT: 9,134.15
UPB AMT: 1,327,100.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 483
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070116405 MORTGAGORS: GROME THOMAS
GROME WENDY
REGION CODE ADDRESS : 5103 CLAYBANK LANE
01 CITY : CENTREVILLE
STATE/ZIP : VA 22020
MORTGAGE AMOUNT : 246,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,680.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.47719
----------------------------------------------------------------
0 0070117221 MORTGAGORS: RUTBERG MICHAEL
RUTBERG DARLENE
REGION CODE ADDRESS : 3136 HEMSTEAD COURT
01 CITY : WEST COVINA
STATE/ZIP : CA 91791
MORTGAGE AMOUNT : 245,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,117.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,715.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.10127
----------------------------------------------------------------
0 0070117536 MORTGAGORS: FREND JEREMY
FREND SUSAN
REGION CODE ADDRESS : 5829 RHODES AVENUE
01 CITY : NORTH HOLLY
STATE/ZIP : CA 91607
MORTGAGE AMOUNT : 243,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,019.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,700.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.20635
----------------------------------------------------------------
0 0070120696 MORTGAGORS: HERRERA FRANK
HERRERA LINDA
REGION CODE ADDRESS : 4973 MONACO DRIVE
01 CITY : Pleasanton
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,720.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 63.64000
----------------------------------------------------------------
0 0070120795 MORTGAGORS: NOWYHED SAADE
NOWYHED YASMIN
REGION CODE ADDRESS : 41406 MISSION DRIVE
01 CITY : PALMDALE
STATE/ZIP : CA 93551
MORTGAGE AMOUNT : 464,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,878.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,127.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.53906
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,549,050.00
P & I AMT: 10,581.61
UPB AMT: 1,548,036.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 484
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070122031 MORTGAGORS: DELUCA RICHARD
DELUCA BEVERLY
REGION CODE ADDRESS : 49 SKYVIEW LANE
01 CITY : NEW CANAAN
STATE/ZIP : CT 06840
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,719.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/23
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.56140
----------------------------------------------------------------
0 0070123344 MORTGAGORS: MCKENZIE DONA
HUBBELL NICHOLAS
REGION CODE ADDRESS : 5 IRIS LANE
01 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,377.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.10309
----------------------------------------------------------------
0 0070125919 MORTGAGORS: DRUMMOND WYLIE
DRUMMOND CATHERINE
REGION CODE ADDRESS : 3631 LOWRY ROAD
01 CITY : Los Angeles
STATE/ZIP : CA 90027
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,652.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,397.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070126982 MORTGAGORS: DISTEFANO DON
DISTEFANO NANCY
REGION CODE ADDRESS : 54 TIDE COURT
01 CITY : OAKDALE
STATE/ZIP : NY 11769
MORTGAGE AMOUNT : 261,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.71014
----------------------------------------------------------------
0 0070129267 MORTGAGORS: RUTH JOSEF
RUTH SUSAN
REGION CODE ADDRESS : 4632 WINDOM PLACE N W
01 CITY : WASHINGTON
STATE/ZIP : DC 20016
MORTGAGE AMOUNT : 233,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,614.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.27586
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,682,950.00
P & I AMT: 11,935.03
UPB AMT: 1,682,602.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 485
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070130422 MORTGAGORS: COTTAM CHARLENE
REGION CODE ADDRESS : 903 REDBIRD DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,832.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070138185 MORTGAGORS: TEXEIRA STEVE
TEXEIRA KAREN
REGION CODE ADDRESS : 321 IRON HORSE COURT
01 CITY : ALAMO
STATE/ZIP : CA 94595
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,737.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,665.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 34.29000
----------------------------------------------------------------
0 0070152665 MORTGAGORS: RATSULA JUSSI
RATSULA SARI
REGION CODE ADDRESS : 12902 VILLA ROSE DRIVE
01 CITY : Santa Ana
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 435,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,426.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,046.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0070157391 MORTGAGORS: GARRABRANT SUSAN
DIAZ DAVID
REGION CODE ADDRESS : 2816 CHRONICLE AVENUE
01 CITY : Hayward
STATE/ZIP : CA 94542
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.92000
----------------------------------------------------------------
0 0070157581 MORTGAGORS: BOOKHAMER BRET
BOOKHAMER LEAH
REGION CODE ADDRESS : 20834 ELFIN FOREST RD
01 CITY : Escondido
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 242,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,929.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.16000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,581,850.00
P & I AMT: 11,211.77
UPB AMT: 1,580,708.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 486
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070159520 MORTGAGORS: SPRINGER DANIEL
SPRINGER VIVIAN
REGION CODE ADDRESS : 3790 RIVERS EDGE DRIVE
01 CITY : Lake Oswego
STATE/ZIP : OR 97034
MORTGAGE AMOUNT : 250,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,059.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,728.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0070159603 MORTGAGORS: ALLISON TED
ALLISON KELLEY
REGION CODE ADDRESS : 5067 YELLOWSTONE PARK DRIVE
01 CITY : Fremont
STATE/ZIP : CA 94538
MORTGAGE AMOUNT : 214,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,462.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070161328 MORTGAGORS: COLEHOUSE STEPHEN
COLEHOUSE VALERIE
REGION CODE ADDRESS : 1207 SUNRISE BEACH ROAD
01 CITY : Crownsville
STATE/ZIP : MD 21032
MORTGAGE AMOUNT : 227,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,335.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,610.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.79000
----------------------------------------------------------------
0 0070161542 MORTGAGORS: MOULTON LEE
MOULTON ELEANOR
REGION CODE ADDRESS : 5081 KEANE DRIVE
01 CITY : Carmichael
STATE/ZIP : CA 95608
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,590.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.95000
----------------------------------------------------------------
0 0070166673 MORTGAGORS: BUNDY STEVEN
BUNDY CHERYL
REGION CODE ADDRESS : 3141 WISECARVER LANE
01 CITY : Jamul
STATE/ZIP : CA 91935
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.41000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,324,150.00
P & I AMT: 9,210.29
UPB AMT: 1,323,794.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 487
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070169511 MORTGAGORS: COLLINS MICHAEL
C.COLLINS JEANNETTE
REGION CODE ADDRESS : 613 BURNEY CREEK PLACE
01 CITY : San Ramon
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,996.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.05000
----------------------------------------------------------------
0 0070171863 MORTGAGORS: BARTO RICHARD
MCKELLAR KATHRYN
REGION CODE ADDRESS : 10670 LA RODA DRIVE
01 CITY : Cupertino
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,396.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.60000
----------------------------------------------------------------
0 0070173620 MORTGAGORS: BENJAMIN MARK
BENJAMIN VANORA
REGION CODE ADDRESS : 4819 KNOX GATE CT.
01 CITY : Pleasanton
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 270,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,842.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.00000
----------------------------------------------------------------
0 0070174776 MORTGAGORS: WHISTLER ROBERT
WHISTLER RUTH
REGION CODE ADDRESS : 1235 SHERRY COURT
01 CITY : San Leandro
STATE/ZIP : CA 94577
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,555.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070174818 MORTGAGORS: KAUFMAN RON
KAUFMAN SANDRA
REGION CODE ADDRESS : 2072 BORDEAUX LANE
01 CITY : Half Moon Bay
STATE/ZIP : CA 94019
MORTGAGE AMOUNT : 263,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.41000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,397,850.00
P & I AMT: 9,657.42
UPB AMT: 1,397,850.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 488
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070174826 MORTGAGORS: REID KERRY
REID CRISTI
REGION CODE ADDRESS : 21232 LONGRIDGE DRIVE
01 CITY : Trabuco Canyon
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 266,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.49000
----------------------------------------------------------------
0 0070174859 MORTGAGORS: WEST DAVID
WEST KATHLYN
REGION CODE ADDRESS : 937 E NEWTON LANE
01 CITY : Placentia
STATE/ZIP : CA 00000
MORTGAGE AMOUNT : 245,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.26000
----------------------------------------------------------------
0 0070174909 MORTGAGORS: LAVALLEY PAUL
LAVALLEY CELESTE
REGION CODE ADDRESS : 16134 GREENWOOD RD
01 CITY : Monte Sereno
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 495,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,424.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 54.49000
----------------------------------------------------------------
0 0070174917 MORTGAGORS: SHIFFMAN SCOTT
SHIFFMAN KIM
REGION CODE ADDRESS : 11 SKYCREST
01 CITY : Mission Viejo
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 284,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.11000
----------------------------------------------------------------
0 0070175500 MORTGAGORS: RHOADS STEVEN
RHOADS NANCY
REGION CODE ADDRESS : 2793 MIRA BELLA CIRCLE
01 CITY : Morgan Hill
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,820.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 58.35000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,540,850.00
P & I AMT: 10,773.87
UPB AMT: 1,540,670.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 489
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070175971 MORTGAGORS: LEE JONATHAN
LEE SARAH
REGION CODE ADDRESS : 38464 CROSSPOINTE COMMON
01 CITY : Fremont
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.58000
----------------------------------------------------------------
0 0070176110 MORTGAGORS: MALONE ALEXIS
REGION CODE ADDRESS : 960 PLAZA DRIVE
01 CITY : San Jose
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 53.28000
----------------------------------------------------------------
0 0070180732 MORTGAGORS: KENNY GERARD
REGION CODE ADDRESS : 1190 TEMPLE TERRACE
01 CITY : Laguna Beach
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 500,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,459.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.56000
----------------------------------------------------------------
0 0070180971 MORTGAGORS: MICHIELS ROBRECHT
MICHIELS MARIA
REGION CODE ADDRESS : 25782 CARLSON COURT
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 410,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.51000
----------------------------------------------------------------
0 0070181599 MORTGAGORS: MIS MICHAEL
MIS LISA
REGION CODE ADDRESS : 43 TRAILWOOD
01 CITY : Irvine
STATE/ZIP : CA 92714
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,734.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,236.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.05000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,855,950.00
P & I AMT: 12,793.34
UPB AMT: 1,855,684.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004980930 00 01
PAGE: 490
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070182076 MORTGAGORS: CHOW DANIEL
CHOW PRISCILLA
REGION CODE ADDRESS : 26862 OAK HOLLOW ROAD
01 CITY : Laguna Hills
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 399,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,638.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0070187646 MORTGAGORS: RUSSO RONALD
REGION CODE ADDRESS : 24663 LAS PATRANAS
01 CITY : Yorba Linda
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 258,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,721.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 63.12000
----------------------------------------------------------------
0 0070204649 MORTGAGORS: TOWNLEY NEIL
TOWNLEY DIANA
REGION CODE ADDRESS : 560 THORNLEY WAY
01 CITY : Sacramento
STATE/ZIP : CA 95864
MORTGAGE AMOUNT : 241,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070212048 MORTGAGORS: CHAN TIN
CHAN CHRISTINE
REGION CODE ADDRESS : 11510 VILLAGE RIDGE ROAD
01 CITY : San Diego
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 250,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,644.95 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0859411811 MORTGAGORS: GREENE JOHN
GREENE SUSAN
REGION CODE ADDRESS : 16638 CLOVERMEAD STREET
00 CITY : COVINA
STATE/ZIP : CA 91722
MORTGAGE AMOUNT : 143,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 133,482.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,122.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/20
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,294,300.00
P & I AMT: 8,844.86
UPB AMT: 1,283,920.51
0 TOTAL NUM OF LOANS: 2450
LOAN AMT: 752,642,293.23
P & I AMT: 5,224,332.27
UPB AMT: 751,628,249.39
<PAGE>
EXHIBIT D
FORM OF SERVICER'S CERTIFICATE
_________________, ________
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1998-9
Pursuant to the Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement") between GE Capital Mortgage
Services, Inc. (the "Company"), and State Street Bank and Trust
Company (the "Trustee"), governing the Certificates referred to
above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the
Determination Date for this month:
A. Mortgage Loan Information:
(1) Aggregate Scheduled Monthly Payments:
(a) Principal $________
(b) Interest $________
(c) Total $________
(2) Aggregate Monthly Payments received and
Monthly Advances made this Month:
(a) Principal $________
(b) Interest $________
(c) Total $________
(3) Aggregate Principal Prepayments in part
received and applied in the applicable
Prepayment Period:
(a) Principal $________
(b) Interest $________
(c) Total $________
(4) Aggregate Principal Prepayments in full
received in the applicable Prepayment
Period:
(a) Principal $________
(b) Interest $________
(c) Total $________
<PAGE>
(5) Aggregate Insurance Proceeds (including
purchases of Mortgage Loans by primary
mortgage insurers) for prior month:
(a) Principal $________
(b) Interest $________
(c) Total $________
(6) Aggregate Liquidation Proceeds for prior
month:
(a) Principal $________
(b) Interest $________
(c) Total $________
(7) Aggregate Purchase Prices for Defaulted and
Modified Mortgage Loans:
(a) Principal $________
(b) Interest $________
(c) Total $________
(8) Aggregate Purchase Prices (and substitution
adjustments) for Defective Mortgage Loans:
(a) Principal $________
(b) Interest $________
(c) Total $________
(9) Pool Scheduled Principal Balance: $________
(10) Available Funds: $________
(11) Realized Losses for prior month: $________
(12) Aggregate Realized Losses and
Debt Service Reductions:
(a) Deficient Valuations $________
(b) Special Hazard Losses $________
(c) Fraud Losses $________
(d) Excess Bankruptcy Losses $________
(e) Excess Special Hazard Losses $________
(f) Excess Fraud Losses $________
(g) Debt Service Reductions $________
(13) Compensating Interest Payment: $________
<PAGE>
(14) Accrued Certificate Interest, Unpaid Class
Interest Shortfalls and Pay-out Rate:
Class A1 $__________ $__________ ____%
Class A2 $__________ $__________ ____%
Class A3 $__________ $__________ ____%
Class A5 $__________ $__________ ____%
Class A6 $__________ $__________ ____%
Class A7 $__________ $__________ ____%
Class A8 $__________ $__________ ____%
Class A9 $__________ $__________ ____%
Class A10 $__________ $__________ ____%
Class A11 $__________ $__________ ____%
Class A12 $__________ $__________ ____%
Class A13 $__________ $__________ ____%
Class A14 $__________ $__________ ____%
Class A15 $__________ $__________ ____%
Class A16 $__________ $__________ ____%
Class A17 $__________ $__________ ____%
Class A18 $__________ $__________ ____%
Class A19 $__________ $__________ ____%
Class M $__________ $__________ ____%
Class B1 $__________ $__________ ____%
Class B2 $__________ $__________ ____%
Class B3 $__________ $__________ ____%
Class B4 $__________ $__________ ____%
Class B5 $__________ $__________ ____%
Class R $__________ $__________ ____%
Class RL $__________ $__________ ____%
(15) Accrual Amount:
Class A5 $__________
(16) Principal distributable:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class A8 $__________
Class A10 $__________
<PAGE>
Class A11 $__________
Class A12 $__________
Class A13 $__________
Class A14 $__________
Class A15 $__________
Class A16 $__________
Class A17 $__________
Class A18 $__________
Class A19 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
Class RL $__________
(17) Additional distributions to the Class R
Certificate pursuant to Sections 2.05(c)
and 4.01(b): $_____________
(18) Distributions Allocable to Unanticipated
Recoveries:
Class A1 __________
Class A2 __________
Class A3 __________
Class A4 __________
Class A5 __________
Class A6 __________
Class A7 __________
Class A8 __________
Class A10 __________
Class A11 __________
Class A12 __________
Class A13 __________
Class A14 __________
Class A15 __________
Class A16 __________
Class A17 __________
Class A18 __________
Class A19 __________
<PAGE>
Class PO __________
Class M __________
Class B1 __________
Class B2 __________
Class B3 __________
Class B4 __________
Class B5 __________
Class R __________
Class RL __________
B. Other Amounts:
1. Senior Percentage for such Distribution
Date: _____________%
2. Senior Prepayment Percentage for such
Distribution Date: _____________%
3. Junior Percentage for such Distribution
Date: _____________%
4. Junior Prepayment Percentage for such
Distribution Date: _____________%
5. Class A13 Percentage: _____________%
6. Category B Group II Percentage: _____________%
7. Class A13 Scheduled Distribution
Percentage: _____________%
8. Category B Group II Scheduled Distribution
Percentage: _____________%
9. Subordinate Certificate Writedown Amount
for such Distribution Date: $_____________
10. Prepayment Distribution
Triggers satisfied: Yes No
Class B1 _____ _____
Class B2 _____ _____
Class B3 _____ _____
Class B4 _____ _____
Class B5 _____ _____
<PAGE>
11. Base Servicing Fee: $___________
12. Supplemental Servicing Fee: $___________
Capitalized terms used in this Certificate shall have the same
meanings as in the Agreement.
<PAGE>
EXHIBIT E
FORM OF TRANSFER CERTIFICATE AS TO ERISA MATTERS FOR
DEFINITIVE ERISA-RESTRICTED CERTIFICATES
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
Boston, Massachusetts 02110
[NAME OF OFFICER] ______________________ hereby certifies that:
1. That he [she] is [title of officer]_____________________
of [name of Investor]__________________ (the "Investor"), a
________________________________ [description of type of entity]
duly organized and existing under the laws of the [State of
____________] [United States], on behalf of which he [she] makes
this affidavit.
2. The Investor (i) is not, and on ________________ [insert
date of transfer of Certificate to Investor] will not be, and on
such date will not be investing the funds of, an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Code or (ii) is an insurance company investing assets of its
general account and the exemptions provided by Section III(a) of
Department of Labor Prohibited Transaction Class Exemption 95-60,
60 Fed. Reg. 35925 (July 12, 1995) (the "Exemptions") apply to
the Investor's acquisition and holding or any ERISA-Restricted
Certificate.
3. The Investor hereby acknowledges that under the terms of
the Pooling and Servicing Agreement (the "Agreement") between
State Street Bank and Trust Company, as Trustee and GE Capital
Mortgage Services, Inc., dated as of May 1, 1998, no transfer of
any ERISA-Restricted Certificate shall be permitted to be made to
any person unless the Trustee has received (i) a certificate from
such transferee to the effect that (x) such transferee is not an
employee benefit plan subject to ERISA or a plan subject to
Section 4975 of the Code (a "Plan") and is not using the assets
of any such employee benefit or other plan to acquire any such
Certificate or (y) such transferee is an insurance company
investing assets of its general account and the Exemptions apply
to such transferee's acquisition and holding of any such
Certificate or (ii) an opinion of counsel satisfactory to the
Trustee to the effect that the purchase and holding of any such
Certificate will not constitute or result in the assets of the
Trust Fund created by the Agreement being deemed to be "plan
assets" and subject to the prohibited transaction provisions of
ERISA or Section 4975 of the Code and will not subject the
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement (provided, however, that the Trustee
will not
<PAGE>
require such certificate or opinion in the event that, as a
result of change of law or otherwise, counsel satisfactory to the
Trustee has rendered an opinion to the effect that the purchase
and holding of any such Certificate by a Plan or a Person that is
purchasing or holding any such Certificate with the assets of a
Plan will not constitute or result in a prohibited transaction
under ERISA or Section 4975 of the Code).
[4. The ERISA-Restricted Certificates shall be registered
in the name of ______________________________________________ as
nominee for the Investor.] IN WITNESS WHEREOF, the Investor has
caused this instrument to be executed on its behalf, pursuant to
authority of its Board of Directors, by its [title of officer]
__________________ and its corporate seal to be hereunder
attached, attested by its [Assistant] Secretary, this ____ day of
_________, 199_.
__________________________________
[name of Investor]
By:_______________________________
Name:
Title:
The undersigned hereby
acknowledges that it is holding and
will hold the ERISA-Restricted
Certificates at the exclusive
direction of and as nominee of
the Investor named above.
_______________________________
[name of nominee]
By:____________________________
Name:
Title:
<PAGE>
EXHIBIT F
FORM OF RESIDUAL CERTIFICATE TRANSFEREE AFFIDAVIT
STATE OF )
) ss.:
COUNTY OF )
[NAME OF OFFICER], _________________ being first duly sworn,
deposes and says:
1. That he [she] is [title of officer]
________________________ of [name of Purchaser]
_________________________________________ (the "Purchaser"), a
_____________________________________ [description of type of
entity] duly organized and existing under the laws of the [State
of __________] [United States], on behalf of which he [she]
makes this affidavit.
2. That the Purchaser's Taxpayer Identification Number is [
].
3. That the Purchaser is not a "disqualified organization"
within the meaning of Section 860E(e)(5) of the Internal Revenue
Code of 1986, as amended (the "Code") and will not be a
"disqualified organization" as of [date of transfer], and that
the Purchaser is not acquiring a Residual Certificate (as defined
below) for the account of, or as agent (including a broker,
nominee, or other middleman) for, any person or entity from which
it has not received an affidavit substantially in the form of
this affidavit. For these purposes, a "disqualified organization"
means the United States, any state or political subdivision
thereof, any foreign government, any international organization,
any agency or instrumentality of any of the foregoing (other than
an instrumentality if all of its activities are subject to tax
and a majority of its board of directors is not selected by such
governmental entity), any cooperative organization furnishing
electric energy or providing telephone service to persons in
rural areas as described in Code Section 1381(a)(2)(C), or any
organization (other than a farmers' cooperative described in Code
Section 521) that is exempt from federal income tax unless such
organization is subject to the tax on unrelated business income
imposed by Code Section 511. As used herein, "Residual
Certificate" means any Certificate designated as a "Class R
Certificate" or "Class RL Certificate" of GE Capital Mortgage
Services, Inc.'s REMIC Multi-Class Pass-Through Certificates,
Series 1998-9.
4. That the Purchaser is not, and on __________ [insert
date of transfer of Residual Certificate to Purchaser] will not
be, and is not and on such date will not be investing the assets
of, an employee benefit plan subject to the Employee Retirement
Income Security Act of 1974, as amended ("ERISA"), or a plan
subject to Code Section 4975 or a person or entity that is using
the assets of any employee benefit plan or other plan to acquire
a Residual Certificate.
<PAGE>
5. That the Purchaser hereby acknowledges that under the
terms of the Pooling and Servicing Agreement (the "Agreement")
between State Street Bank and Trust Company, as Trustee, and GE
Capital Mortgage Services, Inc., dated as of May 1, 1998, no
transfer of the Residual Certificates shall be permitted to be
made to any person unless the Trustee has received a certificate
from such transferee to the effect that such transferee is not an
employee benefit plan subject to ERISA or a plan subject to
Section 4975 of the Code and is not using the assets of any
employee benefit plan or other plan to acquire Residual
Certificates.
6. That the Purchaser does not hold REMIC residual
securities as nominee to facilitate the clearance and settlement
of such securities through electronic book-entry changes in
accounts of participating organizations (such entity, a
"Book-Entry Nominee").
7. That the Purchaser does not have the intention to impede
the assessment or collection of any federal, state or local taxes
legally required to be paid with respect to such Residual
Certificate.
8. That the Purchaser will not transfer a Residual
Certificate to any person or entity (i) as to which the Purchaser
has actual knowledge that the requirements set forth in paragraph
3, paragraph 6 or paragraph 10 hereof are not satisfied or that
the Purchaser has reason to believe does not satisfy the
requirements set forth in paragraph 7 hereof, and (ii) without
obtaining from the prospective Purchaser an affidavit
substantially in this form and providing to the Trustee a written
statement substantially in the form of Exhibit G to the
Agreement.
9. That the Purchaser understands that, as the holder of a
Residual Certificate, the Purchaser may incur tax liabilities in
excess of any cash flows generated by the interest and that it
intends to pay taxes associated with holding such Residual
Certificate as they become due.
10. That the Purchaser (i) is not a Non-U.S. Person or (ii)
is a Non-U.S. Person that holds a Residual Certificate in
connection with the conduct of a trade or business within the
United States and has furnished the transferor and the Trustee
with an effective Internal Revenue Service Form 4224 or successor
form at the time and in the manner required by the Code or (iii)
is a Non-U.S. Person that has delivered to both the transferor
and the Trustee an opinion of a nationally recognized tax counsel
to the effect that the transfer of such Residual Certificate to
it is in accordance with the requirements of the Code and the
regulations promulgated thereunder and that such transfer of a
Residual Certificate will not be disregarded for federal income
tax purposes. "Non-U.S. Person" means an individual, corporation,
partnership or other person other than a citizen or resident of
the United States, a corporation, partnership or other entity
created or organized in or under the laws of the United States or
any political subdivision thereof, or an estate or trust that is
subject to U.S. federal income tax regardless of the source of
its income.
11. That the Purchaser agrees to such amendments of the
Pooling and Servicing Agreement as may be required to further
effectuate the restrictions on transfer of any Residual
<PAGE>
Certificate to such a "disqualified organization," an agent
thereof, a Book-Entry Nominee, or a person that does not satisfy
the requirements of paragraph 7 and paragraph 10 hereof.
12. That the Purchaser consents to the designation of the
Company as its agent to act as "tax matters person" of the Upper
Tier REMIC or Lower Tier REMIC, as applicable, pursuant to the
Pooling and Servicing Agreement.
<PAGE>
IN WITNESS WHEREOF, the Purchaser has caused this
instrument to be executed on its behalf, pursuant to authority of
its Board of Directors, by its [title of officer] this _____ day
of __________, 19__.
_________________________________
[name of Purchaser]
By:______________________________
Name:
Title:
Personally appeared before me the above-named [name of officer]
________________, known or proved to me to be the same person who
executed the foregoing instrument and to be the [title of
officer] _________________ of the Purchaser, and acknowledged to
me that he [she] executed the same as his [her] free act and deed
and the free act and deed of the Purchaser.
Subscribed and sworn before me this _____ day of __________,
19__.
NOTARY PUBLIC
______________________________
COUNTY OF_____________________
STATE OF______________________
My commission expires the _____ day of __________, 19__.
<PAGE>
EXHIBIT G
[LETTER FROM TRANSFEROR OF RESIDUAL CERTIFICATE]
_________________
Date
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
8th Floor
Boston, Massachusetts 02110
Re: GE Capital Mortgage Services, Inc.
REMIC Multi-Class Pass-Through
Certificates, Series 1998-9
Ladies and Gentlemen:
_______________________ (the "Transferor") has
reviewed the attached affidavit of _____________________________
(the "Transferee"), and has no actual knowledge that such
affidavit is not true and has no reason to believe that the
information contained in paragraph 7 thereof is not true, and has
no reason to believe that the Transferee has the intention to
impede the assessment or collection of any federal, state or
local taxes legally required to be paid with respect to a
Residual Certificate. In addition, the Transferor has conducted a
reasonable investigation at the time of the transfer and found
that the Transferee had historically paid its debts as they came
due and found no significant evidence to indicate that the
Transferee will not continue to pay its debts as they become due.
Very truly yours,
_____________________________
Name:
Title:
<PAGE>
EXHIBIT H
ADDITIONAL SERVICER COMPENSATION
QUALIFIED ADMINISTRATIVE EXPENSES
(Conventional, Non-Conforming Loans)
Assumption Fees $550 - $800
Late Charges Per Loan Documents
Appraisal/Inspection Fees Reasonable and Customary
Charges
Partial Release Fees $300
Easements $150
Insufficient Funds Charges $15
Document Requests (copies of
loan file documents, additional
pay-off quotations, amortization
schedules, payment histories) $0
Modification Fees Reasonable and Customary
Charges
<PAGE>
EXHIBIT I
FORM OF INVESTMENT LETTER FOR
DEFINITIVE RESTRICTED CERTIFICATES
____________________
Date
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
8th Floor
Boston, Massachusetts 02110
Re: GE Capital Mortgage Services, Inc.
REMIC Multi-Class Pass Through
Certificates, Series 1998-9
Ladies and Gentlemen:
1. The undersigned, a [title of officer] _______________ of
[name of Investor] _________________________________________ (the
"Investor"), a ______________ ___________________ [description of
type of entity] duly organized and existing under the laws of the
[State of __________________] [United States], hereby certifies
as follows:
2. The Investor hereby acknowledges that under the terms of
the Pooling and Servicing Agreement between State Street Bank and
Trust Company, as Trustee, and GE Capital Mortgage Services, Inc.
(the "Company"), dated as of May 1, 1998 (the "Agreement"), no
transfer of a Restricted Certificate may be made unless such
transfer is exempt from the registration requirements of the
Securities Act of 1933, as amended (the "Securities Act"), and
any applicable state securities laws, or is made in accordance
with the Securities Act and such laws.
3. The Investor understands that (a) the Restricted
Certificates have not been and will not be registered or
qualified under the Securities Act, or the securities laws of any
state, (b) neither the Company nor the Trustee is required, and
neither intends, to so register or qualify the Restricted
Certificates, (c) the Restricted Certificates cannot be resold
unless (i) they are registered and qualified under the Securities
Act and the applicable state securities laws or (ii) such sale is
exempt from the requirements of the Securities Act, (d) the
Agreement contains restrictions regarding the transfer of the
Restricted Certificates and (e) the Restricted Certificates will
bear a legend to the foregoing effect.
<PAGE>
4. The Investor is acquiring the Restricted Certificates for
its own account for investment only and not with a view to or for
sale or other transfer in connection with any distribution of the
Restricted Certificates in any manner that would violate the
Securities Act or any applicable state securities laws.
5. The Investor (a) is a substantial, sophisticated
institutional investor having such knowledge and experience in
financial and business matters, and in particular in such matters
related to securities similar to the Restricted Certificates,
such that it is capable of evaluating the merits and risks of
investment in the Restricted Certificates, (b) is able to bear
the economic risks of such an investment and (c) is an
"accredited investor" within the meaning of Rule 501(a)(1), (2),
(3) or (7) promulgated pursuant to the Securities Act.
6. The Investor will not authorize nor has it authorized
any person to (a) offer, pledge, sell, dispose of or otherwise
transfer any Restricted Certificate, any interest in any
Restricted Certificate or any other similar security to any
person in any manner, (b) solicit any offer to buy or to accept a
pledge, disposition or other transfer of any Restricted
Certificate, any interest in any Restricted Certificate or any
other similar security from any person in any manner, (c)
otherwise approach or negotiate with respect to any Restricted
Certificate, any interest in any Restricted Certificate or any
other similar security with any person in any manner, (d) make
any general solicitation by means of general advertising or in
any other manner, or (e) take any other action that would
constitute a distribution of any Restricted Certificate under the
Securities Act, that would render the disposition of any
Restricted Certificate a violation of Section 5 of the Securities
Act or any state securities law, or that could require
registration or qualification pursuant thereto. Neither the
Investor nor anyone acting on its behalf has offered the
Restricted Certificates for sale or made any general solicitation
by means of general advertising or in any other manner with
respect to the Restricted Certificates. The Investor will not
sell or otherwise transfer any of the Restricted Certificates,
except in compliance with the provisions of the Agreement.
7. If an Investor in a Restricted Certificate sells or
otherwise transfers any such Certificate to a transferee other
than a "qualified institutional buyer" under Rule 144A of the
Securities Act, such Investor will obtain (a) from any subsequent
purchaser the same certifications, representations, warranties
and covenants contained in the foregoing paragraphs and in this
paragraph or (b) an opinion of counsel in form and substance
satisfactory to the Trustee pursuant to the Agreement.
8. The Investor hereby indemnifies the Trustee and the
Company against any liability that may result if the Investor's
transfer of a Restricted Certificate (or any portion thereof) is
not exempt from the registration requirements of the Securities
Act and any applicable state securities laws or is not made in
accordance with such federal and state laws. Such indemnification
of the Trustee and the Company shall survive the termination of
the Agreement.
[9. The Restricted Certificates shall be registered in the
name of __________________________ as nominee for the Investor.]
<PAGE>
IN WITNESS WHEREOF, the Investor has caused this
instrument to be executed on its behalf, pursuant to authority of
its Board of Directors, by its [title of officer] _____________
this _____ day of __________, 19__.
_________________________________
[name of Investor]
By:______________________________
Name:
Title:
The undersigned hereby
acknowledges that it is holding
and will hold the Restricted
Certificates at the exclusive
direction of and as nominee of
the Investor named above.
_____________________________
[name of nominee]
By:__________________________
Name:
Title:
<PAGE>
EXHIBIT J
FORM OF DISTRIBUTION DATE STATEMENT
_________________, ______
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1998-9
Pursuant to the Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement") between GE Capital Mortgage
Services, Inc. (the "Company"), and State Street Bank and Trust
Company (the "Trustee"), governing the Certificates referred to
above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the
Determination Date for this month:
The amounts below are for a Single Certificate of
$1,000:
(1) Amount of distribution allocable to principal:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class A8 $__________
Class A10 $__________
Class A11 $__________
Class A12 $__________
Class A13 $__________
Class A14 $__________
Class A15 $__________
Class A16 $__________
Class A17 $__________
Class A18 $__________
Class A19 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
<PAGE>
Class B5 $__________
Class R $__________
Class RL $__________
(2) Aggregate principal prepayments included in
distribution:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class A8 $__________
Class A10 $__________
Class A11 $__________
Class A12 $__________
Class A13 $__________
Class A14 $__________
Class A15 $__________
Class A16 $__________
Class A17 $__________
Class A18 $__________
Class A19 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
Class RL $__________
(3) Amount of distribution allocable to interest;
Pay-out Rate:
Class A1 $__________ ____%
Class A2 $__________ ____%
Class A3 $__________ ____%
Class A5 $__________ ____%
Class A6 $__________ ____%
Class A7 $__________ ____%
Class A8 $__________ ____%
Class A9 $__________ ____%
<PAGE>
Class A10 $__________ ____%
Class A11 $__________ ____%
Class A12 $__________ ____%
Class A13 $__________ ____%
Class A14 $__________ ____%
Class A15 $__________ ____%
Class A16 $__________ ____%
Class A17 $__________ ____%
Class A18 $__________ ____%
Class A19 $__________ ____%
Class M $__________ ____%
Class B1 $__________ ____%
Class B2 $__________ ____%
Class B3 $__________ ____%
Class B4 $__________ ____%
Class B5 $__________ ____%
Class R $__________ ____%
Class RL $__________ ____%
(4) Accrual Amount:
Class A-5 $__________
(5) Amount of distribution allocable to Unanticipated
Recoveries:
Class A1 $__________ ____%
Class A2 $__________ ____%
Class A3 $__________ ____%
Class A4 $__________ ____%
Class A5 $__________ ____%
Class A6 $__________ ____%
Class A7 $__________ ____%
Class A8 $__________ ____%
Class A10 $__________ ____%
Class A11 $__________ ____%
Class A12 $__________ ____%
Class A13 $__________ ____%
Class A14 $__________ ____%
Class A15 $__________ ____%
Class A16 $__________ ____%
Class A17 $__________ ____%
Class A18 $__________ ____%
Class A19 $__________ ____%
Class PO $__________ ____%
<PAGE>
Class M $__________ ____%
Class B1 $__________ ____%
Class B2 $__________ ____%
Class B3 $__________ ____%
Class B4 $__________ ____%
Class B5 $__________ ____%
Class R $__________ ____%
Class RL $__________ ____%
(6) Servicing Compensation: $__________
The amounts below are for the aggregate of all
Certificates:
(7) Pool Scheduled Principal Balance;
number of Mortgage Loans: $__________ __________
(8) Class Certificate Principal Balance (or Notional
Principal Balance) of each Class; Certificate
Principal Balance (or Notional Principal Balance)
of Single Certificate of each Class:
Single
Certificate
Class Balance Balance
----- ------- -------
Class A1 $__________ $__________
Class A2 $__________ $__________
Class A3 $__________ $__________
Class A4 $__________ $__________
Class A5 $__________ $__________
Class A6 $__________ $__________
Class A7 $__________ $__________
Class A8 $__________ $__________
Class A9 $__________ $__________
Class A10 $__________ $__________
Class A11 $__________ $__________
Class A12 $__________ $__________
Class A13 $__________ $__________
Class A14 $__________ $__________
Class A15 $__________ $__________
Class A16 $__________ $__________
Class A17 $__________ $__________
Class A18 $__________ $__________
Class A19 $__________ $__________
<PAGE>
Class PO $__________ $__________
Class M $__________ $__________
Class B1 $__________ $__________
Class B2 $__________ $__________
Class B3 $__________ $__________
Class B4 $__________ $__________
Class B5 $__________ $__________
Class R $__________ $__________
Class RL $__________ $__________
(9) Book value of real
estate acquired on behalf of
Certificate-holders; number
of related Mortgage Loans: $__________ __________
(10) Aggregate Scheduled Principal
Balance and number of delinquent
Mortgage Loans:
30-59 days delinquent $__________ __________
60-89 days delinquent $__________ __________
90 or more days delinquent $__________ __________
In foreclosure $__________ __________
(11) Aggregate Scheduled Principal Balance
and number of replaced Mortgage
Loans: $__________ __________
(12) Aggregate Scheduled Principal Balance
and number of modified Mortgage
Loans: $__________ __________
(13) Senior Percentage for such Distribution
Date: __________%
(14) Senior Prepayment Percentage for such
Distribution Date: __________%
(15) Class A13 Percentage for such
Distribution Date: __________%
(16) Class A13 Scheduled Distribution
Percentage for such Distribution Date: __________%
(17) Category B Group II Percentage for
such Distribution Date: __________%
<PAGE>
(18) Category B Group II Scheduled
Distribution Percentage for such
Distribution Date: __________%
(19) Junior Percentage for such Distribution
Date: __________%
(20) Junior Prepayment Percentage for such
Distribution Date: __________%
Capitalized terms used in this Statement shall have the same
meanings as in the Agreement.
<PAGE>
EXHIBIT K
FORM OF SPECIAL SERVICING
AND COLLATERAL FUND AGREEMENT
This SPECIAL SERVICING AND COLLATERAL FUND AGREEMENT (the
"Agreement") is made and entered into as of ____________________,
199_, between GE Capital Mortgage Services, Inc. (the "Company")
and _____________________________ (the "Purchaser").
PRELIMINARY STATEMENT
___________________________ or an affiliate thereof is the
holder of the entire interest in REMIC Multi-Class Pass-Through
Certificates, Series 199_-__, Class B_ (the "Class B_
Certificates"). The Class B_ Certificates were issued pursuant to
a Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of ________ 1, 199_ between the Company (in
its capacity as servicer thereunder, the "Servicer") and State
Street Bank and Trust Company as Trustee.
____________________________ or an affiliate thereof
intends to resell all of the Class B_ Certificates directly to
the Purchaser on or promptly after the date hereof.
In connection with such sale, the parties hereto have
agreed that the Company, as Servicer, will engage in certain
special servicing procedures relating to foreclosures for the
benefit of the Purchaser, and that the Purchaser will deposit
funds in a collateral fund to cover any losses attributable to
such procedures as well as all advances and costs in connection
therewith, as set forth herein.
[The parties hereto have further agreed that the Purchaser
will have no rights, and the Company will have no obligations
under this Agreement until the Class Certificate Principal
Balance of the REMIC Multi-Class Pass-Through Certificates,
Series 199_-__, Class B5 (the "Class B5 Certificates") has been
reduced to zero, and any Special Servicing and Collateral Fund
Agreement in respect of such Class between the Company and the
Purchaser has been terminated.]
In consideration of the mutual agreements herein contained,
the receipt and sufficiency of which are hereby acknowledged, the
Company and the Purchaser agree that the following provisions
shall become effective and shall be binding on and enforceable by
the Company and the Purchaser upon the acquisition by the
Purchaser of the Class B_ Certificates.
<PAGE>
ARTICLE I
DEFINITIONS
Section 1.01. Defined Terms. Whenever used in this
Agreement, the following words and phrases, unless the context
otherwise requires, shall have the following meanings:
Business Day: Any day other than (i) a Saturday or a Sunday
of (ii) a day on which banking institutions in New York City or
Boston, Massachusetts are required or authorized by law or
executive order to be closed.
Collateral Fund: The fund established and maintained
pursuant to Section 3.01 hereof.
Collateral Fund Permitted Investments: Either (i)
obligations of, or obligations fully guaranteed as to principal
and interest by, the United States, or any agency or
instrumentality thereof, provided such obligations are backed by
the full faith and credit of the United States, (ii) repurchase
agreements on obligations specified in clause (i) provided that
the unsecured obligations of the party agreeing to repurchase
such obligations are at the time rated by each Rating Agency in
the highest long-term rating category, (iii) federal funds,
certificates of deposit, time deposits and banker's acceptances
of any U.S. depository institution or trust company incorporated
under the laws of the United States or any state provided that
the debt obligations of such depository institution or trust
company at the date of acquisition thereof have been rated by
each Rating Agency in the highest long-term rating category, (iv)
commercial paper of any corporation incorporated under the laws
of the United States or any state thereof which on the date of
acquisition has the highest short term rating of each Rating
Agency, and (v) other obligations or securities that are
acceptable to each Rating Agency as a Collateral Fund Permitted
Investment hereunder and will not, as evidenced in writing,
result in a reduction or withdrawal in the then current rating of
the Certificates and, for each of the preceding clauses, the
maturity thereof shall be not later than the earlier to occur of
(A) 30 days from the date of the related investment and (B) the
Business Day preceding the next succeeding Distribution Date.
Commencement of Foreclosure: The first official action
required under local law in order to commence foreclosure
proceedings or to schedule a trustee's sale under a deed of
trust, including (i) in the case of a mortgage, any filing or
service of process necessary to commence an action to foreclose,
or (ii) in the case of a deed of trust, the posting, publishing,
filing or delivery of a notice of sale, but not including in
either case (x) any notice of default, notice of intent to
foreclose or sell or any other action prerequisite to the actions
specified in (i) or (ii) above and, upon the consent of the
Purchaser which will be deemed given unless expressly withheld
within two Business Days of notification, (y) the acceptance of a
deed-in-lieu of foreclosure (whether in connection with a sale of
the related property or otherwise) or (z) initiation and
completion of a short pay-off.
Current Appraisal: With respect to any Mortgage Loan as to
which the Purchaser has made an Election to Delay Foreclosure, an
appraisal of the related Mortgaged Property obtained
<PAGE>
by the Purchaser as nearly contemporaneously as practicable to
the time of the Purchaser's election, prepared based on the
Company's customary requirements for such appraisals.
Election to Delay Foreclosure: Any election by the
Purchaser to delay the Commencement of Foreclosure, made in
accordance with Section 2.02(b).
Election to Foreclose: Any election by the Purchaser to
proceed with the Commencement of Foreclosure, made in accordance
with Section 2.03(a).
Required Collateral Fund Balance: As of any date of
determination, an amount equal to the aggregate of all amounts
previously required to be deposited in the Collateral Fund
pursuant to Section 2.02(d) (after adjustments for all
withdrawals and deposits prior to such date pursuant to Section
2.02(e)) and Section 2.03(b) (after adjustment for all
withdrawals and deposits prior to such date pursuant to Section
2.03(c)) and Section 3.02, reduced by all withdrawals therefrom
prior to such date pursuant to Section 2.02(g) and Section
2.03(d).
Section 1.02. Definitions Incorporated by Reference.
All capitalized terms not otherwise defined in this Agreement
shall have the meanings assigned in the Pooling and Servicing
Agreement.
ARTICLE II
SPECIAL SERVICING PROCEDURES
Section 2.01. Reports and Notices.
(a) In connection with the performance of its duties under
the Pooling and Servicing Agreement relating to the realization
upon defaulted Mortgage Loans, the Company as Servicer shall
provide to the Purchaser the following notices and reports:
(i) Within five Business Days after each
Distribution Date (or included in or with the monthly
statements to Certificateholders pursuant to the Pooling
and Servicing Agreement), the Company, as Servicer, shall
provide to the Purchaser a report, using the same
methodology and calculations in its standard servicing
reports, indicating for the Trust Fund the number of
Mortgage Loans that are (A) thirty days, (B) sixty days,
(C) ninety days or more delinquent or (D) in foreclosure,
and indicating for each such Mortgage Loan the loan number
and outstanding principal balance.
(ii) Prior to the Commencement of Foreclosure in
connection with any Mortgage Loan, the Company shall
provide the Purchaser with a notice (sent by facsimile
transmission) of such proposed and imminent foreclosure,
stating the loan number and the aggregate amount owing
under the Mortgage Loan. Such notice may be provided to the
Purchaser in the form of a copy of a referral letter from
the Company to an attorney requesting the institution of
foreclosure or a copy of a request to foreclose received by
the Company from the related primary servicer which has
been approved by the Company.
<PAGE>
(b) If requested by the Purchaser, the Company shall make
its servicing personnel available (during their normal business
hours) to respond to reasonable inquiries, in writing by
facsimile transmission, by the Purchaser in connection with any
Mortgage Loan identified in a report under subsection (a)(i) or
(a)(ii) which has been given to the Purchaser, provided, that (1)
the Company shall only be required to provide information that is
readily accessible to its servicing personnel and is
non-confidential and (2) the Company shall respond within five
Business Days orally or in writing by facsimile transmission.
(c) In addition to the foregoing, the Company shall provide
to the Purchaser such information as the Purchaser may reasonably
request concerning each Mortgage Loan that is at least sixty days
delinquent and each Mortgage Loan which has become real estate
owned, through the final liquidation thereof, provided, that the
Company shall only be required to provide information that is
readily accessible to its servicing personnel and is
non-confidential.
Section 2.02. Purchaser's Election to Delay Foreclosure
Proceedings.
(a) The Purchaser shall be deemed to direct the Company that
in the event that the Company does not receive written notice of
the Purchaser's election pursuant to subsection (b) below within
24 hours (exclusive of any intervening non-Business Days) of
transmission of the notice provided by the Company under Section
2.01(a)(ii) subject to extension as set forth in Section 2.02(b),
the Company may proceed with the Commencement of Foreclosure in
respect of such Mortgage Loan in accordance with its normal
foreclosure policies without further notice to the Purchaser. Any
foreclosure that has been initiated may be discontinued (i)
without notice to the Purchaser if the Mortgage Loan has been
brought current or if a refinancing or prepayment occurs with
respect to the Mortgage Loan (including by means of a short
payoff approved by the Company) or (ii) with notice to the
Purchaser if the Company has reached the terms of a forbearance
agreement with the borrower. In such latter case the Company may
complete such forbearance agreement unless instructed otherwise
by the Purchaser within two Business Days of notification.
(b) In connection with any Mortgage Loan with respect to
which a notice under Section 2.01(a)(ii) has been given to the
Purchaser, the Purchaser may elect to instruct the Company to
delay the Commencement of Foreclosure until such time as the
Purchaser determines that the Company may proceed with the
Commencement of Foreclosure. Such election must be evidenced by
written notice received within 24 hours (exclusive of any
intervening non-Business Days) of transmission of the notice
provided by the Company under Section 2.01(a)(ii). The Purchaser
shall send a copy of such notice of election to each Rating
Agency as soon as practicable thereafter. Such 24-hour period
shall be extended for no longer than an additional four Business
Days after the receipt of the information if the Purchaser
requests additional information related to such foreclosure
within such 24-hour period; provided, however, that the
Purchaser will have at least one Business Day to make such
election following its receipt of any requested additional
information. Any such additional information shall (i) not be
confidential in nature and (ii) be obtainable by the Company from
existing reports, certificates or statements or otherwise be
readily accessible to its servicing personnel. The Purchaser
agrees that it has no
<PAGE>
right to deal with the mortgagor. However, if the Company's
normal foreclosure policies include acceptance of a deed-in-lieu
of foreclosure or short payoff, the Purchaser will be notified
and given two Business Days to respond.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the
Purchaser shall obtain a Current Appraisal as soon as
practicable, and shall provide the Company with a copy of such
Current Appraisal.
(d) Within two Business Days of making any Election to Delay
Foreclosure, the Purchaser shall remit by wire transfer to the
Trustee, for deposit in the Collateral Fund, an amount, as
calculated by the Company, equal to the sum of (i) 125% of the
greater of the Scheduled Principal Balance of the Mortgage Loan
and the value shown in the Current Appraisal referred to in
subsection (c) above (or, if such Current Appraisal has not yet
been obtained, the Company's estimate thereof, in which case the
required deposit under this subsection shall be adjusted upon
obtaining such Current Appraisal), and (ii) three months'
interest on the Mortgage Loan at the applicable Mortgage Rate. If
any Election to Delay Foreclosure extends for a period in excess
of three months (such excess period being referred to herein as
the "Excess Period"), the Purchaser shall remit by wire transfer
in advance to the Trustee for deposit in the Collateral Fund the
amount of each additional month's interest, as calculated by the
Company, equal to interest on the Mortgage Loan as the applicable
Mortgage Rate for the Excess Period. The terms of this Agreement
will no longer apply to the servicing of any Mortgage Loan upon
the failure of the Purchaser to deposit the above amounts
relating to the Mortgage Loan within two Business Days of (i) the
Election to Delay Foreclosure or (ii) the beginning of the
related Excess Period, as the case may be.
(e) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the Company
or the Trustee may withdraw from the Collateral Fund from time to
time amounts necessary to reimburse the Company for all related
Monthly Advances and Liquidation Expenses thereafter made by the
Company as Servicer in accordance with the Pooling and Servicing
Agreement. To the extent that the amount of any such Liquidation
Expense is determined by the Company based on estimated costs,
and the actual costs are subsequently determined to be higher,
the Company or the Trustee may withdraw the additional amount
from the Collateral Fund to reimburse the Company. In the event
that the Mortgage Loan is brought current by the mortgagor, the
amounts so withdrawn from the Collateral Fund shall be
redeposited therein as and to the extent that reimbursement
therefor from amounts paid by the mortgagor is not prohibited
pursuant to the Pooling and Servicing Agreement as of the date
hereof. Except as provided in the preceding sentence, amounts
withdrawn from the Collateral Fund to cover Monthly Advances and
Liquidation Expenses shall not be redeposited therein or
otherwise reimbursed to the Purchaser. If and when any such
Mortgage Loan is brought current by the mortgagor, all amounts
remaining in the Collateral Fund in respect of such Mortgage Loan
(after adjustment for all previous withdrawals and deposits
pursuant to this subsection and after reimbursement to the
Servicer for all related Monthly Advances) shall be released to
the Purchaser.
<PAGE>
(f) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the Company
shall continue to service the Mortgage Loan in accordance with
its customary procedures (other than the delay in Commencement of
Foreclosure as provided herein). If and when, following such
election, the Purchaser shall notify the Company that it believes
that it is appropriate to do so, the Company shall proceed with
the Commencement of Foreclosure; provided that, in any event, if
the Mortgage Loan is not brought current by the mortgagor by the
time the loan becomes 6 months delinquent, the Purchaser's
election shall no longer be effective, unless the Purchaser shall
have purchased the related Mortgage Loan promptly following (and
in any event not later than the third Business Day after) the end
of such 6-month period in the manner provided in the following
two sentences, and the Company shall be entitled to proceed with
the Commencement of Foreclosure. Any purchase of such Mortgage
Loan by the Purchaser pursuant to the preceding sentence shall be
at a purchase price equal to the unpaid principal balance of the
Mortgage Loan plus accrued interest at the Mortgage Rate from the
date last paid by the mortgagor. Such purchase price shall be
deposited by the Purchaser into the Collateral Fund in
immediately available funds on the Business Day which is the date
of purchase and the Purchaser shall instruct the Trustee (with
notice to the Company) to withdraw such amount therefrom on such
Business Day and remit the same to the Trust Fund for application
as Liquidation Proceeds pursuant to the Pooling and Servicing
Agreement. Following such withdrawal, all amounts remaining in
the Collateral Fund in respect of such Mortgage Loan (after
adjustment for all previous withdrawals and deposits pursuant to
this Agreement and after reimbursement to the Servicer for all
related Monthly Advances) shall be released to the Purchaser.
(g) Upon the occurrence of a liquidation with respect to any
Mortgage Loan as to which the Purchaser made an Election to Delay
Foreclosure and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsection (f)
above, the Company shall calculate the amount, if any, by which
the value shown on the Current Appraisal obtained under
subsection (c) exceeds the actual sales price obtained for the
related Mortgaged Property (net of Liquidation Expenses and
unreimbursed Monthly Advances related to the extended foreclosure
period), and the Company or the Trustee shall withdraw the amount
of such excess from the Collateral Fund and shall remit the same
to the Trust Fund for application as additional Liquidation
Proceeds pursuant to the Pooling and Servicing Agreement. After
making such withdrawal, all amounts remaining in the Collateral
Fund in respect of such Mortgage Loan (after adjustment for all
withdrawals and deposits pursuant to subsection (e) and after
reimbursement to the Servicer for all related Monthly Advances)
shall be released to the Purchaser.
Section 2.03. Purchaser's Election to Commence
Foreclosure Proceedings.
(a) In connection with any Mortgage Loan identified in
a report under Section 2.01(a)(i)(B), the Purchaser may elect to
instruct the Company to proceed with the Commencement of
Foreclosure as soon as practicable. Such election must be
evidenced by written notice received by the Company by 5:00 p.m.,
New York City time, on the third Business Day following the
delivery of such report under Section 2.01(a)(i).
<PAGE>
(b) Within two Business Days of making any Election to
Foreclose, the Purchaser shall remit to the Trustee, for deposit
in the Collateral Fund, an amount, as calculated by the Company,
equal to 125% of the current Scheduled Principal Balance of the
Mortgage Loan and three months' interest on the Mortgage Loan at
the applicable Mortgage Rate. If and when any such Mortgage Loan
is brought current by the mortgagor, all amounts in the
Collateral Fund in respect of such Mortgage Loan (after
adjustment for all withdrawals and deposits pursuant to
subsection (c) below) shall be released to the Purchaser. The
terms of this Agreement will no longer apply to the servicing of
any Mortgage Loan upon the failure of the Purchaser to deposit
the above amounts relating to the Mortgage Loan within two
Business Days of the Election to Foreclose.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Foreclose, the Company shall
continue to service the Mortgage Loan in accordance with its
customary procedures. In connection therewith, the Company shall
have the same rights to make withdrawals for Monthly Advances and
Liquidation Expenses from the Collateral Fund as are provided
under Section 2.02(e), and the Company shall make reimbursements
thereto to the limited extent provided under such subsection. The
Company shall not be required to proceed with the Commencement of
Foreclosure if (i) the same is stayed as a result of the
mortgagor's bankruptcy or is otherwise barred by applicable law,
or to the extent that all legal conditions precedent thereto have
not yet been complied with, or (ii) the Company believes there is
a breach of representations or warranties by the Company, which
may result in a repurchase or substitution of such Mortgage Loan,
or (iii) the Company has or expects to have the right under the
Pooling and Servicing Agreement to purchase the defaulted
Mortgage Loan and intends to exercise such right or (iv) the
Company reasonably believes the Mortgaged Property may be
contaminated with or affected by hazardous wastes or hazardous
substances (and the Company supplies the Purchaser with
information supporting such belief) or (v) the same is prohibited
by or is otherwise inconsistent with the provisions of the
Pooling and Servicing Agreement. Any foreclosure that has been
initiated may be discontinued (i) without notice to the Purchaser
if the Mortgage Loan has been brought current or if a refinancing
or prepayment occurs with respect to the Mortgage Loan (including
by means of a short payoff approved by the Purchaser) or (ii)
with notice to the Purchaser if the Company has reached the terms
of a forbearance agreement unless instructed otherwise by the
Purchaser within two Business Days of notification.
(d) Upon the occurrence of a liquidation with respect to any
Mortgage Loan as to which the Purchaser made an Election to
Foreclose and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsection (c)
above, the Company shall calculate the amount, if any, by which
the Scheduled Principal Balance of the Mortgage Loan at the time
of liquidation (plus all unreimbursed Monthly Advances and
Liquidation Expenses in connection therewith other than those
previously paid from the Collateral Fund) exceeds the actual
sales price obtained for the related Mortgaged Property, and the
Company or the Trustee shall withdraw the amount of such excess
from the Collateral Fund and shall remit the same to the Trust
Fund for application as additional Liquidation Proceeds pursuant
to the Pooling and Servicing Agreement. After making such
withdrawal, all amounts remaining in the Collateral Fund (after
adjustment for all withdrawals and deposits pursuant to
subsection (c) above and
<PAGE>
after reimbursement to the Servicer for all related Monthly
Advances) in respect of such Mortgage Loan shall be released to
the Purchaser.
Section 2.04. Termination.
(a) With respect to all Mortgage Loans included in the Trust
Fund, the Purchaser's right to make any Election to Delay
Foreclosure or any Election to Foreclose and the Company's
obligations under Section 2.01 shall terminate on the earliest to
occur of the following: (i) at such time as the Class Certificate
Principal Balance of the Class B_ Certificates has been reduced
to zero, (ii) if the greater of (x) 43% (or such lower or higher
percentage that represents the Company's actual loss experience
with respect to the Mortgage Loans in the related pool) of the
aggregate principal balance of all Mortgage Loans that are in
foreclosure or are more than 90 days delinquent on a contractual
basis and the aggregate book value of REO properties or (y) the
aggregate amount that the Company estimates through its normal
servicing practices will be required to be withdrawn from the
Collateral Fund with respect to Mortgage Loans as to which the
Purchaser has made an Election to Delay Foreclosure or an
Election to Foreclose exceeds (z) the then-current Class
Certificate Principal Balance of the Class B_ Certificates, or
(iii) upon any transfer by the Purchaser of any interest (other
than the minority interest therein, but only if the transferee
provides written acknowledgment to the Company of the Purchaser's
right hereunder and that such transferee will have no rights
hereunder) in the Class B_ Certificates [or in the Class B5
Certificates] (whether or not such transfer is registered under
the Pooling and Servicing Agreement), including any such transfer
in connection with a termination of the Trust Fund. Unless
earlier terminated as set forth herein, this Agreement and the
respective rights, obligations and responsibilities of the
Purchaser and the Company hereunder shall terminate immediately
upon (x) the later to occur of (i) the final liquidation of the
last Mortgage Loan as to which the Purchaser made any Election to
Delay Foreclosure or any Election to Foreclose and the withdrawal
of all remaining amounts in the Collateral Fund as provided
herein and (ii) ten (10) Business Days' notice or (y) the
occurrence of any event that results in the Purchaser becoming an
"affiliate" of the Trustee within the meaning of the Prohibited
Transaction Exemption (as defined in the Pooling and Servicing
Agreement).
(b) The Purchaser's rights pursuant to Section 2.02 or 2.03
of this Agreement shall terminate with respect to a Mortgage Loan
as to which the Purchaser has exercised its rights under Section
2.02 or 2.03 hereof, upon Purchaser's failure to deposit any
amounts required pursuant to Section 2.02(d) or 2.03(b) after one
Business Day's notice of such failure.
Section 2.05. Notification. The Purchaser shall
promptly notify the Trustee and the Company if such Purchaser
becomes aware of any discussions, plans or events that might lead
to such Person's becoming an "affiliate" (within the meaning of
the Prohibited Transaction Exemption) of the Trustee, provided
that the contents of any such notification shall be kept
confidential by the parties to this Agreement.
<PAGE>
ARTICLE III
COLLATERAL FUND; SECURITY INTEREST
Section 3.01. Collateral Fund. Upon payment by the
Purchaser of the initial amount required to be deposited in the
Collateral Fund pursuant to Article II, the Company shall request
the Trustee to establish and maintain with the Trustee a
segregated account entitled "REMIC Multi-Class Pass-Through
Certificates 199_-__ Collateral Fund, for the benefit of GE
Capital Mortgage Services, Inc. and State Street Bank and Trust
Company on behalf of Certificateholders, as secured parties" (the
"Collateral Fund"). Amounts held in the Collateral Fund shall
continue to be the property of the Purchaser, subject to the
first priority security interest granted hereunder for the
benefit of such secured parties, until withdrawn from the
Collateral Fund pursuant to the Section 2.02 or 2.03 hereof.
Upon the termination of this Agreement and the liquidation
of all Mortgage Loans as to which the Purchaser has made any
Election to Delay Foreclosure or any Election to Foreclose
pursuant to Section 2.04 hereof, the Company shall distribute to
the Purchaser all amounts remaining in the Collateral Fund
together with any investment earnings thereon (after giving
effect to all withdrawals therefrom permitted under this
Agreement).
The Purchaser shall not take or direct the Company or the
Trustee to take any action contrary to any provision of the
Pooling and Servicing Agreement. In no event shall the Purchaser
(i) take or cause the Trustee or the Company to take any action
that could cause any REMIC established under the Pooling and
Servicing Agreement to fail to qualify as a REMIC or cause the
imposition on any such REMIC of any "prohibited transaction" or
"prohibited contribution" taxes or (ii) cause the Trustee or the
Company to fail to take any action necessary to maintain the
status of any such REMIC as a REMIC.
Section 3.02. Collateral Fund Permitted Investments. The
Company shall, at the written direction of the Purchaser, direct
the Trustee to invest the funds in the Collateral Fund in the
name of the Trustee in Collateral Fund Permitted Investments.
Such direction shall not be changed more frequently then
quarterly. In the absence of any direction, the Company shall
direct the Trustee select such investments in accordance with the
definition of Collateral Fund Permitted Investments in its
discretion.
All income and gain realized from any investment as well as
any interest earned on deposits in the Collateral Fund (net of
any losses on such investments) and any payments of
principal made in respect of any Collateral Fund Permitted
Investment shall be deposited in the Collateral Fund upon
receipt. All costs and realized losses associated with the
purchase and sale of Collateral Fund Permitted Investments shall
be borne by the Purchaser and the amount of net realized losses
shall be promptly deposited by the Purchaser in the Collateral
Fund. The Company shall periodically (but not more frequently
than monthly) direct the Trustee to distribute to the Purchaser
upon request an amount of cash, to the extent cash is available
therefor in the Collateral Fund, equal to the amount by which the
balance of the Collateral Fund, after giving effect to all other
distributions to be made from the Collateral Fund on such date,
<PAGE>
exceeds the Required Collateral Fund Balance. Any amounts so
distributed shall be released from the lien and security interest
of this Agreement.
Section 3.03. Grant of Security Interest. In order to
secure the obligations of the Purchaser hereunder to the Company
and the Trustee for the benefit of Certificateholders (other than
its obligations under Section 4.10), the Purchaser hereby grants
to the Company and to the Trustee for the benefit of the
Certificateholders a security interest in and lien on all of the
Purchaser's right, title and interest, whether now owned or
hereafter acquired, in and to: (1) the Collateral Fund, (2) all
amounts deposited in the Collateral Fund and Collateral Fund
Permitted Investments in which such amounts are invested (and the
distributions and proceeds of such investments) and (3) all cash
and non-cash proceeds of any of the foregoing, including proceeds
of the voluntary or involuntary conversion thereof (all of the
foregoing collectively, the "Collateral").
The Purchaser acknowledges the lien on and security
interest in the Collateral for the benefit of the Company and the
Trustee on behalf of the Certificateholders. The Purchaser shall
take all actions requested by the Company or the Trustee as may
be reasonably necessary to perfect the security interest created
under this Agreement in the Collateral and cause it to be prior
to all other security interests and liens, including the
execution and delivery to the Company or at its direction the
Trustee for filing of appropriate financing statements in
accordance with applicable law.
Section 3.04. Collateral Shortfalls. In the event that
amounts on deposit in the Collateral Fund at any time are
insufficient to cover any withdrawals therefrom that the Company
or the Trustee is then entitled to make hereunder, the Purchaser
shall be obligated to pay such amounts to the Company or the
Trustee immediately upon demand. Such obligation shall constitute
a general corporate obligation of the Purchaser. The failure to
pay such amounts within two Business Days of such demand (except
for amounts to cover interest on a Mortgage Loan pursuant to
Sections 2.02(d) and 2.03(b)), shall cause an immediate
termination of the Purchaser's right to make any Election to
Delay Foreclosure or Election to Foreclose and the Company's
obligations under this Agreement with respect to all Mortgage
Loans to which such insufficiencies relate, without the necessity
of any further notice or demand on the part of the Company.
ARTICLE IV
MISCELLANEOUS PROVISIONS
Section 4.01. Amendment. This Agreement may be amended from
time to time by the Company and the Purchaser by written
agreement signed by the Company and the Purchaser provided that
no such amendment shall have a material adverse effect on the
holders of other Classes of Certificates.
<PAGE>
Section 4.02. Counterparts. This Agreement may be
executed simultaneously in any number of counterparts, each of
which counterparts shall be deemed to be an original, and such
counterparts shall constitute but one and the same instrument.
Section 4.03. Governing Law. This Agreement shall be
construed in accordance with the laws of the State of New York
and the obligations, rights and remedies of the parties hereunder
shall be determined in accordance with such laws.
Section 4.04. Notices. All demands, notices and
direction hereunder shall be in writing or by telecopy and shall
be deemed effective upon receipt to:
(a) in the case of the Company, with respect to notices
pursuant to Sections 2.02 and 2.03 hereto,
GE Capital Mortgage Services, Inc.
2000 West Loop South
Suite 1917
Houston, Texas 77027
Attention: Mark Pendergrass
Telephone: (713) 964-4207
Facsimile: (713) 964-4100
with respect to all other notices pursuant to this
Agreement,
GE Capital Mortgage Services, Inc.
Three Executive Campus
Cherry Hill, New Jersey 08002
Attention: General Counsel
Telephone: (609) 661-6515
Facsimile: (609) 661-6875
or such other address as may hereafter be furnished in
writing by the Company, or
(b) in the case of the Purchaser, with respect to notices
pursuant to Section 2.01,
________________________________
________________________________
Attention:______________________
Telephone:______________________
Facsimile:______________________
<PAGE>
with respect to all other notices pursuant to this
Agreement,
________________________________
________________________________
________________________________
Attention:______________________
Telephone:______________________
Facsimile:______________________
or such other address as may hereafter be furnished in
writing by the Purchaser, or
(c) in the case of the Trustee,
State Street Bank and Trust Company
Corporate Trust Department
Two International Place, Fifth Floor
Boston, Massachusetts 02110
Attention: Karen Beard
Telephone: (617) 664-5465
Facsimile: (617) 664-5367
Section 4.05. Severability of Provisions. If any one or
more of the covenants, agreements, provisions or terms of this
Agreement shall be for any reason whatsoever, including
regulatory, held invalid, then such covenants, agreements,
provisions or terms shall be deemed severable from the remaining
covenants, agreements, provisions or terms of this Agreement and
shall in no way affect the validity or enforceability of the
other provisions of this Agreement.
Section 4.06. Successor and Assigns. The provisions of this
Agreement shall be binding upon and inure to the benefit of the
parties hereto and the respective successors and assigns of the
parties hereto; provided, however, that the rights under this
Agreement cannot be assigned by the Purchaser without the consent
of the Company.
Section 4.07. Article and Section Headings. The article
and section headings herein are for convenience of reference only
and shall not limit or otherwise affect the meaning hereof.
Section 4.08. Third Party Beneficiaries. The Trustee on
behalf of Certificateholders is the intended third party
beneficiary of this Agreement.
Section 4.09. Confidentiality. The Purchaser agrees
that all information supplied by or on behalf of the Company
pursuant to Section 2.01 or 2.02, including individual account
information, is the property of the Company and the Purchaser
agrees to use such information solely for the purposes set forth
in this Agreement and to hold such information confidential and
not to disclose such information.
<PAGE>
Section 4.10. Indemnification. The Purchaser agrees to
indemnify and hold harmless the Company against any and all
losses, claims, damages or liabilities to which it may be
subject, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
actions taken by the Company in accordance with the provisions of
this Agreement and which actions conflict or are alleged to
conflict with the Company's obligations under the Pooling and
Servicing Agreement. The Purchaser hereby agrees to reimburse the
Company on demand for the reasonable legal or other expenses
incurred by it in connection with investigating or defending any
such loss, claim, damage, liability or action.
[Section 4.11. Delayed Effectiveness. The Purchaser agrees
that, notwithstanding any other provision of this Agreement, the
Purchaser shall have no rights hereunder, and the Company shall
have no obligations hereunder, until the Class Certificate
Principal Balance of the Class B5 Certificates has been reduced
to zero and any Special Servicing and Collateral Fund Agreement
between the Company and the Purchaser relating to such Class B5
Certificates has been terminated.]
<PAGE>
IN WITNESS WHEREOF, the Company and the Purchaser have
caused their names to be signed hereto by their respective
officers thereunto duly authorized, all as of the day and year
first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
[PURCHASER]
By:_______________________________
Name:
Title:
Acknowledged and agreed to:
STATE STREET BANK AND TRUST COMPANY
By:_________________________________
Name:
Title:
<PAGE>
EXHIBIT L
FORM OF LOST NOTE AFFIDAVIT AND AGREEMENT
I, _________________________________________, being
duly sworn, do hereby state under oath that:
1. I am a duly elected ______________________ of GE Capital
Mortgage Services, Inc. (the "Company") and am duly authorized to
make this affidavit.
2. This affidavit is being delivered in connection with the
transfer of the Mortgage Loan described in Paragraph 3 hereof by
the Company pursuant to the Pooling and Servicing Agreement dated
as of [date] between the Company, Seller and Servicer, and State
Street Bank and Trust Company, Trustee, relating to the Company's
REMIC Multi-Class Pass-Through Certificates, Series [____]
("Agreement"). Such Mortgage Loan constitutes a Designated Loan.
3. The Company is the payee under the following described
Mortgage Note ("Mortgage Note") which evidences the obligation of
the borrower(s) to repay the Mortgage Loan:
Loan Number: __________________________________
Mortgage Note Date:_____________________________
Borrower(s): ___________________________________
Original Payee (if not the Company): ___________
Original Amount:________________________________
Mortgage Rate: _________________________________
Address of Mortgaged Property: _________________
________________________________________________
4. The Company is the lawful owner of the Mortgage Note and
has not cancelled, altered, assigned or hypothecated the Mortgage
Note.
5. A thorough and diligent search for the executed original
Mortgage Note was undertaken and was unsuccessful.
6. Attached hereto is a true and correct copy of the
Mortgage Note.
7. The Mortgage Note has not been endorsed by the Company
in any manner inconsistent with its transfer of the Mortgage Loan
under the Agreement.
8. Without limiting the generality of the rights and
remedies of the Trustee contained in the Agreement, the Company
hereby confirms and agrees that in the event the inability to
produce the executed original Mortgage Note results in a breach
of the representations and warranties appearing in Agreement
subsections 2.03(a)(ii) (the validity and enforceability of the
<PAGE>
lien created by the Mortgage Loan) or (x) (no valid offset,
defense or counterclaim to any Mortgage Note or Mortgage), the
Company shall repurchase the Mortgage Loan at the Purchase Price
and otherwise in accordance with Section 2.03(b) of the
Agreement. In addition, the Company covenants and agrees to
indemnify the Trustee and the Trust Fund from and hold them
harmless against any and all losses, liabilities, damages, claims
or expenses (other than those resulting from negligence or bad
faith of the Trustee) arising from the Company's failure to have
delivered the Mortgage Note to the Trustee, including without
limitation any such losses, liabilities, damages, claims or
expenses arising from any action to enforce the indebtedness
evidenced by the Mortgage Note or any claim by any third party
who is the holder of such indebtedness by virtue of possession of
the Mortgage Note.
9. In the event that the Company locates the executed
original Mortgage Note, it shall promptly provide the Mortgage
Note to the Trustee.
10. Capitalized terms not otherwise defined herein shall
have the meanings given them in the Agreement.
Date: _______________________
_____________________________
(signature)
_____________________________
(print name)
_____________________________
(print title)
<PAGE>
State of New Jersey )
)ss:
)
On this ____________________day of ___________________,
199__, before me appeared ____________________________, to me
personally known, who acknowledged the execution of the foregoing
and who, having been duly sworn states that he/she is
a/the______________________________of GE Capital Mortgage
Services, Inc., that any representations therein contained are
true, that this Lost Note Affidavit was signed and sealed on
behalf of GE Capital Mortgage Services, Inc. and that this Lost
Note Affidavit is the free act and deed of GE Capital Mortgage
Services, Inc.
___________________________________
(Notary Public)
[Notarial Seal]
<PAGE>
EXHIBIT M
SCHEDULE OF DESIGNATED LOANS
None
<PAGE>
EXHIBIT N
SCHEDULE OF PLEDGED ASSET MORTGAGE LOANS
None
